SLM Corporation (SLM) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2013)
SLM's revenue distribution by segment and geography for fiscal year 2013
By Product/Segment
SLM Revenue Analysis (2013–2024)
As of March 2, 2026, SLM Corporation (SLM) generated trailing twelve-month (TTM) revenue of $3.07 billion, reflecting exceptional growth of +22.6% year-over-year. The most recent quarter (Q3 2025) recorded $830.3 million in revenue, up 21.5% sequentially.
Looking at the longer-term picture, SLM's 5-year compound annual growth rate (CAGR) stands at +4.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $2.99 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows SLM's business is primarily driven by Business Services (64%), Core Earnings (26%), and Ffelp Loans (7%). With over half of revenue concentrated in Business Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including SOFI, JSM, and NNI. Compare SLM vs SOFI →
Peer Comparison
Compare SLM's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SLMCurrent | $3.1B | +22.6% | +4.7% | 26.7% | |
| SOFI | $3.7B | - | - | 6.3% | |
| JSM | $3.8B | - | - | 73.9% | |
| NNI | $822M | - | - | - | |
| NAVI | $4.2B | - | - | 4.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $2.99B | - | $1.44B | 48.2% | $798.6M | 26.7% |
| 2023 | $2.84B | - | $1.46B | 51.6% | $778.3M | 27.4% |
| 2022 | $2.37B | - | $1.19B | 50.3% | $630.7M | 26.7% |
| 2021 | $2.41B | - | $2.06B | 85.5% | $1.54B | 63.9% |
| 2020 | $2.34B | - | $1.71B | 72.9% | $1.15B | 49.3% |
| 2019 | $2.38B | - | $1.32B | 55.4% | $743.7M | 31.3% |
| 2018 | $1.88B | - | $1.12B | 59.3% | $559.3M | 29.7% |
| 2017 | $1.43B | - | $940.6M | 65.6% | $491.5M | 34.3% |
| 2016 | $1.15B | - | $800.7M | 69.9% | $414.4M | 36.2% |
| 2015 | $1.01B | - | $795.0M | 78.4% | $439.1M | 43.3% |
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Start ComparisonFrequently Asked Questions
Is SLM's revenue growth accelerating or slowing?
SLM revenue is accelerating at +22.6% year-over-year, exceeding the 5-year CAGR of +4.7%. TTM revenue reached $3.1B. Growth momentum has increased versus prior periods.
What is SLM's long-term revenue growth rate?
SLM Corporation's 5-year revenue CAGR of +4.7% reflects the sustained expansion pattern. Current YoY growth of +22.6% is above this long-term average.
How is SLM's revenue distributed by segment?
SLM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.