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
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.11B | $2.99B | $2.84B | $2.37B | $2.41B | $2.35B | $2.38B | $1.88B | $1.43B | $1.15B |
| Gross profit | $1.98B | $1.85B | $1.81B | $1.82B | $2.03B | $1.81B | $1.67B | $1.36B | $1.13B | $960.2M |
| Gross margin | 63.8% | 61.9% | 63.7% | 77.1% | 84.1% | 77.0% | 70.3% | 72.2% | 78.5% | 83.8% |
| Operating income | $992.6M | $798.6M | $778.3M | $630.7M | $1.54B | $1.15B | $743.7M | $557.3M | $491.5M | $414.4M |
| Net income | $729.1M | $590.0M | $563.7M | $460.0M | $1.16B | $871.0M | $561.4M | $471.8M | $273.2M | $229.1M |
| Net margin | 23.4% | 19.8% | 19.9% | 19.4% | 48.0% | 37.0% | 23.6% | 25.1% | 19.0% | 20.0% |
| Diluted EPS | $3.46 | $2.68 | $2.41 | $1.76 | $3.61 | $2.25 | $1.30 | $1.07 | $0.62 | $0.53 |
| EBITDA | $996.1M | $804.0M | $844.7M | $630.7M | $1.54B | $1.18B | $743.7M | $557.3M | $491.5M | $414.4M |
| Operating cash flow | -$398.6M | -$329.4M | -$144.6M | $5.0M | -$49.5M | -$182.7M | -$15.6M | -$102.7M | -$171.2M | -$199.0M |
| Free cash flow | -$398.6M | -$329.4M | -$144.6M | $5.0M | -$49.5M | — | — | — | — | — |
| Diluted shares | 210.9M | 219.9M | 234.1M | 261.5M | 319.9M | 387.2M | 430.7M | 439.7M | 438.6M | 432.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.24B | $4.70B | $4.15B | $4.62B | $4.33B | $4.46B |
| Short-term investments | $2.10B | $2.28B | $2.72B | $2.66B | $2.92B | $2.29B |
| Total debt | $5.86B | $6.44B | $5.23B | $5.24B | $5.93B | $5.19B |
| Total assets | $29.75B | $30.07B | $29.17B | $28.81B | $29.22B | $30.77B |
| Total liabilities | $27.29B | $27.91B | $27.29B | $27.08B | $27.07B | $28.21B |
| Shareholders' equity | $2.45B | $2.16B | $1.88B | $1.73B | $2.15B | $2.56B |
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