NYSE$SYF
Synchrony Financial · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Synchrony's financial performance demonstrated strength with consistent growth and strong risk-adjusted returns, driven by broad-based purchase volume and receivables growth.
Synchrony Financial reported Q3 2023 net earnings of $628 million, or $1.48 per diluted share. Purchase volume increased by 5% to $47.0 billion, and loan receivables increased by 14% to $97.9 billion. The company returned $254 million of capital to shareholders, including $150 million in share repurchases.
- Purchase volume increased 5% to $47.0 billion.
- Loan receivables increased 14% to $97.9 billion.
- Average active accounts increased 6% to 70.3 million.
- Net interest margin decreased 16 basis points to 15.36%.
Headline financials
Revenue & EPS history
Synchrony · Revenue · Quarterly
$4.45B
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 is confident in their ability to execute on key strategic priorities and drive market leading returns over the long-term, leveraging core strengths such as advanced data analytics, disciplined underwriting, and a stable funding model.
Tailwinds
- Prioritizing sustainable growth at appropriate risk-adjusted returns.
- Selectively investing to meet the increasingly digital demands of customers.
- Advanced underwriting capabilities.
- Digital-first servicing strategy.
- Stable funding model.
Headwinds
- Changing market conditions.
- Gradual normalization of credit performance.
- Impact of credit normalization.
- Higher net charge-offs.
- Higher reserve build.
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 Q3 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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro