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SYF
FY2026 Q1
예상 부합
Synchrony Financial 실적 발표
Buzzberg 분석
Record Q1 purchase volume of $43 billion; 6% growth.
Synchrony Financial reported a strong Q1 2026 with record purchase volume, stable credit performance, and maintained EPS guidance of $9.10-$9.50. Management highlighted consumer resilience, new partner wins (Indian Motorcycle, Harbor Freight, RH, Lowe's commercial), and expanded CareCredit acceptance at Walmart and in pet insurance. Payment rate headwinds from tax refunds and mix shift were noted, but credit loss guidance improved to less than 5.5%. Record Q1 purchase volume of $43B (+6% YoY) with growth across all five platforms.
Buzzberg 분석 Record Q1 purchase volume of $43 billion; 6% growth. Synchrony Financial reported a strong Q1 2026 with record purchase volume, stable credit performance, and maintained EPS guidance of $9.10-$9.50. Management highlighted consumer resilience, new partner wins (Indian Motorcycle, Harbor Freight, RH, Lowe's commercial), and expanded CareCredit acceptance at Walmart and in pet insurance. Payment rate headwinds from tax refunds and mix shift were noted, but credit loss guidance improved to less than 5.5%. Record Q1 purchase volume of $43B (+6% YoY) with growth across all five platforms. 전체 분석 보기분석 접기
Synchrony Financial reported a strong Q1 2026 with record purchase volume, stable credit performance, and maintained EPS guidance of $9.10-$9.50. Management highlighted consumer resilience, new partner wins (Indian Motorcycle, Harbor Freight, RH, Lowe's commercial), and expanded CareCredit acceptance at Walmart and in pet insurance. Payment rate headwinds from tax refunds and mix shift were noted, but credit loss guidance improved to less than 5.5%. Record Q1 purchase volume of $43B (+6% YoY) with growth across all five platforms.
- Net charge-off rate improved to 5.42% (down 96bp YoY); full year guide lowered to <5.5%.
- EPS guidance maintained at $9.10-$9.50; EPS reported $2.27.
- New partnerships added: Indian Motorcycle, Harbor Freight, RH, Bob's Discount Furniture, Lowe's commercial ($725M receivables).
매출$5.603B+18% 전분기 대비
주당순이익(EPS)$2.27+10% 전분기 대비
매출총이익률82.72%보고값
영업이익률16.31%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Guidance
Expect mid-single-digit loan receivables growth by year-end 2026.
Credit
Net charge-offs guidance lowered to less than 5.5% for 2026.
핵심 내용 3개 더 보기
Buybacks
New $6.5 billion share repurchase program approved, no expiry.
Growth
New account originations up 15% year over year in Q1.
AI
AI and agentic commerce are key strategic focus areas.
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $5.603B | +18% 전분기 대비 |
| 주당순이익(EPS) | $2.27 | +10% 전분기 대비 |
| 매출총이익률 | 82.72% | 보고값 |
| 영업이익률 | 16.31% | 보고값 |
| 잉여현금흐름 | $2.183B | -11% 전분기 대비 |
| 자본지출 | $0B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $9.10–$9.50 | $9.30 | 유지 |
| 판매량NET_CHARGE_OFF_RATE | FY2026 | 5.5% | 5.5% | 제시 |
AI, 자본지출 및 수요 분석
경영진 분석
Upbeat
Management emphasized strong momentum, record purchase volume, resilient consumer health, and confidence in growth strategy and long-term shareholder value.
경영진의 AI 분석
Management emphasized using AI across the business to drive productivity and speed to market, and is working to embed financing in agentic commerce platforms to protect placement at checkout. They noted early returns from these efforts and a focus on technology investments that create competitive advantages.
아래에 언급된 기업 3개 모두 표시
기업발표 이후 수익률
고객
고객
Brian Doubles
Expanded CareCredit acceptance at Walmart for health/wellness products may drive incremental spend and deepen Walmart's health ecosystem.
근거
“CareCredit cardholders can now use their card to make purchases across a wider selection of in-store and online product categories, including medical supplies and equipment, fitness products, and sleep essentials.”
고객
Brian Wentzel
Lowe's commercial co-brand portfolio transfer adds $725M in receivables, indicating Lowe's shift in financing partner and potential growth in commercial lending.
근거
“approximately $725 million of Lowe's commercial co-brand loan receivables, which was added in early April.”
고객
Brian Wentzel
RH is a new program for Synchrony, adding a high-end furniture retailer to the portfolio.
근거
“a combination of both recently launched and soon-to-be-launched programs, including Walmart OnePay, Bob's Discount Furniture, RH”
외부 신호
공급망 알파 · 3발표 이후 수익률
CareCredit is now accepted at ~85% of U.S. pet locations and pet insurance claims (via FIGO and Embrace) can be reimbursed directly to the CareCredit account, covering 1.7M insured pets.
근거
“Today, consumers can use Care Credit at approximately 85% of U.S. pet locations, and now approved pet insurance claims can be reimbursed directly as a credit to the consumer's Care Credit account.”
Purchase volume in health and wellness grew only 3% despite pet and audiology growth, while pet insurance partnerships suggest strategic push into this vertical.
근거
“Health and wellness purchase volume was 3% higher, primarily reflecting growth in pet and audiology.”
Elevated payment rate (16.3%, +50bp YoY) was partly due to higher tax refunds (14bp impact) and mix shift toward higher credit quality consumers, not a structural reset.
근거
“the payment rate of 16.3% was approximately 50 basis points higher than last year and approximately 110 basis points above the pre-pandemic first quarter average”
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 3개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.