NYSE$SYF
Synchrony Financial · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Synchrony's Q2 2024 results demonstrated resilience with strong earnings and strategic positioning for future growth.
Synchrony Financial reported net earnings of $643 million, or $1.55 per diluted share, for Q2 2024, compared to $569 million, or $1.32 per diluted share in Q2 2023. The company saw an increase in loan receivables and average active accounts, while purchase volume and new accounts decreased. Synchrony returned $400 million of capital to shareholders.
- Net earnings reached $643 million, or $1.55 per diluted share.
- Loan receivables increased by 8% to $102.3 billion.
- Capital returned to shareholders totaled $400 million, including $300 million in share repurchases.
- Net interest margin decreased to 14.46%.
Headline financials
Revenue & EPS history
Synchrony · Revenue · Quarterly
$4.52B
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
Synchrony did not provide specific forward guidance in the provided text. The report highlights continued focus on strategic growth and resilience.
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 Q2 2024
+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% | — | — |
Discussion
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