SLM Corporation (SLMBP) — Financial statements
Income statement, balance sheet, and cash flow for SLM Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,110↑4.1% | 2,987↑5.2% | 2,839↑20.0% | 2,366↓1.8% | 2,409 | |
| Cost of Revenue | 1,458↓5.7% | 1,547↑12.4% | 1,376↑16.9% | 1,176↑236.9% | 349 | |
| Gross Profit | 1,652↑14.7% | 1,441↓1.6% | 1,464↑23.0% | 1,190↓42.2% | 2,060 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 380↓5.2% | 401↑7.7% | 372↑27.8% | 291↑3.4% | 282 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 380↓5.2% | 401↑7.7% | 372↑27.8% | 291↑3.4% | 282 | |
| Other Expenses | 275↑14.4% | 241↓23.1% | 313↑16.9% | 268↑12.5% | 238 | |
| Operating Expenses | 656↑2.1% | 642↓6.4% | 686↑22.6% | 559↑7.6% | 520 | |
| Total Costs & Expenses | 2,114↓3.4% | 2,189↑6.2% | 2,061↑18.8% | 1,735↑99.7% | 869 | |
| Operating Results | ||||||
| Operating Income | 993↑24.3% | 799↑2.6% | 778↑23.4% | 631↓59.1% | 1,540 | |
| Depreciation & Amortization | 3↓84.4% | 18↓0.9% | 18↑2.8% | 17↑8.0% | 16 | |
| EBITDA | 995↑21.9% | 816↑2.5% | 796↑22.8% | 648↓58.4% | 1,556 | |
| EBIT | 993↑24.3% | 799↑2.6% | 778↑23.4% | 631↓59.1% | 1,540 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1,502↑1.4% | 1,481↓5.2% | 1,562↑4.9% | 1,489↑6.7% | 1,395 | |
| Interest Income | 2,627↑0.3% | 2,619↑1.0% | 2,592↑27.6% | 2,032↑14.3% | 1,777 | |
| Interest Expense | 1,125↓1.1% | 1,138↑10.5% | 1,030↑89.8% | 543↑42.1% | 382 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 993↑24.3% | 799↑2.6% | 778↑23.4% | 631↓59.1% | 1,540 | |
| Income Tax Expense | 248↑30.2% | 190↓3.3% | 197↑21.8% | 162↓57.4% | 380 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 745↑22.4% | 608↑4.6% | 581↑24.0% | 469↓59.6% | 1,161 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 745↑22.4% | 608↑4.6% | 581↑24.0% | 469↓59.6% | 1,161 | |
| Bottom-Line Net Income | 729↑23.6% | 590↑4.7% | 564↑22.5% | 460↓60.2% | 1,156 | |
| EPS (Basic) | 3.52↑28.9% | 2.73↑11.9% | 2.44↑37.1% | 1.78↓51.5% | 3.67 | |
| EPS (Diluted) | 3.46↑29.1% | 2.68↑11.2% | 2.41↑36.9% | 1.76↓51.2% | 3.61 | |
| Weighted Average Shares | 207↓4.2% | 216↓6.6% | 231↓10.5% | 258↓18.0% | 315 | |
| Weighted Average Diluted Shares | 207↓5.8% | 220↓6.0% | 234↓10.5% | 262↓18.3% | 320 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.