OverviewSuggest Edit

SLM Corporation is a holding company for Sallie Mae Bank, which is a saving, planning and paying for college company. The Company's primary business is to originate and service loans it makes to students and their families to finance the cost of their education. SLM is engaged in originating and servicing Private Education Loans it makes to students and their families; it also operates Upromise, a consumer savings network that provides financial rewards on everyday purchases to help families save for college. 

TypePublic
Founded1972
HQNewark, DE, US
Websitesalliemae.com
Employee Ratings3.7
Overall CultureF

Latest Updates

Employees (est.) (Dec 2018)1,700(+14%)
Job Openings2
Revenue (FY, 2020)$331.4 M(+578%)
Share Price (Sept 2021)$17.8(+3%)
Cybersecurity ratingBMore

Key People/Management at SLM Corporation

Jonathan Witter

Jonathan Witter

Chief Executive Officer & Director
Steven J. McGarry

Steven J. McGarry

Executive Vice President and Chief Financial Officer
Donna Vieira

Donna Vieira

Executive Vice President and Chief Marketing Officer
Daniel Kennedy

Daniel Kennedy

Executive Vice President and Chief Operational Officer, President of Sallie Mae Bank
Bonnie Rumbold

Bonnie Rumbold

Chief People Officer
Nicolas Jafarieh

Nicolas Jafarieh

Senior Vice President and Chief Legal, Government Affairs, and Communications Officer
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SLM Corporation Office Locations

SLM Corporation has offices in Newark, Indianapolis, Salt Lake City, Philadelphia and in 1 other location
Newark, DE, US (HQ)
300 Continental Dr
Indianapolis, IN, US
8425 Woodfield Crossing Blvd
Salt Lake City, UT, US
175 S W Temple #600
Show all (5)

SLM Corporation Financials and Metrics

SLM Corporation Revenue

SLM Corporation's revenue was reported to be $331.45 m in FY, 2020
USD

Revenue (FY, 2020)

331.4m

Net income (FY, 2020)

880.7m

Market capitalization (15-Sept-2021)

5.6b

Closing stock price (15-Sept-2021)

17.8

Cash (31-Dec-2020)

4.5b

EV

6.4b
SLM Corporation's current market capitalization is $5.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.0b(174.0m)341.0m886.0m157.3m182.6m68.8m(2.9m)(51.9m)48.9m331.4m

Revenue growth, %

(87%)23%30%

Cost of goods sold

950.0m819.0m766.0m806.0m

Gross profit

72.4m(993.0m)(425.0m)80.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

255.0m384.6m(139.5m)(5.6m)(300.0m)(108.0m)203.0m(7.0m)277.0m510.0m69.0m1.3b7.7m96.0m11.3m89.4m9.9m20.7m15.8m23.0m6.0m7.0m6.1m13.5m7.5m(85.7m)16.1m19.4m17.2m292.1m28.8m9.6m

Cost of goods sold

224.0m208.0m198.0m185.0m189.0m196.0m199.0m198.0m294.0m

Gross profit

(229.6m)(508.0m)(306.0m)18.0m(196.0m)81.0m311.0m(129.0m)1.0b

Gross profit Margin, %

4099%169%283%9%2800%29%61%(187%)77%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

4.3b2.8b3.9b5.2b2.4b2.4b1.9b1.5b2.6b5.6b4.5b

Accounts Receivable

9.5b11.6b21.7m18.6b22.3b24.7b

Inventories

PP&E

78.5m81.3m87.1m89.7m105.5m134.7m154.7m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

6.8b6.3b5.9b3.9b4.1b3.5b3.0b3.0b3.1b3.7b3.3b4.3b3.7b1.5b1.6b875.6m1.3b1.3b938.5m1.0b1.5b1.1b1.3b1.2b1.4b2.0b1.8b2.2b4.0b3.9b7.3b5.0b4.4b

Accounts Receivable

8.8b9.1b10.9b10.4b11.9b13.1b13.2b14.8b16.6b16.6b18.0b20.2b20.3b22.0b23.5b23.3b24.7b

PP&E

77.8m78.8m79.8m80.4m80.2m81.3m86.5m86.7m88.0m89.0m89.0m97.2m101.3m105.1m130.5m129.7m135.2m143.6m147.7m148.8m

Goodwill

421.0m
USDQ1, 2010

Debt/Equity

41.9 x

Debt/Assets

1 x

Financial Leverage

43.6 x
Show all financial metrics

SLM Corporation Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

FFELP Loans Issued

$1.35 b$1.21 b$1.18 b$1.14 b$1.18 b$1.09 b$1.06 b$1.03 b$1.06 b$990.61 m$968.4 m

Merchants

1 k850

Private Education Loans

$7.56 b$9.7 b$9.25 b$10.77 b$9.82 b$12.02 b$12.18 b$13.73 b$12.75 b$15.52 b$15.52 b

Total Cardholders

340 k390 k380 k
Show all operating metrics

SLM Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

SLM Corporation Online and Social Media Presence

Embed Graph

SLM Corporation Company Culture

  • Overall Culture

    F

    46/100

  • CEO Rating

    F

    50/100

  • Compensation

    F

    10/100

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SLM Corporation Frequently Asked Questions

  • When was SLM Corporation founded?

    SLM Corporation was founded in 1972.

  • Who are SLM Corporation key executives?

    SLM Corporation's key executives are Jonathan Witter, Steven J. McGarry and Donna Vieira.

  • How many employees does SLM Corporation have?

    SLM Corporation has 1,700 employees.

  • What is SLM Corporation revenue?

    Latest SLM Corporation annual revenue is $331.4 m.

  • What is SLM Corporation revenue per employee?

    Latest SLM Corporation revenue per employee is $195 k.

  • Who are SLM Corporation competitors?

    Competitors of SLM Corporation include Prudential BSN Takaful, EbixCash and Resurs Holding.

  • Where is SLM Corporation headquarters?

    SLM Corporation headquarters is located at 300 Continental Dr, Newark.

  • Where are SLM Corporation offices?

    SLM Corporation has offices in Newark, Indianapolis, Salt Lake City, Philadelphia and in 1 other location.

  • How many offices does SLM Corporation have?

    SLM Corporation has 5 offices.