Synchrony Q1 earnings up 6%, unveils $6.5B buyback with no expiration and 13% dividend hike

Filed April 23, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~1 min read

Key Changes

• high

  Board approved $6.5 billion share repurchase program (up from $2.5B) with no expiration date, replacing prior program set to expire June 2026. Quarterly dividend raised 13% to $0.34 from $0.30, signaling strong capital generation.

  MD&A: Capital Return verify on EDGAR →
• high

  Net charge-off rate improved 96 basis points to 5.42% from 6.38% year-over-year. Management expects full-year 2026 rate below long-term target of 5.5%-6.0%, indicating better credit quality.

  MD&A: Credit Performance verify on EDGAR →
• high

  Purchase volume grew 5.6% versus 3.9% decline in prior-year quarter, driven by partner expansion and higher spend per active account. Reversal reflects improved consumer engagement.

  MD&A: Purchase Volume verify on EDGAR →