SYF
FY2026 Q2 · Calendar Q3 2026
Synchrony Financial
Synchrony Financial delivered a strong Q2 2026 with all-time-high purchase volume of nearly $50 billion (up 8% YoY) and diluted EPS of $2.59, beating the $2.14 consensus by 21%. Revenue of $3.72 billion was essentially in line. Management narrowed 2026 EPS guidance to $9.25 to $9.50 by raising the floor $0.15, signaling confidence in margin recovery despite elevated payment rates. The quarter featured broad-based partner growth, the acquisition of the MyLowe's Pro Rewards Amex Card portfolio, and $950 million in capital returns. Despite the beat, the stock fell 2.5% on the report day before drifting 6.9% higher over the following sessions, suggesting the market initially questioned the sustainability of payment-rate trends before warming to the guidance raise and partner momentum.
EPS surprise+21.0%
Market move-1.6%
