SLM Corp
SLM- Exchange
- Nasdaq
- Industry
- Personal Credit Institutions
- SEC CIK
- 0001032033
No open-market purchases or sales by SLM Corp insiders were filed in the last 90 days; 393 institutions reported holding it in 13F filings for Q2 2026, worth $5.44B in total; no superinvestor holds it.
Other share classesSLMBP
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 23, 2026, 1:08 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 24, 2024 | Feb 1, 2023 | Jan 26, 2022 |
| Revenue | $2.63B | $2.62B | $2.59B | $2.03B | $1.78B |
| Operating expenses | – | – | – | – | $518.7M |
| Interest expense | – | – | $1.03B | $542.8M | $382.1M |
| Income tax | $247.7M | $190.3M | $196.9M | $161.7M | $379.8M |
| Net income | $744.8M | $608.3M | $581.4M | $469.0M | $1.16B |
| EPS, basic | $3.52 | $2.73 | $2.44 | $1.78 | $3.67 |
| EPS, diluted | $3.46 | $2.68 | $2.41 | $1.76 | $3.61 |
| Weighted shares, basic | 207.2M | 216.2M | 231.4M | 258.4M | 315.0M |
| Weighted shares, diluted | 210.9M | 219.9M | 234.1M | 261.5M | 319.9M |
| Margins and growth | |||||
| Net margin | 28.4% | 23.2% | 22.4% | 23.1% | 65.3% |
| Revenue growth, year over year | +0.3% | +1.0% | +27.6% | +14.3% | −12.1% |
| Net income growth, year over year | +22.4% | +4.6% | +24.0% | −59.6% | +31.8% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 24, 2024 | Feb 1, 2023 | Jan 26, 2022 |
| Cash and equivalents | $4.24B | $4.70B | $4.15B | $4.62B | $4.33B |
| Property, plant and equipment | $122.2M | $119.4M | $129.5M | $140.7M | $150.5M |
| Goodwill | $56.0M | $56.0M | $56.0M | $51.0M | – |
| Intangible assets | $3.87M | $7.43M | $12.6M | $67.6M | – |
| Total assets | $29.7B | $30.1B | $29.2B | $28.8B | $29.2B |
| Short-term debt | $498.4M | $0 | $0 | $0 | $0 |
| Long-term debt | $5.36B | $6.44B | $5.23B | $5.24B | $5.93B |
| Total liabilities | $27.3B | $27.9B | $27.3B | $27.1B | $27.1B |
| Shareholders' equity | $2.45B | $2.16B | $1.88B | $1.73B | $2.15B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 24, 2024 | Feb 1, 2023 | Jan 26, 2022 |
| Operating cash flow | -$398.6M | -$329.4M | -$144.6M | $4.99M | -$49.5M |
| Stock-based compensation | $40.6M | $40.0M | $36.4M | $34.5M | $30.6M |
| Dividends paid | $107.7M | $99.2M | $101.2M | $113.0M | $60.5M |
| Share buybacks | $368.7M | $248.0M | $350.3M | $713.2M | $1.53B |
| Investing cash flow | $1.05B | $676.0M | -$12.5M | $1.08B | $2.60B |
| Financing cash flow | -$1.10B | $228.2M | -$316.2M | -$854.9M | -$2.62B |
| Net change in cash | -$455.7M | $574.8M | -$473.3M | $227.5M | -$64.4M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.5% | 1.5% | 1.4% | 1.7% | 1.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 182.8M | −10.0% | SEC |
| Jun 30, 2026 | 187.9M | −9.8% | SEC |
| Mar 31, 2026 | 188.6M | −10.5% | SEC |
| Jan 31, 2026 | 198.2M | −5.8% | SEC |
| Sep 30, 2025 | 203.0M | −4.4% | SEC |
| Jun 30, 2025 | 208.5M | −4.1% | SEC |
| Mar 31, 2025 | 210.7M | −4.3% | SEC |
| Jan 31, 2025 | 210.4M | −4.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.