SLM Corporation (SLM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 0 | 472.88M | 366.22M | 254.88M | 557.73M | 281.79M | 112.46M | 497.15M | 549.13M | 427.4M | 210.84M | 512.96M | 312.67M | 43.53M | 257.01M | 590.52M | 298.91M | 538.2M | 232.99M | 321.45M |
| Gross Margin % | - | 64.44% | 44.11% | 37.29% | 64.69% | 40.89% | 16.61% | 63.47% | 65.55% | 58.9% | 31.17% | 65.94% | 47.42% | 8.02% | 41.79% | 81.87% | 61.38% | 87.66% | 50.49% | 66% |
| Gross Profit Growth % | -100% | 67.81% | 225.64% | -48.73% | 1.57% | -34.07% | -46.66% | -3.08% | 75.63% | 881.9% | -17.96% | -13.13% | 4.6% | -91.91% | 10.31% | 83.7% | -69.19% | -21.3% | -38.34% | 2139.95% |
| Operating Expenses | 0 | 156.09M | 180.4M | 167.24M | 154.61M | 149.63M | 172.02M | 158.6M | 161.65M | 202.11M | 170.24M | 156.41M | 156.81M | 140.06M | 152.29M | 134.15M | 132.74M | 128.28M | 140.76M | 128.08M |
| OpEx % of Revenue | - | 21.27% | 21.73% | 24.47% | 17.93% | 21.71% | 25.4% | 20.25% | 19.3% | 27.85% | 25.16% | 20.11% | 23.78% | 25.8% | 24.76% | 18.6% | 27.26% | 20.89% | 30.5% | 26.3% |
| Selling, General & Admin | 0 | 92.01M | 90.18M | 94.68M | 103.23M | 93.68M | 100.54M | 96.99M | 109.79M | 89.2M | 95.86M | 88.08M | 99.18M | 76.8M | 69.59M | 67.24M | 77.67M | 63.63M | 72.75M | 68.54M |
| SG&A % of Revenue | - | 12.54% | 10.86% | 13.85% | 11.97% | 13.59% | 14.85% | 12.38% | 13.11% | 12.29% | 14.17% | 11.32% | 15.04% | 14.14% | 11.32% | 9.32% | 15.95% | 10.36% | 15.76% | 14.07% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 0 | 316M | 185.81M | 87.63M | 403.12M | 132.17M | -59.56M | 338.55M | 387.49M | 225.29M | 40.61M | 356.55M | 155.86M | -96.53M | 104.72M | 456.37M | 166.17M | 409.93M | 92.23M | 193.38M |
| Operating Margin % | - | 43.06% | 22.38% | 12.82% | 46.76% | 19.18% | -8.8% | 43.22% | 46.25% | 31.05% | 6% | 45.83% | 23.64% | -17.78% | 17.03% | 63.27% | 34.12% | 66.76% | 19.99% | 39.7% |
| Operating Income Growth % | -100% | 139.09% | 411.97% | -74.11% | 4.03% | -41.33% | -246.68% | -5.05% | 148.62% | 333.37% | -61.22% | -21.87% | -6.21% | -123.55% | 13.54% | 136% | -80.33% | -26.8% | -59.23% | 266.88% |
| EBITDA | 0 | 316M | 190.69M | 92.5M | 408.09M | 132.5M | -54.12M | 344.5M | 393.4M | 288.71M | 47.7M | 363.41M | 162.65M | -89.74M | 111.4M | 463.09M | 171.09M | 414.52M | 96.13M | 197.21M |
| EBITDA Margin % | - | 43.06% | 22.97% | 13.53% | 47.34% | 19.23% | -7.99% | 43.98% | 46.96% | 39.79% | 7.05% | 46.71% | 24.67% | -16.53% | 18.11% | 64.2% | 35.13% | 67.51% | 20.83% | 40.49% |
| EBITDA Growth % | -100% | 138.5% | 452.38% | -73.15% | 3.73% | -54.11% | -213.45% | -5.2% | 141.87% | 421.7% | -57.18% | -21.52% | -4.93% | -121.65% | 15.88% | 134.82% | -79.83% | -26.46% | -58.19% | 275.99% |
| D&A (Non-Cash Add-back) | 0 | 0 | 4.88M | 4.87M | 4.97M | 329K | 5.45M | 5.96M | 5.92M | 63.42M | 7.09M | 6.87M | 6.8M | 6.79M | 6.68M | 6.72M | 4.92M | 4.6M | 3.9M | 3.83M |
| EBIT | 0 | 316M | 185.81M | 87.63M | 403.12M | 132.17M | -59.56M | 338.55M | 387.49M | 225.29M | 40.61M | 356.55M | 155.86M | -96.53M | 104.72M | 456.37M | 166.17M | 409.93M | 92.23M | 193.38M |
| Net Interest Income | 0 | 377.06M | 372.98M | 376.82M | 374.97M | 362.19M | 359.4M | 372.17M | 387.02M | 385.89M | 384.63M | 386.63M | 405.07M | 381.43M | 369.51M | 362.81M | 375.03M | 367.35M | 357.52M | 338.78M |
| Interest Income | 0 | 656.82M | 657.59M | 656.76M | 656.09M | 661.37M | 652.64M | 641.48M | 663.56M | 668.55M | 652.25M | 633.9M | 637.6M | 583.6M | 519.91M | 463.03M | 465.04M | 458.44M | 447.56M | 434.69M |
| Interest Expense | 0 | 279.76M | 284.61M | 279.94M | 281.12M | 299.18M | 293.24M | 269.3M | 276.54M | 282.66M | 267.62M | 247.27M | 232.53M | 202.17M | 150.4M | 100.22M | 90.01M | 91.09M | 90.04M | 95.91M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 304.4M | 316M | 185.81M | 87.63M | 403.12M | 132.17M | -59.56M | 338.55M | 387.49M | 225.29M | 40.61M | 356.55M | 155.86M | -96.53M | 104.72M | 456.37M | 166.17M | 409.93M | 92.23M | 193.38M |
| Pretax Margin % | - | 43.06% | 22.38% | 12.82% | 46.76% | 19.18% | -8.8% | 43.22% | 46.25% | 31.05% | 6% | 45.83% | 23.64% | -17.78% | 17.03% | 63.27% | 34.12% | 66.76% | 19.99% | 39.7% |
| Income Tax | 0 | 82.81M | 49.96M | 16.36M | 98.58M | 20.61M | -14.41M | 86.55M | 97.55M | 56.84M | 11.24M | 91.48M | 37.34M | -19.49M | 29.55M | 114.3M | 37.36M | 103.66M | 19.39M | 53.17M |
| Effective Tax Rate % | 0% | 26.21% | 26.89% | 18.67% | 24.45% | 15.6% | 24.19% | 25.57% | 25.18% | 25.23% | 27.68% | 25.66% | 23.96% | 20.19% | 28.22% | 25.04% | 22.48% | 25.29% | 21.03% | 27.5% |
| Net Income | 304.4M | 233.19M | 135.85M | 71.27M | 304.54M | 111.55M | -45.15M | 251.99M | 289.93M | 168.44M | 29.36M | 265.06M | 118.52M | -77.04M | 75.17M | 342.07M | 128.81M | 306.26M | 72.84M | 140.2M |
| Net Margin % | - | 31.77% | 16.36% | 10.43% | 35.32% | 16.19% | -6.67% | 32.17% | 34.61% | 23.21% | 4.34% | 34.07% | 17.98% | -14.19% | 12.22% | 47.43% | 26.45% | 49.88% | 15.78% | 28.79% |
| Net Income Growth % | -0.05% | 109.04% | 400.87% | -71.72% | 5.04% | -33.77% | -253.76% | -4.93% | 144.63% | 318.63% | -60.94% | -22.51% | -7.99% | -125.16% | 3.2% | 143.99% | -79.91% | -29.22% | -57.41% | 264.53% |
| Net Income (Continuing) | 304.4M | 233.19M | 135.85M | 71.27M | 304.54M | 111.55M | -45.15M | 251.99M | 289.93M | 168.44M | 29.36M | 265.06M | 118.52M | -77.04M | 75.17M | 342.07M | 128.81M | 306.26M | 72.84M | 140.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.54 | 1.11 | 0.63 | 0.32 | 1.40 | 0.50 | -0.23 | 1.11 | 1.27 | 0.72 | 0.11 | 1.10 | 0.47 | -0.33 | 0.30 | 1.29 | 0.45 | 1.05 | 0.24 | 0.44 |
| EPS Growth % | 10% | 122% | 373.91% | -71.17% | 10.24% | -30.56% | -309.09% | 0.91% | 170.21% | 318.18% | -63.33% | -14.73% | 4.44% | -131.43% | 25% | 193.18% | -74.29% | -7.89% | -46.67% | 291.3% |
| EPS (Basic) | 1.56 | 1.13 | 0.64 | 0.32 | 1.43 | 0.51 | -0.23 | 1.13 | 1.29 | 0.73 | 0.11 | 1.11 | 0.47 | -0.33 | 0.29 | 1.30 | 0.46 | 1.06 | 0.24 | 0.45 |
| Diluted Shares Outstanding | 197.88M | 207.16M | 207.14M | 209.28M | 214.99M | 216.22M | 214.87M | 222.47M | 223.84M | 226.55M | 226.12M | 237.59M | 243.55M | 244.62M | 253.72M | 264.12M | 280.65M | 292.76M | 299.89M | 317.12M |
| Basic Shares Outstanding | 195.46M | 207.16M | 207.14M | 209.28M | 210.68M | 210.74M | 214.87M | 218.92M | 220.42M | 223.22M | 226.12M | 235.06M | 241.5M | 244.62M | 251.27M | 261.33M | 276.98M | 287.83M | 299.89M | 317.12M |
| Dividend Payout Ratio | - | 265.23% | 19.8% | 38.1% | 9.02% | 24.51% | - | 9.53% | 8.37% | 14.5% | 84.72% | 9.55% | 22.47% | - | 36.77% | 8.21% | 23.67% | 10.24% | 12.27% | 6.61% |