SLM Corp
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $58.5M | $308.0M | $233.2M | $135.9M | $71.3M | $304.5M | $111.6M | $-45.2M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $4.1M | $4.3M | $4.2M | $4.0M | $4.0M | $4.0M | $4.2M | $4.2M |
| Amortization | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $2.0M | $1.0M |
| Stock-Based Compensation | $11.8M | $14.8M | $9.0M | $8.9M | $9.3M | $13.3M | $8.3M | $8.4M |
| Net Cash from Operating Activities | $-134.8M | $-76.0M | $-64.5M | $-49.3M | $-138.7M | $-146.1M | $4.5M | $-113.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $540.2M | $1.59B | $838.6M | $-253.8M | $-35.0M | $496.9M | $268.7M | $-1.81B |
| Financing Activities | ||||||||
| Dividends Paid | $24.5M | $25.6M | $26.2M | $26.9M | $27.2M | $27.5M | $27.3M | $23.5M |
| Stock Repurchases | $3.1M | $290.7M | $123.8M | $143.5M | $71.7M | $29.7M | $47.1M | $114.4M |
| Net Cash from Financing Activities | $-991.7M | $-550.4M | $-88.1M | $-220.6M | $561.4M | $-1.36B | $-59.5M | $1.18B |
| Net Change in Cash | $-586.4M | $962.8M | $686.0M | $-523.7M | $387.7M | $-1.01B | $213.7M | $-744.2M |
| Free Cash Flow | — | — | — | — | — | — | — | — |