SLM Corp
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.98B | $1.85B | $1.81B | $1.82B | $2.03B | $1.81B | $1.67B | $1.36B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $992.6M | $798.6M | $1.81B | $1.17B | $1.92B | $1.70B | $1.45B | $1.08B |
| Operating Margin | 50.0% | 43.2% | 99.9% | 64.4% | 94.8% | 93.6% | 86.8% | 79.5% |
| Interest Expense | — | — | $1.03B | $542.8M | $382.1M | $541.7M | $707.7M | $522.3M |
| Pretax Income | $992.6M | $798.6M | $778.3M | $630.7M | $1.54B | $1.15B | $743.7M | $559.3M |
| Income Tax Expense | $247.7M | $190.3M | $196.9M | $161.7M | $379.8M | $273.3M | $165.5M | $71.9M |
| Net Income | $744.8M | $608.3M | $581.4M | $469.0M | $1.16B | $880.7M | $578.3M | $487.5M |
| Net Margin | 37.5% | 32.9% | 32.1% | 25.7% | 57.2% | 48.6% | 34.6% | 35.8% |
| EPS (Basic) | $3.52 | $2.73 | $2.44 | $1.78 | $3.67 | $2.27 | $1.31 | $1.08 |
| EPS (Diluted) | $3.46 | $2.68 | $2.41 | $1.76 | $3.61 | $2.25 | $1.30 | $1.07 |
| Shares Outstanding (Basic) | 207.2M | 216.2M | 231.4M | 258.4M | 315.0M | 383.7M | 427.3M | 435.1M |
| Shares Outstanding (Diluted) | 210.9M | 219.9M | 234.1M | 261.5M | 319.9M | 387.2M | 430.7M | 439.7M |
| Dividends Per Share | $0.52 | $0.46 | $0.44 | $0.44 | $0.20 | $0.12 | $0.12 | $0.00 |