Bread Financial Holdings (BFH) Q1 FY2026 earnings: revenue $1.0 billion, up 4.9% on the year
Bread Financial Holdings, Inc. (BFH) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 31 March 2026, up 4.9% on the same quarter a year earlier. Net income was $181 million, up 31.2% on the year, and diluted earnings per share $4.15. The figures are the company's own, from the 10-Q it filed with the SEC on 28 April 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue | 1,018 | 975 | 970 | +4.9% |
| Pre-tax income | 243 | 48.0 | 197 | +23.4% |
| Income tax | 62.0 | -4.0 | 55.0 | +12.7% |
| Effective tax rate | 25.5% | -8.3% | 27.9% | |
| Net income | 181 | 53.0 | 138 | +31.2% |
| Net margin | 17.8% | 5.4% | 14.2% | |
| Diluted EPS | $4.15 | $1.16 | $2.78 | +49.3% |
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Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.Cash flow and capital returned
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 487 | 568 | 393 | +23.9% |
| Cash from investing | 317 | -1,503 | 691 | -54.1% |
| Cash from financing | -475 | 784 | -562 | n/a |
| Depreciation and amortisation | 19.0 | 19.0 | 21.0 | -9.5% |
| Share-based compensation | 15.0 | 15.0 | 13.0 | +15.4% |
| Buybacks | 153 | 123 | 103 | +48.5% |
| Dividends paid | 10.0 | 10.0 | 10.0 | +0.0% |
| Dividend per share | $0.23 | $0.23 | $0.21 | +9.5% |
| Diluted shares, weighted | 43m | 46m | 50m | -12.9% |
| Shares outstanding at period end | 41m | 44m | 47m | -11.3% |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 3,325 | 3,327 | 3,068 | +8.4% |
| Deposits | 14,073 | 13,916 | 13,099 | +7.4% |
| Debt | n/a | 4,308 | 5,121 | n/a |
| Other liabilities | 4,910 | 1,112 | 1,094 | +348.8% |
| Total liabilities and equity | 22,308 | 22,663 | 22,382 | -0.3% |
| Fixed assets | 112 | 117 | 133 | -15.8% |
| Goodwill | n/a | 634 | n/a | n/a |
| Intangible assets | n/a | 82.0 | n/a | n/a |
| Investments | n/a | 26.0 | n/a | n/a |
| Securities held for sale or to maturity | 172 | n/a | 172 | +0.0% |
| Trading assets | 222 | 221 | 220 | +0.9% |
| Cash and equivalents | 3,637 | 3,604 | 4,212 | -13.7% |
| Other assets | 18,165 | 17,979 | 17,645 | +2.9% |
| Total assets | 22,308 | 22,663 | 22,382 | -0.3% |
Questions
What was Bread Financial Holdings' revenue in Q1 FY2026?
Bread Financial Holdings (BFH) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 31 March 2026, up 4.9% on the same quarter a year earlier.
How much did Bread Financial Holdings earn in Q1 FY2026?
Net income for Q1 FY2026 was $181 million, up 31.2% on the year, and diluted earnings per share $4.15.
When did Bread Financial Holdings report Q1 FY2026 results?
Bread Financial Holdings filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 28 April 2026.
Quarterly results, the last 12 quarters
| Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 † | Q2 FY2025 | Q3 FY2025 † | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,031 | 1,017 | 991 | 939 | 983 | 925 | 970 | 929 | 971 | 975 | 1,018 | 993 |
| Interest expense | 219 | 237 | 248 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | 225 | 19.0 | 188 | 180 | 40.0 | -27.0 | 197 | 174 | 196 | 48.0 | 243 | 197 |
| Tax rate | 23% | -137% | 28% | 26% | 92% | n/a | 28% | 20% | 4% | -8% | 26% | 26% |
| Net income | 171 | 44.0 | 134 | 133 | 2.0 | 8.0 | 138 | 139 | 188 | 53.0 | 181 | 146 |
| Net margin | 17% | 4% | 14% | 14% | 0% | 1% | 14% | 15% | 19% | 5% | 18% | 15% |
| Diluted EPS | $3.42 | $0.87 | $2.70 | $2.66 | $0.05 | n/a | $2.78 | $2.94 | $3.96 | $1.16 | $4.15 | $3.55 |
| Operating cash flow | 629 | 617 | 447 | 477 | 456 | 479 | 393 | 526 | 605 | 568 | 487 | 533 |
| Buybacks | 35.0 | 0.0 | 11.0 | 0.0 | 0.0 | 44.0 | 103 | 47.0 | 40.0 | 123 | 153 | 243 |
| Dividends paid | 11.0 | 9.0 | 11.0 | 11.0 | 10.0 | 11.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 9.0 |
| Shares outstanding | 49m | 49m | 50m | 50m | 50m | 49m | 47m | 47m | 46m | 44m | 41m | 39m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.Source
10-Q for the period ended 31 March 2026, filed 28 April 2026, accession 0001101215-26-000040: the filing on EDGAR. All of Bread Financial Holdings, Inc.'s filings: EDGAR company page.
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