SLM Corporation Floating-Rate Non-Cumulative Series B financials
$74.00+0.14%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $670.3M | $833.9M | $733.9M | $830.3M | $683.5M | $862.1M | $689.2M | $677.2M | $783.3M | $837.7M | $725.7M | $676.5M |
| Gross profit | $401.1M | $560.0M | $454.1M | $545.7M | $403.6M | $581.0M | $390.0M | $383.9M | $514.0M | $561.2M | $443.0M | $408.9M |
| Gross margin | 59.8% | 67.2% | 61.9% | 65.7% | 59.0% | 67.4% | 56.6% | 56.7% | 65.6% | 67.0% | 61.0% | 60.4% |
| Operating income | $80.5M | $400.4M | $316.0M | $185.8M | $87.6M | $403.1M | $132.2M | -$59.6M | $338.5M | $387.5M | $225.3M | $40.6M |
| Net income | $54.9M | $304.4M | $229.4M | $131.9M | $67.3M | $300.6M | $107.2M | -$49.8M | $247.4M | $285.3M | $163.7M | $24.7M |
| Net margin | 8.2% | 36.5% | 31.3% | 15.9% | 9.8% | 34.9% | 15.6% | −7.4% | 31.6% | 34.1% | 22.6% | 3.7% |
| Diluted EPS | $0.29 | $1.54 | $1.12 | $0.63 | $0.32 | $1.40 | $0.49 | $-0.23 | $1.11 | $1.27 | $0.72 | $0.11 |
| EBITDA | $80.5M | $400.4M | $319.6M | $185.8M | $87.6M | $403.1M | $137.5M | -$59.6M | $338.5M | $387.5M | $225.3M | $40.6M |
| Operating cash flow | -$134.8M | -$76.0M | -$64.5M | -$49.3M | -$138.7M | -$146.1M | $4.5M | -$113.4M | -$143.8M | -$76.7M | -$27.1M | -$59.4M |
| Free cash flow | -$134.8M | -$76.0M | -$64.5M | -$49.3M | -$138.7M | -$146.1M | $4.5M | -$113.4M | -$143.8M | -$76.7M | -$27.1M | -$59.4M |
| Diluted shares | 190.4M | 197.9M | 204.8M | 210.6M | 213.2M | 215.0M | 218.6M | 214.9M | 222.5M | 223.8M | 226.3M | 228.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.59B | $5.16B | $4.24B | $3.54B | $4.09B | $3.70B |
| Short-term investments | $2.09B | $2.13B | $2.10B | $2.14B | $1.96B | $1.99B |
| Total debt | $5.84B | $6.17B | $5.86B | $6.84B | $6.41B | $6.15B |
| Total assets | $28.58B | $29.41B | $29.75B | $29.61B | $29.60B | $28.90B |
| Total liabilities | $26.10B | $26.97B | $27.29B | $27.26B | $27.23B | $26.50B |
| Shareholders' equity | $2.47B | $2.44B | $2.45B | $2.34B | $2.37B | $2.40B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology