Financials in USD. Standardized financial statements.
A compact view of how SLM Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.11B | $2.99B | $2.84B | $2.37B | $2.41B | $2.34B | $2.38B | $1.88B | $1.43B | $1.15B |
| Revenue Growth? | +4.1% | +5.2% | +20.0% | -1.8% | +2.9% | -1.6% | +26.4% | +31.3% | +25.2% | 0.0% |
| Cost of Revenue? | $1.46B | $1.55B | $1.38B | $1.18B | $349.12M | $634.80M | $1.06B | $767.15M | $493.85M | $345.31M |
| Gross Profit? | $1.65B | $1.44B | $1.46B | $1.19B | $2.06B | $1.71B | $1.32B | $1.12B | $940.55M | $800.75M |
| Gross Margin? | +53.1% | +48.2% | +51.6% | +50.3% | +85.5% | +72.9% | +55.4% | +59.3% | +65.6% | +69.9% |
| Operating Expenses? | $655.59M | $641.90M | $685.57M | $559.24M | $519.91M | $552.97M | $574.25M | $556.98M | $449.09M | $386.31M |
| Operating Income? | $992.56M | $798.64M | $778.30M | $630.73M | $1.54B | $1.15B | $743.74M | $559.33M | $491.46M | $414.44M |
| EBITDA? | $995.32M | $816.29M | $796.11M | $648.06M | $1.56B | $1.17B | $758.41M | $573.16M | $502.64M | $424.03M |
| Income Before Tax | $992.56M | $798.64M | $778.30M | $630.73M | $1.54B | $1.15B | $743.74M | $559.33M | $491.46M | $414.44M |
| Income Tax Expense | $247.72M | $190.31M | $196.91M | $161.71M | $379.75M | $273.32M | $165.46M | $71.85M | $202.53M | $164.11M |
| Net Income? | $744.85M | $608.33M | $581.39M | $469.01M | $1.16B | $880.69M | $578.28M | $487.48M | $288.93M | $250.33M |
| EPS? | $3.52 | $2.73 | $2.44 | $1.78 | $3.67 | $2.27 | $1.35 | $1.08 | $0.63 | $0.54 |
| Diluted EPS? | $3.46 | $2.68 | $2.41 | $1.76 | $3.61 | $2.25 | $1.34 | $1.07 | $0.62 | $0.53 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality