SLM Financial Statements
NASDAQ: SLMFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
SLM revenue and earnings
In fiscal 2025, SLM generated $1.98 billion in revenue, up 7.3% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $744.8 million (+22.4% year over year), for a net margin of 37.5% versus a median of 32.9% in the prior 5 years. Diluted earnings per share came in at $3.46, up from $2.68.
Over the last 5 fiscal years, SLM's revenue has grown at a 1.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
SLM income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.98B | 1.85B | 1.81B | 1.82B | 2.03B | 1.81B | 1.67B | 1.36B | 1.13B | 960.15M |
| Revenue growth (YoY) | +7.32% | +2.20% | -0.77% | -10.05% | +11.91% | +8.32% | +22.85% | +20.85% | +17.31% | +8.48% |
| Operating Expenses | 659.14M | 641.90M | 685.57M | 559.24M | 518.65M | 538.09M | 574.25M | 556.98M | 448.62M | 385.41M |
| Interest Expense | 1.13B | 1.14B | 1.03B | 542.80M | 382.08M | 541.67M | 707.72M | 522.29M | 308.08M | 185.91M |
| Pretax Income | 992.56M | 798.64M | 778.30M | 630.73M | 1.54B | 1.15B | 743.74M | 559.33M | 491.46M | 414.44M |
| Income Tax | 247.72M | 190.31M | 196.91M | 161.71M | 379.75M | 273.32M | 165.46M | 71.85M | 202.53M | 164.11M |
| Net Income | 744.85M | 608.33M | 581.39M | 469.01M | 1.16B | 880.69M | 578.28M | 487.48M | 288.93M | 250.33M |
| Net Income growth (YoY) | +22.44% | +4.63% | +23.96% | -59.59% | +31.77% | +52.30% | +18.63% | +68.72% | +15.42% | -8.73% |
| EPS (Basic) | 3.52 | 2.73 | 2.44 | 1.78 | 3.67 | 2.27 | 1.31 | 1.08 | 0.63 | 0.54 |
| EPS (Diluted) | 3.46 | 2.68 | 2.41 | 1.76 | 3.61 | 2.25 | 1.30 | 1.07 | 0.62 | 0.53 |
| Shares Outstanding (Basic) | 207.16M | 216.22M | 231.41M | 258.44M | 314.99M | 383.70M | 427.29M | 435.05M | 431.22M | 427.88M |
| Shares Outstanding (Diluted) | 210.91M | 219.93M | 234.06M | 261.50M | 319.91M | 387.19M | 430.67M | 439.68M | 438.55M | 432.92M |
| Net Margin | 37.54% | 32.90% | 32.13% | 25.72% | 57.25% | 48.62% | 34.58% | 35.81% | 25.65% | 26.07% |
This table shows 10 annual periods of SLM's income statement, from FY 2025 back to FY 2016, across 12 line items including revenue, operating expenses, research & development. Values in USD; B = billions, M = millions. Fiscal periods follow SLM's reporting calendar. What is a income statement?