Synchrony Financial (SYF) FY2024 results: revenue $16.1 billion, up 18.3% on the year
Synchrony Financial (SYF) reported revenue of $16.1 billion for fiscal 2024, the year ended 31 December 2024, up 18.3% on the year before. Net income was $3.5 billion, up 56.3%, and diluted earnings per share $8.55. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$16.1 billion
+18.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$3.5 billion
+56.3% on the year
FY2017FY2024
Diluted EPS
$8.55
+64.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
9,848
8,593
6,694
+14.6%
Cash from investing
-8,903
-14,234
-10,234
Cash from financing
-611
9,632
5,284
Depreciation and amortisation
481
458
419
+5.0%
Buybacks
1,008
1,112
3,320
-9.4%
Dividends paid
398
406
434
-2.0%
Dividend per share
$1.00
$0.96
$0.90
+4.2%
Diluted shares, weighted
401m
424m
483m
-5.4%
Shares outstanding at period end
388m
407m
438m
-4.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
16,580
13,903
12,873
+19.3%
Deposits
82,062
81,153
71,735
+1.1%
Debt
15,462
15,982
14,191
-3.3%
Other liabilities
5,359
6,441
5,765
-16.8%
Total liabilities and equity
119,463
117,479
104,564
+1.7%
Goodwill
1,274
1,018
1,105
+25.1%
Intangible assets
854
815
742
+4.8%
Securities held for sale or to maturity
3,079
3,799
4,879
-19.0%
Cash and equivalents
14,711
14,259
10,294
+3.2%
Other assets
99,545
97,588
87,544
+2.0%
Total assets
119,463
117,479
104,564
+1.7%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.