SLM Corp (SLM) Financial Statements
Industry: Personal Credit Institutions
In fiscal 2025, SLM reported revenue of $1.98B, up 7.3% from $1.85B the year before. Net income was $744.8M (a 37.5% net margin), or $3.46 per diluted share. Net interest income was $1.50B, and the efficiency ratio (noninterest expense / revenue) was 33.2%. Operating activities generated -$398.6M of cash. At fiscal year end, SLM held $29.75B in total assets against $27.29B in total liabilities, including $4.24B of cash and equivalents.
Open the full interactive SLM financials → Quarterly statements, key ratios, valuation history and price charts.
SLM Key Stats
| Share Price | $22.70 |
|---|---|
| Market Cap | $4.32B |
| P/E Ratio | 6.6 |
| Revenue YoY Growth | +7.3% |
| 52-Week Range | $18.41 – $30.31 |
| Shares Outstanding | 188.6 million (basic, 2026 Q2) |
SLM Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $1.48B | $1.39B | $1.49B | $1.56B | $1.48B | $1.50B |
| Provision for Credit Losses | $93.1M | -$33.0M | $633.5M | $345.5M | $408.5M | $332.7M |
| Noninterest Income | $331.4M | $632.4M | $334.6M | $247.1M | $368.3M | $482.6M |
| Noninterest Expense | $564.3M | $519.9M | $559.2M | $685.6M | $641.9M | $659.1M |
| Revenue | $1.81B | $2.03B | $1.82B | $1.81B | $1.85B | $1.98B |
| Pre-Tax Income | $1.15B | $1.54B | $630.7M | $778.3M | $798.6M | $992.6M |
| Income Tax | $273.3M | $379.8M | $161.7M | $196.9M | $190.3M | $247.7M |
| Net Income | $880.7M | $1.16B | $469.0M | $581.4M | $608.3M | $744.8M |
| Diluted EPS | $2.25 | $3.61 | $1.76 | $2.41 | $2.68 | $3.46 |
SLM Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $545.7M | $454.1M | $560.0M | $401.1M |
| Net Income | $135.8M | $233.2M | $308.0M | $58.5M |
| Diluted EPS | $0.63 | $1.11 | $1.54 | $0.29 |
SLM Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.46B | $4.33B | $4.62B | $4.15B | $4.70B | $4.24B |
| Loans (Net) | — | $20.34B | $19.63B | $20.31B | $20.90B | $20.33B |
| Total Assets | $30.77B | $29.22B | $28.81B | $29.17B | $30.07B | $29.75B |
| Deposits | $22.67B | $20.83B | $21.45B | $21.65B | $21.07B | $21.06B |
| Total Long-Term Debt | $14.34B | $13.66B | $12.57B | $12.51B | $6.44B | $11.23B |
| Total Liabilities | $28.21B | $27.07B | $27.08B | $27.29B | $27.91B | $27.29B |
| Shareholders' Equity | $2.56B | $2.15B | $1.73B | $1.88B | $2.16B | $2.45B |
SLM Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$182.7M | -$49.5M | $5.0M | -$144.6M | -$329.4M | -$398.6M |
| Cash From Investing | $947.3M | $2.60B | $1.08B | -$12.5M | $676.0M | $1.05B |
| Cash From Financing | -$1.88B | -$2.62B | -$854.9M | -$316.2M | $228.2M | -$1.10B |
Figures from SLM's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SLM financials page for every line item.
SLM Company Profile
| Ticker | SLM |
|---|---|
| Exchange | Nasdaq |
| Industry | Personal Credit Institutions |
| Headquarters | Newark, Delaware |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001032033 |
Frequently Asked Questions
What was SLM's revenue in fiscal 2025?
SLM (SLM) reported revenue of $1.98B for fiscal 2025.
What is SLM's annual revenue history?
SLM's annual revenue by fiscal year: 2020: $1.81B; 2021: $2.03B; 2022: $1.82B; 2023: $1.81B; 2024: $1.85B; 2025: $1.98B.
What was SLM's net income in fiscal 2025?
SLM reported net income of $744.8M for fiscal 2025.
What was SLM's earnings per share (EPS) in fiscal 2025?
SLM's diluted EPS was $3.46 for fiscal 2025 (adjusted for any later stock splits).
What was SLM's revenue last quarter?
In its most recent reported quarter (2026 Q2), SLM reported revenue of $401.1M.
How much debt does SLM have?
SLM reported $11.23B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of SLM are outstanding?
SLM reported a weighted average of 188.6 million basic shares outstanding in 2026 Q2.
What is SLM's market cap?
Based on its latest closing price, SLM (SLM) has a market capitalization of about $4.32B.
When does SLM's fiscal year end?
SLM's fiscal year end, as registered with the SEC, is December 31.
Where is SLM headquartered?
SLM lists its business address in Newark, Delaware in its SEC filings.