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Synchrony Financial operates as a consumer financial services company. The Company offers private label credit cards, dual cards, general purpose co-branded credit cards, and small and medium-sized business credit products; and promotional financing for consumer purchases, such as private label credit cards and installment loans. It 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.

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TypePublic
Founded2003
HQStamford, US
Websitesynchrony.com

Latest Updates

Employees (est.) (Nov 2018)16,000
Job Openings282
Revenue (FY, 2017)$16.7 B(+11%)
Share Price (Feb 2019)$30.8 (+2%)

Key People/Management at Synchrony Financial

Margaret Keane

Margaret Keane

President and Chief Executive Officer
Alberto 'Beto' Casellas

Alberto 'Beto' Casellas

EVP & Chief Customer Engagement Officer
Marc Chini

Marc Chini

EVP & Human Resources Leader
Brian Doubles

Brian Doubles

EVP & Chief Financial Officer
Dave Fasoli

Dave Fasoli

EVP & CEO, CareCredit
Henry Greig

Henry Greig

EVP, Chief Credit Officer and Capital Management Leader
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Synchrony Financial Office Locations

Synchrony Financial has an office in Stamford
Stamford, US (HQ)
777 Long Ridge Rd
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Synchrony Financial Financials and Metrics

Synchrony Financial Revenue

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Synchrony Financial's revenue was reported to be $16.70 b in FY, 2017
USD

Revenue (Q3, 2018)

4.8b

Gross profit (Q3, 2018)

4.3b

Gross profit margin (Q3, 2018), %

89.7%

Net income (Q3, 2018)

671.0m

EBIT (Q3, 2018)

4.2b

Market capitalization (13-Feb-2019)

22.1b

Closing stock price (13-Feb-2019)

30.8

Cash (30-Sep-2018)

12.1b

EV

33.8b
Synchrony Financial's current market capitalization is $22.1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

12.7b13.6b15.1b16.7b

Cost of goods sold

922.0m1.1b1.2b1.4b

Gross profit

11.8b12.5b13.9b15.3b

Gross profit Margin, %

93%92%92%92%
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

3.3b3.5b3.6b3.6b3.9b4.0b4.0b4.3b4.3b4.2b4.8b

Cost of goods sold

270.0m289.0m311.0m303.0m315.0m326.0m333.0m357.0m402.0m437.0m488.0m

Gross profit

3.0b3.2b3.3b3.3b3.6b3.7b3.7b4.0b3.9b3.8b4.3b

Gross profit Margin, %

92%92%91%92%92%92%92%92%91%90%90%
Annual
usdY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.2b1.3b2.3b11.8b12.3b11.6b

Accounts Receivable

33.9m46.4m

Inventories

3.9m6.1m

Goodwill

991.0m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2018Q2, 2018Q3, 2018

Cash

10.6b12.3b12.5b11.8b13.0b15.7b12.1b

Goodwill

949.0m949.0m949.0m949.0m991.0m1.0b1.0b

Total Assets

75.8b79.4b81.7b82.4b95.6b99.1b104.5b

Accounts Payable

37.8b40.5b45.0b46.4b56.6b59.0b62.3b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.1b2.3b1.9b

Depreciation and Amortization

219.0m254.0m

Inventories

9.5m(16.4m)

Accounts Payable

47.4m41.2m280.0m551.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

582.0m1.1b1.7b499.0m995.0m1.6b640.0m1.3b2.0b

Depreciation and Amortization

54.0m108.0m164.0m59.0m118.0m187.0m71.0m144.0m222.0m

Accounts Payable

(449.0m)(496.0m)(321.0m)(576.0m)(242.0m)282.0m(511.0m)(256.0m)120.0m

Cash From Investing Activities

1.4b(960.0m)(2.2b)755.0m(2.3b)(12.8b)
USDY, 2018

EV/EBIT

8 x

Revenue/Employee

297.3k

Debt/Equity

1.7 x

Debt/Assets

0.2 x

Financial Leverage

7.5 x
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Synchrony Financial Operating Metrics

FY, 2014FY, 2015FY, 2016

Accounts (Deposits)

250 k400 k535 k

Customers (Deposits)

150 k230 k300 k

Customers' Calls Handled

209 m230 m260 m

Locations

338 k350 k365 k
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Synchrony Financial Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
GPShopperMarch 21, 2017

Human Capital Metrics

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

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Synchrony Financial News and Updates

Synchrony Financial Reports Fourth Quarter Net Earnings of $783 Million or $1.09 Per Diluted Share

STAMFORD, Conn., Jan. 23, 2019 /PRNewswire/ -- Synchrony Financial (NYSE: SYF) today announced fourth quarter 2018 net earnings of $783 million, or $1.09 per diluted share. Highlights included: Net interest income increased 11% from the fourth quarter of 2017 to $4.3 billion Loan...

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Synchrony Financial To Contact The Firm

NEW YORK, Nov. 8, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Synchrony Financial ("Synchrony" or the "Company") (NYSE:SYF) of the January 2, 2019 deadline to seek the role of lead plaintiff in a federal securities class action...

SYNCHRONY INVESTOR ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Synchrony Financial To Contact The Firm

NEW YORK, Nov. 5, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Synchrony Financial ("Synchrony" or the "Company") (NYSE:SYF). If you invested in Synchrony stock or options and would like to discuss your legal...

Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Synchrony Financial And Certain Of Its Senior Executives

NEW YORK, Nov. 2, 2018 /PRNewswire/ -- Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that it has filed a securities class action lawsuit on behalf of Retail Wholesale Department Store Union Local 338 Retirement Fund against Synchrony Financial ("Synchrony" or the...

Synchrony Financial CEO: Want Women CEOs? Develop Female Leaders First

To see change at the top, Margaret Keane says, start lower.
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Synchrony Financial Company Life and Culture

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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 16,000 employees.

  • What is Synchrony Financial revenue?

    Latest Synchrony Financial annual revenue is $16.7 b.

  • What is Synchrony Financial revenue per employee?

    Latest Synchrony Financial revenue per employee is $1 m.

  • Who are Synchrony Financial competitors?

    Competitors of Synchrony Financial include Bank Hapoalim, Loomis and Great Western Bancorp.

  • Where is Synchrony Financial headquarters?

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

  • Where are Synchrony Financial offices?

    Synchrony Financial has an office in Stamford.

  • How many offices does Synchrony Financial have?

    Synchrony Financial has 1 office.