OverviewSuggest Edit

Synchrony Financial is a provider of consumer financial services. 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, CT, US
Websitesynchrony.com
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)16,500
Revenue (FY, 2019)$19.5 B(+7%)
Share Price (Jan 2021)$38.9 (+5%)
Cybersecurity ratingAMore

Key People/Management at Synchrony Financial

Margaret Keane

Margaret Keane

Chief Executive Officer
Paget Alves

Paget Alves

Director
Alberto 'Beto' Casellas

Alberto 'Beto' Casellas

EVP & CEO, CareCredit
Marc Chini

Marc Chini

EVP Human Resources
Brian Doubles

Brian Doubles

President
Laurel Richie

Laurel Richie

Director
Show more

Synchrony Financial Office Locations

Synchrony Financial has offices in Stamford, Alpharetta, Altamonte Springs, Canton and in 8 other locations
Stamford, CT, US (HQ)
777 Long Ridge Rd
Alpharetta, GA, US
4125 Windward Plaza
Altamonte Springs, FL, US
965 Keller Rd
Canton, OH, US
4500 Munson St NW
Charlotte, NC, US
10840 Ballantyne Commons Pkwy
Chicago, IL, US
222 W Adams St
Show all (12)

Synchrony Financial Financials and Metrics

Synchrony Financial Revenue

Embed Graph
View revenue for all periods
Synchrony Financial's revenue was reported to be $19.46 b in FY, 2019 which is a 6.6% increase from the previous period.
USD

Revenue (Q3, 2020)

4.0b

Gross profit (Q3, 2020)

1.5b

Gross profit margin (Q3, 2020), %

37.3%

Net income (Q3, 2020)

313.0m

Market capitalization (14-Jan-2021)

22.7b

Closing stock price (14-Jan-2021)

38.9

Cash (30-Sept-2020)

13.6b

EV

24.9b
Synchrony Financial's current market capitalization is $22.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

16.7b18.3b19.5b

Revenue growth, %

10%9%7%

Cost of goods sold

9.6b10.5b10.3b

Gross profit

7.1b7.7b9.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

4.3b4.2b4.8b4.9b4.8b5.1b4.5b3.9b4.0b

Cost of goods sold

2.5b2.4b2.8b2.4b2.6b2.6b3.1b2.9b2.5b

Gross profit

1.8b1.9b1.9b2.5b2.2b2.4b1.4b1.0b1.5b

Gross profit Margin, %

42%44%41%51%45%48%31%27%37%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

11.6b9.4b12.1b

Accounts Receivable

76.4b86.7b81.6b

Goodwill

991.0m1.0b1.1b

Total Assets

95.8b106.8b104.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

13.0b15.7b12.1b13.0b11.8b11.5b13.7b16.3b13.6b

Accounts Receivable

72.1b73.0b81.3b74.5b76.0b77.6b73.3b68.5b68.4b

Goodwill

991.0m1.0b1.0b1.1b1.1b1.1b1.1b1.1b1.1b

Total Assets

95.6b99.1b104.5b105.4b106.4b105.9b98.0b96.5b95.7b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

1.9b2.8b3.7b

Depreciation and Amortization

254.0m302.0m367.0m

Cash From Operating Activities

8.9b9.3b9.0b

Cash From Investing Activities

(9.4b)(19.0b)(261.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

640.0m1.3b2.0b1.1b2.0b3.0b286.0m334.0m647.0m

Depreciation and Amortization

71.0m144.0m222.0m87.0m179.0m273.0m96.0m193.0m290.0m

Cash From Operating Activities

1.9b4.1b6.8b2.3b4.3b6.7b1.5b3.9b5.4b

Cash From Investing Activities

755.0m(2.3b)(12.8b)3.8b628.0m(942.0m)3.9b5.9b2.8b
USDFY, 2017

EV/CFO

4.4 x

Revenue/Employee

1.0m

Debt/Equity

1.5 x

Debt/Assets

0.2 x

Financial Leverage

6.7 x

P/E Ratio

15.9
Show all financial metrics

Synchrony Financial Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

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 m77.09 m75.47 m68.85 m63.43 m64.80 m

Accounts (Deposits)

250 k400 k535 k680 k900 k1 m

Customers (Deposits)

150 k230 k300 k360 k449 k491 k

Payments Processed, units

645 m672 m700 m
Show all operating metrics

Synchrony Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Pets BestMarch 06, 2019
Loop Commerce, Inc.June 08, 2018
GPShopperMarch 21, 2017
CareCredit LLC
GPShopper, LLC
Retail Finance Credit Services, LLC
Retail Finance International Holdings, Inc.
Retail Finance Servicing, LLC
RFS Holding, Inc.
RFS Holding, L.L.C.
Show more

Synchrony Financial Revenue Breakdown

Embed Graph

Synchrony Financial revenue breakdown by business segment: 94.5% from Credit Cards and 5.5% from Other

Human Capital Metrics

Source: fortune.com
Embed Graph
Show all human capital metrics

Synchrony Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Synchrony Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Synchrony Financial Online and Social Media Presence

Embed Graph

Synchrony Financial Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A+

    82/100

  • Compensation

    C

    65/100

  • Diversity

    B

    72/100

Learn more on Comparably

Synchrony Financial News and Updates

Walgreens to launch credit cards with Synchrony Financial and Mastercard

Walgreens Boots Alliance Inc. said Wednesday that it will expand its partnerships with Synchrony Financial and Mastercard Inc. with credit cards and a prepaid debit card. The credit cards will be tied to the pharmacy retailer's newly-launched loyalty program, offering points as well as other bene…

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 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...
Show more

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, Paget Alves and Alberto 'Beto' Casellas.

  • How many employees does Synchrony Financial have?

    Synchrony Financial has 16,500 employees.

  • What is Synchrony Financial revenue?

    Latest Synchrony Financial annual revenue is $19.5 b.

  • What is Synchrony Financial revenue per employee?

    Latest Synchrony Financial revenue per employee is $1.2 m.

  • Who are Synchrony Financial competitors?

    Competitors of Synchrony Financial include Total System Services, Global Payments and Citibank.

  • Where is Synchrony Financial headquarters?

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

  • Where are Synchrony Financial offices?

    Synchrony Financial has offices in Stamford, Alpharetta, Altamonte Springs, Canton and in 8 other locations.

  • How many offices does Synchrony Financial have?

    Synchrony Financial has 12 offices.