OverviewSuggest Edit

Synchrony Financial operates as a consumer financial services company. It offers private label credit cards, dual cards, general purpose co-branded credit cards, small and medium-sized business credit products, promotional financing for consumer purchases, such as private label credit cards and installment loans. The company also provides promotional financing to consumers for health and personal care procedures, products, or services, such as dental, veterinary, cosmetic, vision and audiology, debt cancellation products and deposit products.

TypePublic
Founded2003
HQStamford, US
Websitesynchrony.com

Latest Updates

Employees (est.) (Dec 2019)16,500
Revenue (FY, 2019)$371 M(-97%)
Share Price (Sept 2020)$25.6 (-1%)
Cybersecurity ratingBMore

Key People/Management at Synchrony Financial

Margaret Keane

Margaret Keane

Chief Executive Officer
Alberto 'Beto' Casellas

Alberto 'Beto' Casellas

EVP & CEO, CareCredit
Marc Chini

Marc Chini

EVP & Human Resources Leader
Brian Doubles

Brian Doubles

President
Henry Greig

Henry Greig

EVP, Chief Credit Officer and Capital Management Leader
Kurt Grossheim

Kurt Grossheim

EVP & Chief Operating Officer
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Synchrony Financial Office Locations

Synchrony Financial has offices in Stamford, Lutherville-Timonium, San Francisco, Alpharetta and in 17 other locations
Stamford, US (HQ)
B, 777 Long Ridge Rd
Lutherville-Timonium, US
Timonium
San Francisco, US
San Francisco
Show all (21)

Synchrony Financial Financials and Metrics

Synchrony Financial Revenue

Synchrony Financial's revenue was reported to be $371 m in FY, 2019
USD

Revenue (Q2, 2020)

95.0m

Net income (Q2, 2020)

48.0m

Market capitalization (22-Sept-2020)

14.9b

Closing stock price (22-Sept-2020)

25.6

Cash (30-Jun-2020)

16.3b

EV

19.8b
Synchrony Financial's current market capitalization is $14.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

15.1b16.7b18.3b371.0m

Revenue growth, %

11%10%9%

Cost of goods sold

8.1b9.6b10.5b

Gross profit

7.0b7.1b7.7b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

4.0b4.0b4.3b4.3b4.2b4.8b4.9b4.8b5.1b97.0m95.0m

Cost of goods sold

2.3b2.4b2.5b2.5b2.4b2.8b2.4b2.6b2.6b

Gross profit

1.7b1.6b1.8b1.8b1.9b1.9b2.5b2.2b2.4b

Gross profit Margin, %

42%41%43%42%44%41%51%45%48%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

9.3b11.6b9.4b12.1b

Accounts Receivable

72.0b76.4b86.7b81.6b

Goodwill

949.0m991.0m1.0b1.1b

Total Assets

90.2b95.8b106.8b104.8b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

2.3b1.9b2.8b3.7b

Depreciation and Amortization

219.0m254.0m302.0m367.0m

Cash From Operating Activities

6.5b8.6b9.3b9.0b

Cash From Investing Activities

(1.3b)(9.5b)(19.0b)(261.0m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

499.0m995.0m1.6b640.0m1.3b2.0b1.1b2.0b3.0b286.0m334.0m

Depreciation and Amortization

59.0m118.0m187.0m71.0m144.0m222.0m87.0m179.0m273.0m96.0m193.0m

Cash From Operating Activities

1.5b3.2b6.1b1.9b4.1b6.8b2.3b4.3b6.7b1.5b3.9b

Cash From Investing Activities

1.4b(440.0m)(2.4b)755.0m(2.3b)(12.8b)3.8b628.0m(942.0m)3.9b5.9b
USDFY, 2016

Revenue/Employee

1.1m

Debt/Equity

1.4 x

Debt/Assets

0.2 x

Financial Leverage

6.4 x
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Synchrony Financial Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Accounts (Deposits)

250 k400 k535 k680 k900 k

Active Accounts

64.29 m59.76 m61.72 m62.83 m68.31 m64.69 m66.49 m66.78 m71.89 m67.91 m69.28 m69.01 m74.54 m68.89 m69.77 m75.46 m80.34 m74.81 m76.07 m76.70 m

Customers (Deposits)

150 k230 k300 k360 k449 k

Locations

338 k350 k365 k380 k390 k
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Synchrony Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
GPShopperMarch 21, 2017
CareCredit LLC
GPShopper, LLC
Loop Commerce, Inc.
Retail Finance Credit Services, LLC
Retail Finance International Holdings, Inc.
Retail Finance Servicing, LLC
RFS Holding, Inc.
RFS Holding, L.L.C.
Synchrony Bank
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Synchrony Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Synchrony Financial Revenue Breakdown

Embed Graph

Synchrony Financial revenue breakdown by business segment: 95.0% from Credit Cards and 5.0% from Other

Human Capital Metrics

Source: fortune.com
Embed Graph
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Synchrony Financial Online and Social Media Presence

Embed Graph

Synchrony Financial News and Updates

Synchrony Financial stock surges toward best day on record

Synchrony Financial shares are surging toward their best single-day percentage gain on record Thursday, according to Dow Jones Market Data, with the stock up more than 16% in midday trading. The private-label credit-card company's stock began trading in 2014 after General Electric Co. offered a sm…

Synchrony Financial Reports Fourth Quarter Net Earnings of $731 Million or $1.15 Per Diluted Share

STAMFORD, Conn., Jan. 24, 2020 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced fourth quarter 2019 net earnings of $731 million, or $1.15 per diluted share; this includes a $38 million pre-tax, $28 million after-tax, or $0.05 per diluted share benefit from a reduction in...

Synchrony Financial to Participate in the Goldman Sachs US Financial Services Conference

STAMFORD, Conn., Dec. 3, 2019 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) Chief Executive Officer, Margaret M. Keane, and Executive Vice President and Chief Financial Officer, Brian J. Wenzel, will participate in the Goldman Sachs US Financial Services Conference in New York on...

Synchrony Financial Reports Third Quarter Net Earnings of $1.1 Billion or $1.60 Per Diluted Share

STAMFORD, Conn., Oct. 18, 2019 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced third quarter 2019 net earnings of $1.1 billion, or $1.60 per diluted share; this includes a $326 million pre-tax, $248 million after-tax, or $0.38 per diluted share benefit from a reduction in...

Synchrony Financial to raise quarterly dividend in Q3, unveils $4 billion share buyback

Synchrony Financial said Thursday it is raising its quarterly cash dividend to 22 cents a share from 21 cents in the third quarter. The company said its board has approved a $4 billion share buyback program. Shares were slightly lower premarket, but have gained 0.3% in the last 12 months, while the…

Synchrony Financial Reports First Quarter Net Earnings of $1.1 Billion or $1.56 Per Diluted Share

STAMFORD, Conn., April 18, 2019 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced first quarter 2019 net earnings of $1.1 billion, or $1.56 per diluted share; this includes a $522 million pre-tax, $395 million after-tax, or $0.56 per diluted share benefit from reserves...
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Synchrony Financial Frequently Asked Questions

  • When was Synchrony Financial founded?

    Synchrony Financial was founded in 2003.

  • Who are Synchrony Financial key executives?

    Synchrony Financial's key executives are Margaret Keane, Alberto 'Beto' Casellas and Marc Chini.

  • How many employees does Synchrony Financial have?

    Synchrony Financial has 16,500 employees.

  • What is Synchrony Financial revenue?

    Latest Synchrony Financial annual revenue is $371 m.

  • What is Synchrony Financial revenue per employee?

    Latest Synchrony Financial revenue per employee is $22.5 k.

  • Who are Synchrony Financial competitors?

    Competitors of Synchrony Financial include Citibank, Alliance Data Systems and College Ave Student Loans.

  • Where is Synchrony Financial headquarters?

    Synchrony Financial headquarters is located at B, 777 Long Ridge Rd, Stamford.

  • Where are Synchrony Financial offices?

    Synchrony Financial has offices in Stamford, Lutherville-Timonium, San Francisco, Alpharetta and in 17 other locations.

  • How many offices does Synchrony Financial have?

    Synchrony Financial has 21 offices.