SYF Q2 FY26: Net earnings flat at $1.8B; $1.8B buyback, $500M preferred issued, dividend up 13%

Filed July 23, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 23, 2025 · ~1 min read

Key Changes

• high

  Repurchased $1.8B of common stock YTD (up 64% from $1.1B prior year), reducing shares outstanding from 380.7M to 336.8M. Board approved new $5.7B buyback program with no expiration, replacing prior $2.5B program.

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

  Issued $500M Series C preferred stock at 7.250% in June 2026 and raised quarterly dividend to $0.34/share (up 13% from $0.30), signaling confidence in capital generation.

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

  Acquired $0.7B Lowe's commercial co-branded portfolio in April 2026, expanding Home & Auto platform into commercial credit segment.

  MD&A: Business Trends verify on EDGAR →