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SLMSLM Corporation
$23.03$4.6B
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SLM logoSLM Corporation(SLM)Earnings, Financials & Key Ratios

SLM•NASDAQ•Banking & Credit
6.7× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryCredit ServicesSub-IndustryStudent Loan Lending and Servicing
AboutSLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.Show more
  • Net Interest Income$1.5B+1.4%
  • Total Revenue$3.11B+4.1%
  • Net Income$745M+22.4%
  • Return on Equity32.31%+7.3%
  • Net Interest Margin5.05%+2.5%
  • Efficiency Ratio21.08%-1.9%
  • ROA2.49%+21.3%
  • Equity / Assets8.24%+14.7%
  • Book Value per Share11.83+20.5%

SLM Key Insights

SLM Corporation (SLM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 31.5%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Strong NIM of 5.0%
  • ✓Efficient operations: 21.1% efficiency ratio
  • ✓Share count reduced 5.8% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 2.4x
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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SLM Price & Volume

SLM Corporation (SLM) stock price & volume — 10-year historical chart

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SLM Growth Metrics

SLM Corporation (SLM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.86%
5 Years5.84%
3 Years9.54%
TTM-

Profit CAGR

10 Years10.51%
5 Years-3.3%
3 Years16.67%
TTM19.55%

EPS CAGR

10 Years19.35%
5 Years8.99%
3 Years25.27%
TTM29.5%

Return on Capital

10 Years11.04%
5 Years11.67%
3 Years10.56%
Last Year11.55%

SLM Recent Earnings

SLM Corporation (SLM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$1.54+35.1%
$1.14
Rev
$560M+5.6%
$530M
Q1 2026
Jan 22, 2026
Metric
Actual
Est
EPS
$1.12+17.9%
$0.95
Rev
$454M+2.6%
$442M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$0.63-21.0%
$0.80
Rev
$830M+52.3%
$545M
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$0.32-34.7%
$0.49
Rev
$684M+76.8%
$387M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$1.54vs $1.14+35.1%
$560Mvs $530M+5.6%
Q1 2026Jan 22, 2026
$1.12vs $0.95+17.9%
$454Mvs $442M+2.6%
Q4 2025Oct 23, 2025
$0.63vs $0.80-21.0%
$830Mvs $545M+52.3%
Q3 2025Jul 24, 2025
$0.32vs $0.49-34.7%
$684Mvs $387M+76.8%
Based on last 12 quarters of dataView full earnings history →

SLM Peer Comparison

SLM Corporation (SLM) competitors in Student Loan Lending and Servicing — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
NAVI logoNAVINavient CorporationDirect Competitor760.37M8.09-9.99-23.74%-1.96%-2.45%19.05
HFBL logoHFBLHome Federal Bancorp, Inc. of LouisianaDirect Competitor62.42M20.3016.11-2.88%15.66%9.28%0.07
COF logoCOFCapital One Financial CorporationProduct Competitor124.76B201.5350.0128.39%3.54%2.44%0.45
SYF logoSYFSynchrony FinancialProduct Competitor26.16B75.268.10-7.91%18.08%21.41%0.91
ALLY logoALLYAlly Financial Inc.Product Competitor14.3B45.4919.19-25.75%5.61%5.74%1.40
SOFI logoSOFISoFi Technologies, Inc.Product Competitor22.84B17.9145.9228.78%10.09%5.87%0.17
APEI logoAPEIAmerican Public Education, Inc.Supply Chain967.07M52.7238.763.89%6.13%14.02%0.55
PRDO logoPRDOPerdoceo Education CorporationSupply Chain2.01B32.0313.2424.2%19.91%17.21%0.11

Compare SLM vs Peers

SLM Corporation (SLM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NAVI

Most directly comparable listed peer for SLM.

Scale Benchmark

vs GS

Larger-name benchmark to compare SLM against a more recognizable public peer.

Peer Set

Compare Top 5

vs NAVI, HFBL, COF, SYF

SLM Income Statement

SLM Corporation (SLM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
1.13B1.41B1.62B1.48B1.39B1.49B1.56B1.48B1.5B1.13B
NII Growth %
26.69%25.14%14.88%-8.83%-5.76%6.74%4.93%-5.21%1.42%-90.87%
Net Interest Margin %
5.18%5.3%4.97%4.81%4.77%5.17%5.36%4.92%5.05%3.83%
Interest Income
1.44B1.94B2.33B2.02B1.78B2.03B2.59B2.62B2.63B1.97B
Interest Expense
308.08M522.29M707.72M541.67M382.08M542.8M1.03B1.14B1.13B844.31M
Loan Loss Provision
185.76M244.86M354.25M93.13M-32.96M633.45M345.46M408.51M332.69M309.4M
Non-Interest Income
-2.9M-51.9M48.93M320.12M632.45M334.64M247.12M368.27M482.54M276.52M
Non-Interest Income %
-0.2%-2.76%2.06%13.67%26.25%14.14%8.7%12.33%15.52%12.3%
Total Revenue
1.43B▲ 0%
1.88B▲ 31.3%
2.38B▲ 26.4%
2.34B▼ 1.6%
2.41B▲ 2.9%
2.37B▼ 1.8%
2.84B▲ 20.0%
2.99B▲ 5.2%
3.11B▲ 4.1%
2.25B▲ 0%
Revenue Growth %
25.16%31.31%26.36%-1.6%2.88%-1.79%20%5.21%4.1%-83.63%
Non-Interest Expense
449.09M556.98M574.25M552.97M519.91M559.24M685.57M641.9M655.59M503.74M
Efficiency Ratio
31.31%29.57%24.13%23.61%21.58%23.63%24.14%21.49%21.08%22.41%
Operating Income
491.46M▲ 0%
559.33M▲ 13.8%
743.74M▲ 33.0%
1.15B▲ 55.2%
1.54B▲ 33.5%
630.73M▼ 59.1%
778.3M▲ 23.4%
798.64M▲ 2.6%
992.56M▲ 24.3%
589.44M▲ 0%
Operating Margin %
34.26%29.7%31.25%49.28%63.93%26.66%27.41%26.73%31.92%26.22%
Operating Income Growth %
18.59%13.81%32.97%55.16%33.47%-59.05%23.4%2.61%24.28%-
Pretax Income
491.46M▲ 0%
559.33M▲ 13.8%
743.74M▲ 33.0%
1.15B▲ 55.2%
1.54B▲ 33.5%
630.73M▼ 59.1%
778.3M▲ 23.4%
798.64M▲ 2.6%
992.56M▲ 24.3%
893.84M▲ 0%
Pretax Margin %
34.26%29.7%31.25%49.28%63.93%26.66%27.41%26.73%31.92%39.77%
Income Tax
202.53M71.85M165.46M273.32M379.75M161.71M196.91M190.31M247.72M149.14M
Effective Tax Rate %
41.21%12.85%22.25%23.68%24.65%25.64%25.3%23.83%24.96%16.68%
Net Income
288.93M▲ 0%
487.48M▲ 68.7%
578.28M▲ 18.6%
880.69M▲ 52.3%
1.16B▲ 31.8%
469.01M▼ 59.6%
581.39M▲ 24.0%
608.33M▲ 4.6%
744.85M▲ 22.4%
744.71M▲ 0%
Net Margin %
20.14%25.88%24.3%37.61%48.17%19.82%20.48%20.36%23.95%33.13%
Net Income Growth %
15.42%68.72%18.63%52.3%31.77%-59.59%23.96%4.63%22.44%19.55%
Net Income (Continuing)
288.93M487.48M578.28M880.69M1.16B469.01M581.39M608.33M744.85M744.71M
EPS (Diluted)
0.62▲ 0%
1.07▲ 72.6%
1.34▲ 25.2%
2.25▲ 67.9%
3.61▲ 60.4%
1.76▼ 51.2%
2.41▲ 36.9%
2.68▲ 11.2%
3.46▲ 29.1%
3.76▲ 0%
EPS Growth %
16.98%72.58%25.23%67.91%60.44%-51.25%36.93%11.2%29.1%29.5%
EPS (Basic)
0.631.081.352.273.671.782.442.733.52-
Diluted Shares Outstanding
438.55M439.68M430.67M387.19M319.91M261.5M234.06M219.93M207.16M197.88M

SLM Balance Sheet

SLM Corporation (SLM) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
1.78B2.74B6.05B6.45B6.85B6.96B6.56B6.69B4.29B17.18B
Cash & Due from Banks
1.53B2.56B5.56B4.46B4.33B4.62B4.15B4.7B4.24B5.16B
Short Term Investments
244.09M176.25M487.67M2B2.52B2.34B2.41B1.99B49.25M0
Total Investments
18.81B22.5B25.24B24.15B23B22.09B22.81B22.95B23.19B1.9B
Investments Growth %
22.93%19.62%12.16%-4.33%-4.75%-3.94%3.24%0.61%1.05%-81.27%
Long-Term Investments
18.57B22.33B24.75B22.15B20.48B19.75B20.4B21.01B23.14B69.55B
Accounts Receivables
967.48M1.19B1.39B1.39B1.21B1.2B1.38B1.55B1.56B0
Goodwill & Intangibles
00000118.27M68.71M63.53M59.97M0
Goodwill
0000050.65M56.1M56.1M59.97M0
Intangible Assets
0000067.62M12.61M7.43M00
PP&E (Net)
89.75M105.5M134.75M154.67M150.52M140.73M129.5M119.35M122.19M121.55M
Other Assets
208.28M198.38M239.36M233.75M284.21M257.86M265.72M467.35M394.69M0
Total Current Assets
2.91B4.01B7.56B8.23B8.31B8.54B8.31B8.41B6.03B6.95B
Total Non-Current Assets
18.87B22.63B25.13B22.54B20.92B20.27B20.86B21.66B23.72B180.78M
Total Assets
21.78B▲ 0%
26.64B▲ 22.3%
32.69B▲ 22.7%
30.77B▼ 5.9%
29.22B▼ 5.0%
28.81B▼ 1.4%
29.17B▲ 1.2%
30.07B▲ 3.1%
29.75B▼ 1.1%
29.41B▲ 0%
Asset Growth %
17.52%22.31%22.71%-5.86%-5.03%-1.41%1.24%3.09%-1.08%2.22%
Return on Assets (ROA)
1.43%2.01%1.95%2.78%3.87%1.62%2.01%2.05%2.49%2.52%
Accounts Payable
0000000000
Total Debt
3.28B4.28B4.64B5.19B5.93B5.24B5.23B6.44B5.86B498.89M
Net Debt
1.74B1.73B-920.61M733.92M1.6B619M1.08B1.74B1.62B-4.66B
Long-Term Debt
3.28B4.28B4.35B5.19B5.93B5.24B5.23B6.44B5.36B0
Short-Term Debt
00289.23M00000498.42M498.89M
Other Liabilities
281.6M224.95M254.73M352.33M313.07M400.87M407.97M403.28M373.88M26.47B
Total Current Liabilities
15.75B19.16B24.77B22.67B20.83B21.45B21.65B21.07B21.56B498.89M
Total Non-Current Liabilities
3.56B4.51B4.61B5.54B6.24B5.64B5.64B6.84B5.74B26.47B
Total Liabilities
19.31B23.67B29.37B28.21B27.07B27.08B27.29B27.91B27.29B26.97B
Total Equity
2.47B▲ 0%
2.97B▲ 20.1%
3.31B▲ 11.4%
2.56B▼ 22.6%
2.15B▼ 16.1%
1.73B▼ 19.7%
1.88B▲ 8.9%
2.16B▲ 14.8%
2.45B▲ 13.5%
2.44B▲ 0%
Equity Growth %
5.42%20.14%11.41%-22.62%-16.12%-19.66%8.91%14.84%13.49%28.77%
Equity / Assets (Capital Ratio)
11.36%11.16%10.13%8.33%7.36%5.99%6.45%7.18%8.24%8.29%
Return on Equity (ROE)
11.99%17.9%18.4%29.98%49.25%24.2%32.23%30.11%32.31%31.01%
Book Value per Share
5.646.767.696.626.726.608.049.8211.8312.32
Tangible BV per Share
5.646.767.696.626.726.157.749.5311.5412.32
Common Stock
88.69M89.97M90.72M91.35M86.4M87.03M87.65M88.12M88.65M89.09M
Additional Paid-in Capital
1.22B1.27B1.31B1.33B1.07B1.11B1.15B1.19B1.24B0
Retained Earnings
868.18M1.34B1.85B1.72B2.82B3.16B3.62B4.11B4.73B5.01B
Accumulated OCI
2.75M10.62M-12.37M-34.2M-17.9M-93.87M-75.1M-65.86M-40.13M-38.05M
Treasury Stock
-107.64M-142.59M-324.66M-798.99M-2.06B-2.79B-3.16B-3.42B-3.82B0
Preferred Stock
400M400M400M251.07M251.07M251.07M251.07M251.07M251.07M0

SLM Cash Flow Statement

SLM Corporation (SLM) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-166.91M-102.74M-15.64M-182.67M-49.52M4.99M-144.64M-329.39M575.52M645.61M
Operating CF Growth %
16.93%38.45%84.78%-1067.89%72.89%110.08%-2997.38%-127.74%274.72%20121.92%
Net Income
288.93M487.48M578.28M880.69M1.16B469.01M581.39M608.33M744.85M744.71M
Depreciation & Amortization
11.64M13.83M14.67M15.07M16.04M25.11M84.17M17.65M2.76M4.01M
Deferred Taxes
-58.75M29.51M1.94M81.84M65.82M-88.44M-20.41M000
Other Non-Cash Items
251.76M277.25M372.95M-105.16M-540.09M413.5M224.4M193.76M-172.09M-529.04M
Working Capital Changes
-688.4M-942.33M-1.01B-1.09B-782.46M-848.65M-1.05B-1.15B0424.39M
Cash from Investing
-3.21B-3.25B-2.31B947.33M2.6B1.08B-12.46M675.99M01.09B
Purchase of Investments
-78.33M-15.88M-356.41M-2.08B-1.26B-753.13M-105.97M-91.88M013.43M
Sale/Maturity of Investments
40.04M77.9M50.91M654.51M865.77M960.01M265.65M832.45M04.08B
Net Investment Activity
-38.28M62.02M-305.5M-1.43B-391.36M206.89M159.68M740.57M04.1B
Acquisitions
00016.92M0-127.65M-14.65M000
Other Investing
-3.17B-3.32B-2B28.71M3B998.16M-157.49M-64.58M0-3B
Cash from Financing
2.99B4.4B5.36B-1.88B-2.62B-854.89M-316.23M228.16M-500.21M306.02M
Dividends Paid
-15.71M-15.64M-67.95M-56.09M-65.2M-121.99M-118.94M-117.47M-700M-694.17M
Share Repurchases
-165M0-167.2M-558.17M-1.53B-713.2M-350.26M-247.97M-368.74M-629.7M
Stock Issued
0000000000
Net Stock Activity
-165M0-167.2M-558.17M-1.53B-713.2M-350.26M-247.97M-368.74M-629.7M
Debt Issuance (Net)
1000K1000K1000K1000K1000K-1000K-1000K1000K01000K
Other Financing
1.91B3.42B5.24B-1.8B-1.75B685.84M172.2M-609M568.53M1.04B
Net Change in Cash
-384.45M▲ 0%
1.05B▲ 372.0%
3.04B▲ 190.6%
-1.11B▼ 136.6%
-64.36M▲ 94.2%
227.49M▲ 453.4%
-473.33M▼ 308.1%
574.75M▲ 221.4%
75.31M▼ 86.9%
2.04B▲ 0%
Exchange Rate Effect
0000000000
Cash at Beginning
1.92B1.64B2.68B5.72B4.61B4.55B4.77B4.3B391.48M4.42B
Cash at End
1.53B2.68B5.72B4.61B4.55B4.77B4.3B4.87B466.79M5.38B
Interest Paid
269.02M472.46M666.02M517.44M359.68M482.97M963.26M1.11B0-300.61M
Income Taxes Paid
282.28M228.07M201.79M248.12M261.47M272.94M191.69M243.34M0-11.37M
Free Cash Flow
-166.91M▲ 0%
-102.74M▲ 38.4%
-15.64M▲ 84.8%
2.15B▲ 13831.7%
-49.52M▼ 102.3%
4.99M▲ 110.1%
-144.64M▼ 2997.4%
-329.39M▼ 127.7%
575.52M▲ 274.7%
645.61M▲ 0%
FCF Growth %
16.93%38.45%84.78%13831.71%-102.31%110.08%-2997.38%-127.74%274.72%261.42%

SLM Banking Ratios

SLM Corporation (SLM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
11.99%17.9%18.4%29.98%49.25%24.2%32.23%30.11%32.31%31.01%
Return on Assets (ROA)
1.43%2.01%1.95%2.78%3.87%1.62%2.01%2.05%2.49%2.52%
Net Interest Margin
5.18%5.3%4.97%4.81%4.77%5.17%5.36%4.92%5.05%3.83%
Efficiency Ratio
31.31%29.57%24.13%23.61%21.58%23.63%24.14%21.49%21.08%22.41%
Equity / Assets
11.36%11.16%10.13%8.33%7.36%5.99%6.45%7.18%8.24%8.29%
Book Value / Share
5.646.767.696.626.726.68.049.8211.8312.32
NII Growth
26.69%25.14%14.88%-8.83%-5.76%6.74%4.93%-5.21%1.42%-23.28%
Dividend Payout
--8.84%5.26%5.21%24.08%17.41%16.3%93.98%90.31%
Related:SLM Dividend History·SLM Revenue History·SLM Price History·SLM P/E History·SLM Financial Ratios·SLM Institutional Holders

SLM SEC Filings & Documents

SLM Corporation (SLM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Mar 11, 2026·SEC

Material company update

Mar 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

SLM Frequently Asked Questions

SLM Corporation (SLM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

SLM Corporation (SLM) grew revenue by 4.1% over the past year. Growth has been modest.

Yes, SLM Corporation (SLM) is profitable, generating $744.7M in net income for fiscal year 2025 (24.0% net margin).

Dividend & Returns

Yes, SLM Corporation (SLM) pays a dividend with a yield of 14.67%. This makes it attractive for income-focused investors.

SLM Corporation (SLM) has a return on equity (ROE) of 32.3%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

SLM Corporation (SLM) has a net interest margin (NIM) of 5.0%. This indicates healthy earnings from lending activities.

SLM Corporation (SLM) has an efficiency ratio of 21.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in SLM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in SLM be worth today?

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