SLM
$21.81-1.85%
SLM CorporationStock · FinancialsNasdaq Composite 0.01%Russell 3000 0.007%Russell 1000 0.007%US Stock Market 0.006%
SLM financial statements
The full income statement, balance sheet, and cash-flow statement for SLM Corporation (SLM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 217.5M2024-09 212.3M2024-12 210.4M2025-03 210.7M2025-06 208.5M2025-09 203.0M2025-12 198.2M2026-03 188.6M2026-06 187.9M-13.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.98B+7.3% | 1.85B+2.2% | 1.81B-0.8% | 1.82B-10.1% | 2.03B+11.9% | ||
| Noninterest income | 483M+31.0% | 368M+49.0% | 247M-26.2% | 335M-47.1% | 632M+90.8% | |
| — | — | — | — | 519M-3.6% | ||
| Restructuring | — | — | 0.00 | 0.00-100.0% | 1.25M-95.2% | |
| Amortization of intangibles | 4.00M-20.0% | 5.00M-50.0% | 10.0M+25.0% | 8.00M | 0.00 | |
| Noninterest expense | 659M+2.7% | 642M-6.4% | 686M+22.6% | 559M+7.6% | 520M-7.9% | |
| Provision for credit losses | — | — | — | — | -33.0M+85.0% | |
| Interest expense | — | — | 1.03B+89.8% | 543M+42.1% | 382M-29.5% | |
| Interest & investment income | 2.63B+0.3% | 2.62B+1.0% | 2.59B+27.6% | 2.03B+14.3% | 1.78B-12.1% | |
| Net interest income | 1.50B+1.4% | 1.48B-5.2% | 1.56B+4.9% | 1.49B+6.7% | 1.39B-5.8% | |
| Gain (loss) on equity securities | — | — | — | — | 35.0M | |
| Pre-tax income | 993M+24.3% | 799M+2.6% | 778M+23.4% | 631M-59.1% | 1.54B+33.5% | |
| Income tax | 248M+30.2% | 190M-3.3% | 197M+21.8% | 162M-57.4% | 380M+38.9% | |
| 745M+22.4% | 608M+4.6% | 581M+24.0% | 469M-59.6% | 1.16B+31.8% | ||
| Net income to common | 729M+23.6% | 590M+4.7% | 564M+22.5% | 460M-60.2% | 1.16B+32.7% | |
| $3.46+29.1% | $2.68+11.2% | $2.41+36.9% | $1.76-51.2% | $3.61+60.4% | ||
| EPS (basic) | $3.52+28.9% | $2.73+11.9% | $2.44+37.1% | $1.78-51.5% | $3.67+61.7% | |
| Weighted-avg shares (basic) | 207M-4.2% | 216M-6.6% | 231M-10.5% | 258M-18.0% | 315M-17.9% | |
| Weighted-avg shares (diluted) | 211M-4.1% | 220M-6.0% | 234M-10.5% | 262M-18.3% | 320M-17.4% | |
| Dividends per share | $0.52+13.0% | $0.46+4.5% | $0.44+0.0% | $0.44+120.0% | $0.20+66.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 4.24B-9.8% | 4.70B+13.3% | 4.15B-10.1% | 4.62B+6.5% | 4.33B-2.7% | |
| 29.7B-1.1% | 30.1B+3.1% | 29.2B+1.2% | 28.8B-1.4% | 29.2B-5.0% | ||
| Property, plant & equipment | 122M+2.4% | 119M-7.8% | 130M-8.0% | 141M-6.5% | 151M-2.7% | |
| Goodwill | 56.0M+0.0% | 56.0M+0.0% | 56.0M+9.8% | 51.0M | — | |
| Intangible assets | 3.87M-47.9% | 7.43M-41.1% | 12.6M-81.4% | 67.6M | — | |
| Short-term & current debt | 498M | 0.00 | 0.00 | 0.00 | 0.00 | |
| 27.3B-2.2% | 27.9B+2.3% | 27.3B+0.8% | 27.1B+0.0% | 27.1B-4.0% | ||
| Long-term debt | 5.36B-16.7% | 6.44B+23.2% | 5.23B-0.1% | 5.24B-11.7% | 5.93B+14.3% | |
| 2.45B+13.5% | 2.16B+14.8% | 1.88B+8.9% | 1.73B-19.7% | 2.15B-16.1% | ||
| Common stock | 88.7M+0.6% | 88.1M+0.5% | 87.6M+0.7% | 87.0M+0.7% | 86.4M-5.4% | |
| Additional paid-in capital | 1.24B+3.9% | 1.19B+3.9% | 1.15B+3.6% | 1.11B+3.2% | 1.07B-19.3% | |
| Retained earnings | 4.73B+15.1% | 4.11B+13.5% | 3.62B+14.6% | 3.16B+12.3% | 2.82B+63.6% | |
| Treasury stock | 3.82B+11.7% | 3.42B+8.4% | 3.16B+13.1% | 2.79B+35.3% | 2.06B+158.0% | |
| Accumulated other comprehensive income | -40.1M+39.1% | -65.9M+12.3% | -75.1M+20.0% | -93.9M-424.5% | -17.9M+47.7% | |
| Total equity incl. non-controlling | — | 2.16B+14.8% | 1.88B+8.9% | 1.73B-19.7% | 2.15B-16.1% | |
| Total liabilities & equity | 29.7B-1.1% | 30.1B+3.1% | 29.2B+1.2% | 28.8B-1.4% | 29.2B-5.0% | |
| Common shares issued | 443M+0.6% | 441M+0.5% | 438M+0.7% | 435M+0.7% | 432M-5.4% | |
| Shares outstanding (cover) | 198M-5.8% | 210M-4.5% | 220M-8.6% | 241M-13.7% | 279M-23.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -399M-21.0% | -329M-127.7% | -145M-2997.4% | 4.99M+110.1% | -49.5M+72.9% | ||
| Depreciation & amortization | 20.2M-11.0% | 22.7M-18.6% | 27.8M+9.8% | 25.3M+57.9% | 16.0M+6.5% | |
| Intangible amortization | 4.00M-20.0% | 5.00M-50.0% | 10.0M+25.0% | 8.00M | 0.00 | |
| Share-based compensation | 40.6M+1.4% | 40.0M+9.9% | 36.4M+5.6% | 34.5M+12.4% | 30.6M-15.9% | |
| Deferred income taxes | 50.3M+246.6% | -34.3M-47.8% | -23.2M+75.2% | -93.7M-269.2% | 55.4M-23.9% | |
| Change in receivables | — | — | — | 0.00 | 0.00-100.0% | |
| 1.05B+54.8% | 676M+5525.3% | -12.5M-101.2% | 1.08B-58.6% | 2.60B+174.9% | ||
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -1.10B-583.8% | 228M+172.1% | -316M+63.0% | -855M+67.4% | -2.62B-39.7% | ||
| Long-term debt issued | 0.00-100.0% | 2.22B+94.4% | 1.14B | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 369M+48.7% | 248M-29.2% | 350M-50.9% | 713M-53.4% | 1.53B+174.2% | |
| Dividends paid | 108M+8.6% | 99.2M-2.0% | 101M-10.4% | 113M+86.8% | 60.5M+30.4% | |
| Net change in cash | -456M-179.3% | 575M+221.4% | -473M-308.1% | 227M+453.4% | -64.4M+94.2% | |
| Interest paid | 1.11B+0.2% | 1.11B+15.1% | 963M+99.4% | 483M+34.3% | 360M-30.5% | |
| Income taxes paid | 167M-31.3% | 243M+26.9% | 192M-29.8% | 273M+4.4% | 261M+5.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.36B-7.6% | 5.80B+34.1% | 4.33B+4.2% | 4.15B-24.4% | 5.50B+22.0% | |
| P/E | 7.2×-24.5% | 9.5×-25.9% | 12.9×+164.3% | 4.9×+2.9% | 4.7×-7.4% | |
| P/S | 2.7×-13.9% | 3.1×+23.8% | 2.5×+22.2% | 2.1×-23.5% | 2.7×+9.0% | |
| P/B | 2.2×-18.6% | 2.7×+11.7% | 2.4×+14.8% | 2.1×-18.0% | 2.6×+45.4% | |
| Earnings yield | 13.9%+32.5% | 10.5%+35.0% | 7.8%-62.2% | 20.5%-2.8% | 21.1%+8.0% | |
| Dividend yield | 1.9%+15.2% | 1.7%-27.5% | 2.3%-13.2% | 2.7%+160.7% | 1.0%+5.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SLM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SLM filings on SEC EDGAR → Not investment advice.