NYSE$SYF
Synchrony Financial · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Synchrony's first quarter performance was driven by its differentiated business model and the strength of its customers, delivering strong growth across diversified partners and products.
Synchrony Financial reported net earnings of $601 million, or $1.35 per diluted share, for the first quarter of 2023. The company achieved record first quarter purchase volume and strong receivables growth, while returning $500 million of capital to shareholders.
- Purchase volume increased 3% to $41.6 billion, or 11% on a Core basis.
- Loan receivables were $91.1 billion and increased 15%, or 16% on a Core basis.
- Net interest margin decreased 58 basis points to 15.22%.
- Returned $500 million of capital to shareholders, including $400 million of share repurchases.
Headline financials
Revenue & EPS history
Synchrony · Revenue · Quarterly
$4.12B
Revenue by segment
Synchrony · $4.4B total across 5 segments · Q3 2023
- Home & Auto$1.69B—38.3%
- Digital$1.31B—29.8%
- Diversified & Value$788M—17.9%
- Health & Wellness$356M—8.1%
- Lifestyle$259M—5.9%
Forward guidance
While the macroeconomic environment remains uncertain, Synchrony remains confident in their business performance and financial outlook for the remainder of this year.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.5%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+2.4%
Avg return
30 days after
57%
31 / 54 earnings
Positive
+12.3%
Q4 2018
Best reaction
-15.5%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -2.9% | -10.0% | |
| Q4 2025 | -6.8% | -6.3% | -4.6% | |
| Q3 2025 | -0.8% | -0.8% | +0.3% | |
| Q2 2025 | +0.3% | -1.4% | +3.8% | |
| Q1 2025 | +2.8% | +8.9% | +21.7% | |
| Q4 2024 | -4.6% | -1.3% | -15.2% | |
| Q3 2024 | +6.4% | +4.7% | +21.9% | |
| Q2 2024 | -1.7% | -2.3% | -9.8% | |
| Q1 2024 | +4.2% | +4.3% | +1.1% | |
| Q4 2023 | +0.5% | +4.7% | +5.1% | |
| Q3 2023 | -3.2% | -1.9% | +3.7% | |
| Q2 2023 | +1.7% | -2.4% | -6.9% | |
| Q1 2023 | -1.3% | -2.2% | -0.8% | |
| Q4 2022 | -0.1% | +4.7% | +0.1% | |
| Q3 2022 | +6.0% | +9.3% | +11.4% | |
| Q2 2022 | +4.8% | +4.1% | +12.1% | |
| Q1 2022 | +8.0% | +0.7% | -12.3% | |
| Q4 2021 | -4.1% | -3.9% | -2.8% | |
| Q3 2021 | +1.8% | -3.6% | -5.2% | |
| Q2 2021 | +5.2% | +3.8% | +9.4% | |
| Q1 2021 | +3.8% | +5.5% | +15.0% | |
| Q4 2020 | -3.3% | +0.6% | +7.8% | |
| Q3 2020 | -7.6% | -4.6% | +3.3% | |
| Q2 2020 | +2.4% | +5.3% | +7.0% | |
| Q1 2020 | +3.0% | +8.9% | +16.3% | |
| Q4 2019 | -11.0% | -9.8% | -7.9% | |
| Q3 2019 | +3.2% | +3.3% | +9.0% | |
| Q2 2019 | -2.1% | +1.4% | -7.4% | |
| Q1 2019 | +0.9% | +0.7% | +5.0% | |
| Q4 2018 | +12.3% | +12.9% | +20.1% | |
| Q3 2018 | -0.6% | -3.6% | -12.6% | |
| Q2 2018 | -1.6% | -2.7% | +4.5% | |
| Q1 2018 | -1.8% | -5.8% | +0.3% | |
| Q4 2017 | +6.0% | +6.5% | -1.5% | |
| Q3 2017 | +3.1% | +2.1% | +6.8% | |
| Q2 2017 | +4.1% | +3.5% | +1.8% | |
| Q1 2017 | -15.5% | -13.0% | -17.2% | |
| Q4 2016 | +0.4% | +0.8% | +3.0% | |
| Q3 2016 | +6.1% | +5.8% | +23.9% | |
| Q2 2016 | -0.6% | -0.4% | -3.1% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +0.1% | — | — | |
| Q2 2015 | +5.4% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q2 2014 | -0.7% | — | — | |
| Q4 2014 | +7.8% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q4 2013 | -3.3% | — | — | |
| Q2 2013 | -3.3% | — | — |
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