SYF Synchrony Financial margins

Relative Growth: Rel. Growth: 80

Relative Strength: Rel. Strength: 37

Relative Valuation: Rel. Valuation: 91

Relative Profitability: Rel. Profitability: 91

Gross margin

100%

Operating margin

46.6%

EBITDA margin

51.3%

Net margin

34.7%

The Synchrony Financial shows a gross margin of 100%, an operating margin of 46.6%, an EBITDA margin of 51.3%, and a net margin of 34.7%. Across the available margins, EBITDA margin advanced the most and net margin weakened the most, by 0.7 and 0.2 percentage points respectively.

SYF margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Synchrony Financial's margins averaged 100% gross, 45.08% operating, 49.76% EBITDA, and 33.92% net. For Synchrony Financial, operating, EBITDA, and net margins are above their three-year averages.

SYF margin expansion

Year-over-year margin changes in percentage points

The biggest increase was in EBITDA margin, up 0.7 percentage points. Operating margin also expanded by 0.4 percentage points, while net margin contracted by 0.2 percentage points.

Gross margin expansion

0pp

Operating margin expansion

0.4pp

EBITDA margin expansion

0.7pp

Net margin expansion

-0.2pp

SYF Gross margin

In the last 3 years, Synchrony Financial had an average gross margin of 100%. Compared with its three-year average, Synchrony Financial's current gross margin is 100% and is in line with its three-year average. Looking back over the last 3 years, Synchrony Financial's gross margin reached 100% at its highest point in Jun 2026 and 100% at its lowest in Sep 2023.

SYF Operating margin

The average operating margin for Synchrony Financial was 45.08% in the last 3 years. At present, the current operating margin for Synchrony Financial is 46.6%, 1.5 percentage points above its three-year average. The operating margin for Synchrony Financial moved between 37.9% in Dec 2023 and 48.5% in Dec 2024.

SYF EBITDA margin

Synchrony Financial recorded an average EBITDA margin of 49.76% across the last 3 years. Against its three-year average, Synchrony Financial's EBITDA margin is currently 51.3%, 1.5 percentage points above its three-year average. Looking back over the last 3 years, Synchrony Financial's EBITDA margin reached 52.8% at its highest point in Dec 2024 and 43.3% at its lowest in Dec 2023.

SYF Net margin

Synchrony Financial recorded an average net margin of 33.92% across the last 3 years. The current net margin of 34.7% is 0.8 percentage points above its three-year average. Over the last 3 years, Synchrony Financial's net margin peaked at 36.5% in Dec 2024 and reached a low of 28.7% in Dec 2023.

SYF margin group comparison

Margins compared with peer-group, industry and sector averages

Synchrony Financial's gross margin of 100% is higher than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.9%, Synchrony Financial's gross margin is 19% higher.

SYF margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Synchrony Financial's gross margin?

For the period ending Jun 30, 2026, SYF recorded a gross margin of 100%.

What is Synchrony Financial's operating margin?

For the period ending Jun 30, 2026, SYF recorded an operating margin of 46.6%.

What is Synchrony Financial's EBITDA margin?

As of Jun 30, 2026, SYF has an EBITDA margin of 51.3%.

What is Synchrony Financial's net margin?

As of Jun 30, 2026, SYF has a net margin of 34.7%.

What are the average margins of SYF?

Over the past 3 years, SYF reported average margins of 100.0% gross, 45.1% operating, 49.8% EBITDA, and 33.9% net.

What are the highest historical margins of SYF?

Looking back across 5 years, SYF reached 100% gross in Jun 2026, 58.4% operating in Sep 2021, 62.1% EBITDA in Sep 2021, and 44.4% net in Sep 2021.

What are the lowest historical margins of SYF?

Looking back across 5 years, SYF reached its lowest margins at 100% gross in Sep 2021, 37.9% operating in Dec 2023, 43.3% EBITDA in Dec 2023, and 28.7% net in Dec 2023.