SLM SLM margins

Relative Growth: Rel. Growth: 42

Relative Strength: Rel. Strength: 18

Relative Valuation: Rel. Valuation: 78

Relative Profitability: Rel. Profitability: 87

Gross margin

100%

Operating margin

49.8%

EBITDA margin

51.1%

Net margin

38.3%

Recent SLM shows a gross margin of 100%, an operating margin of 49.8%, an EBITDA margin of 51.1%, and a net margin of 38.3%. EBITDA margin fell by 5.7 percentage points, while other available margins were stable.

SLM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, SLM's margins averaged 100% gross, 55.75% operating, 58.39% EBITDA, and 42.18% net. For SLM, operating, EBITDA, and net margins are below their three-year averages.

SLM margin expansion

Year-over-year margin changes in percentage points

Operating margin contracted by 5.6 percentage points, EBITDA margin by 5.7 percentage points, and net margin by 4.4 percentage points. Gross margin was unchanged.

Gross margin expansion

0pp

Operating margin expansion

-5.6pp

EBITDA margin expansion

-5.7pp

Net margin expansion

-4.4pp

SLM Gross margin

Over the last 3 years, SLM's gross margin averaged 100%. Currently, SLM's current gross margin is 100%, which is in line with its three-year average. During this period, gross margin reached a high of 100% in Sep 2026 and a low of 100% in Dec 2023.

SLM Operating margin

In the last 3 years, SLM had an average operating margin of 55.75%. Against its three-year average, SLM's operating margin is currently 49.8%, 6 percentage points below its three-year average. Looking back over the last 3 years, SLM's operating margin reached 60.1% at its highest point in Dec 2025 and 46.7% at its lowest in Jun 2025.

SLM EBITDA margin

SLM's EBITDA margin averaged 58.39% in the last 3 years. Compared with its three-year average, SLM's current EBITDA margin is 51.1% and is 7.3 percentage points below its three-year average. Over the last 3 years, SLM's EBITDA margin peaked at 64.3% in Mar 2024 and reached a low of 48.4% in Jun 2025.

SLM Net margin

Over the last 3 years, the average net margin for SLM was 42.18%. The latest net margin for SLM is 38.3%, 3.9 percentage points below its three-year average. SLM's net margin ranged from a low of 36.6% in Jun 2025 to a high of 45.1% in Dec 2025.

SLM margin group comparison

Margins compared with peer-group, industry and sector averages

SLM's gross margin of 100% is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 83.4%, SLM's gross margin is 20% higher.

SLM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is SLM's gross margin?

For the period ending Sep 30, 2026, SLM recorded a gross margin of 100%.

What is SLM's operating margin?

As of Sep 30, 2026, SLM has an operating margin of 49.8%.

What is SLM's EBITDA margin?

As of Sep 30, 2026, SLM has an EBITDA margin of 51.1%.

What is SLM's net margin?

For the period ending Sep 30, 2026, SLM recorded a net margin of 38.3%.

What are the average margins of SLM?

Over the last 3 years, SLM's margins averaged 100.0% gross, 55.8% operating, 58.4% EBITDA, and 42.2% net.

What are the highest historical margins of SLM?

Within the 5-year period, SLM recorded its highest margins at 100% gross in Sep 2026, 74.8% operating in Dec 2021, 75.5% EBITDA in Dec 2021, and 56.3% net in Dec 2021.

What are the lowest historical margins of SLM?

Across the 5-year period, SLM posted its lowest margins at 100% gross in Dec 2021, 42.3% operating in Sep 2023, 44.8% EBITDA in Sep 2023, and 31.1% net in Sep 2023.