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Bread Financial Holdings, Inc. (BFH) stock

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NYSE: BFH NYSE Consumer Finance Next results ~January 28, 2027

B Fundamentals grade

Bread Financial Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 3 selling4 purchases and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds192 adding, 197 cuttingOf 61 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Bread Financial Holdings files

10-Q filed October 27: Bread Financial

Revenue for the twelve months to September 2026 was $4.00bn, up 5.5% on a year earlier, faster than the 3.9% growth a quarter earlier. The diluted share count is down 13.2% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C+ to B. The rating stays Buy.

Our model value for Bread Financial Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 27, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 28: Bread Financial

Revenue for the twelve months to June 2026 reached $4.00bn, a gain of 5.5% on a year earlier. That marks an acceleration from the 3.9% growth recorded a quarter earlier. The diluted share count has fallen 13.2% over the same period, which lifts the value attaching to each remaining share. Against a current share price of $102, that leaves a clear gap. The rating stays Buy.

10-Q on SEC EDGAR

Where Bread Financial stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.96bn, up 3.9% on a year earlier, faster than the 2.0% growth a quarter earlier. The diluted share count is down 10.6% on a year earlier, which lifts each remaining share.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Bread Financial Holdings, Inc.'s trailing-twelve-month revenue grew 5.5% year on year, with a free-cash-flow margin of 52.8%. Where it stands out: change in share count of -13.2% ranks 2 of 38 consumer finance companies we cover.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 52.8% is in the 97th percentile of its own history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 37.6% of revenue is left as operating profit.
  • Margins widening. Operating margin is up 18.3 points on a year ago.
  • Strong cash generation. 52.8% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 13.2% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $4.0bn.

Things to watch

  • Gross margin slipping. Gross margin is down 3.7 points on a year ago.

Latest results: FY2026 Q3

Filed October 27, 2026
Earnings per share
$3.84 against an average estimate of $3.23: beat by 18.8%
Revenue
$1.02bn, up 4.7% on a year earlier
Share reaction
-8.0% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
average loan growth growth 4% (full year 2026); total revenue growth growth 5% (full year 2026)
Next report
January 28, 2027; average EPS estimate $1.52

Bread Financial Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.6%
  • 1 week+5.3%
  • 1 month+9.3%
  • This year+45.9%
  • 1 year+73.0%
  • 5 years+68.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Net margin
13.4%
EPS (TTM, diluted)
$12.69

Growth

Revenue growth
+5.5%
Change in growth rate
+1.5 pts
Share count change
−13.2%

Earnings

Last results
October 22, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Our research
  4. Announcement
  5. Results
  6. Guidance
  7. Announcement
  8. Agreement
  9. Announcement
  10. Announcement
  11. Results
  12. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bread Financial Holdings, Inc. valuation models and calculator

No model value for Bread Financial Holdings, Inc. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Bread Financial Holdings, Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$180 ~$130–$270 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$170 ~$150–$200 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$140 ~$93–$190 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$69 ~$89–$130 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$130 ~$130–$160 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$180 ~$150–$220 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bread Financial Holdings, Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

59 /100

Moderate moat

How hard Bread Financial Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 2.0% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 42.1%, moving by 12.1 percentage points (standard deviation) across 10 years.

  • Durability 18 / 20

    Operating margin has been a median 24.3%; its worst year was 18.0%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 41.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 14.6% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, before the open. Analysts expect revenue of $1.0bn and EPS of $1.52 (range $1.26 to $2.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $13.05 +7% $4.0bn +5%
Next $13.86 +6% $4.2bn +3%

Next year's EPS estimate has moved +3.7% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +6.8% on 90 days ago. In the last 30 days, 4 analysts raised Bread Financial Holdings, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Bread Financial Holdings, Inc., last 90 days
$12.00 $12.50 $13.00 $13.50 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $12.22 Current fiscal year, 60 days ago: $12.22 Current fiscal year, 30 days ago: $12.38 Current fiscal year, 7 days ago: $12.92 Current fiscal year, Now: $13.05 $13.05 Next fiscal year, 90 days ago: $13.37 Next fiscal year, 60 days ago: $13.37 Next fiscal year, 30 days ago: $13.65 Next fiscal year, 7 days ago: $13.84 Next fiscal year, Now: $13.86 $13.86

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $12.22$13.37
60 days ago $12.22$13.37
30 days ago $12.38$13.65
7 days ago $12.92$13.84
Now $13.05$13.86

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $3.23 $3.84 +18.8%
Jun 2026 $2.77 $3.55 +28.3%
Mar 2026 $3.05 $4.18 +37.0%
Dec 2025 $0.48 $2.07 +334.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • Total revenue growth full year 2026 about 5% growth
    “We now anticipate total revenue growth to be up approximately 5% from full year 2025, primarily driven by average loan growth.” source
  • Average loan growth full year 2026 about 4% growth
    “Based on visibility into our pipeline and partner growth, we now expect average loans to be up approximately 4% from full year 2025.” source
  • Net loss rate 2026 about 7% Lowered
    “We now anticipate a 2026 net loss rate below 7.0%.” source
  • Full year normalized effective tax rate full year 2026 25% to 27% Non-GAAP
    “We expect our full year normalized effective tax rate to be in the range of 25% to 27%, with quarter-over-quarter variability due to the timing of certain discrete items.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

17 analysts, Nov 2026
Buy847%
Hold847%
Sell16%

Monthly trend

  1. Nov 20267817
  2. Oct 20267817
  3. Sep 20267817
  4. Aug 20268717

Counts of recommendations published by analysts covering Bread Financial Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.2%
of tradable shares
Days to cover
0.07
at average volume
Short interest, 1 month
−98%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.5%
of shares
Employees
6,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +73.0%

$61.95 on October 31, 2025 to $107.16

ThenNowEffect
Revenue (last 12 months) $3.8bn $4.0bn +3.9%
Net margin 7.5% 14.4% +91.4%
P/E multiple 10.7x 8.4x −22.2%
Share count 50m 44m +11.8%

Biggest factor: net margin.

Last 3 years +285.2%

$27.82 on November 3, 2023 to $107.16

ThenNowEffect
Revenue (last 12 months) $4.3bn $4.0bn −7.0%
Net margin 11.8% 14.4% +21.6%
P/E multiple 2.8x 8.4x +201.5%
Share count 50m 44m +13.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BFH+14%−42%−10%+89%+23%+46%
Industry peers (median)+44%−33%+15%+19%+20%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BFH58%42%58%75%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BFH−34%−60%−46%−21%−35%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 92% from November 4, 2015 to March 18, 2020. Getting back needed a 1174% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$59.52 – $113.15
From 52-week high
−5.3%
vs 50-day average
+3.2%
vs 200-day average
+16.9%
Volatility (1 year)
39%
Beta vs S&P 500
1.18

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.7%
After a week
6 up, 6 down
typical move ±6.6%
After a month
8 up, 3 down
typical move ±10.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −8.0% −1.7% −2.7% —
July 23, 2026 +2.4% −1.1% +8.6% +4.0%
April 23, 2026 −6.8% +0.4% −8.3% −6.3%
January 29, 2026 +6.4% −0.5% +13.2% +5.9%
October 23, 2025 +8.2% +1.4% +2.3% +7.3%
July 24, 2025 −1.4% +0.5% −4.5% −2.5%
April 24, 2025 +2.1% +2.8% −0.2% +6.1%
January 30, 2025 −0.5% 0.0% −1.4% −18.4%
October 24, 2024 −3.2% +0.2% −2.3% +14.2%
July 25, 2024 +9.3% +0.6% +0.9% +12.9%
April 25, 2024 +4.1% +0.6% +16.0% +18.5%
January 25, 2024 +16.3% +0.4% +19.1% +21.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bread Financial Holdings, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bread Financial Holdings, Inc.
$3.6B $3.8B $4B $4.2B $4.4B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $4.3B Revenue (TTM), FY24 Q1: $4B Revenue (TTM), FY24 Q2: $4B Revenue (TTM), FY24 Q3: $3.9B Revenue (TTM), FY24 Q4: $3.8B Revenue (TTM), FY25 Q1: $3.8B Revenue (TTM), FY25 Q2: $3.8B Revenue (TTM), FY25 Q3: $3.8B Revenue (TTM), FY25 Q4: $3.8B Revenue (TTM), FY26 Q1: $3.9B Revenue (TTM), FY26 Q2: $4B Revenue (TTM), FY26 Q3: $4B $4B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $4.3B
FY24 Q1 $4B
FY24 Q2 $4B
FY24 Q3 $3.9B
FY24 Q4 $3.8B
FY25 Q1 $3.8B
FY25 Q2 $3.8B
FY25 Q3 $3.8B
FY25 Q4 $3.8B
FY26 Q1 $3.9B
FY26 Q2 $4B
FY26 Q3 $4B
Revenue growth, TTM YoY Bread Financial Holdings, Inc.
-20% -10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.1% Revenue growth, TTM YoY, FY24 Q1: -4.9% Revenue growth, TTM YoY, FY24 Q2: -6.5% Revenue growth, TTM YoY, FY24 Q3: -8.7% Revenue growth, TTM YoY, FY24 Q4: -10.5% Revenue growth, TTM YoY, FY25 Q1: -4.3% Revenue growth, TTM YoY, FY25 Q2: -4.3% Revenue growth, TTM YoY, FY25 Q3: -3.4% Revenue growth, TTM YoY, FY25 Q4: 0.2% Revenue growth, TTM YoY, FY26 Q1: 2.0% Revenue growth, TTM YoY, FY26 Q2: 3.9% Revenue growth, TTM YoY, FY26 Q3: 5.5% 5.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.1%
FY24 Q1 -4.9%
FY24 Q2 -6.5%
FY24 Q3 -8.7%
FY24 Q4 -10.5%
FY25 Q1 -4.3%
FY25 Q2 -4.3%
FY25 Q3 -3.4%
FY25 Q4 0.2%
FY26 Q1 2.0%
FY26 Q2 3.9%
FY26 Q3 5.5%
Operating margin (TTM) Bread Financial Holdings, Inc.
15% 20% 25% 30% 35% 40% FY18 Q4 FY19 Q3 FY20 Q2 FY21 Q3 Operating margin (TTM), FY18 Q4: 31.0% Operating margin (TTM), FY19 Q1: 31.0% Operating margin (TTM), FY19 Q2: 30.2% Operating margin (TTM), FY19 Q3: 27.0% Operating margin (TTM), FY19 Q4: 23.4% Operating margin (TTM), FY20 Q1: 19.8% Operating margin (TTM), FY20 Q2: 18.1% Operating margin (TTM), FY20 Q3: 19.3% Operating margin (TTM), FY20 Q4: 19.6% Operating margin (TTM), FY21 Q1: 29.1% Operating margin (TTM), FY21 Q2: 35.8% Operating margin (TTM), FY21 Q3: 37.6% 37.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY18 Q4 31.0%
FY19 Q1 31.0%
FY19 Q2 30.2%
FY19 Q3 27.0%
FY19 Q4 23.4%
FY20 Q1 19.8%
FY20 Q2 18.1%
FY20 Q3 19.3%
FY20 Q4 19.6%
FY21 Q1 29.1%
FY21 Q2 35.8%
FY21 Q3 37.6%
FCF margin (TTM) Bread Financial Holdings, Inc.
40% 45% 50% 55% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 43.6% FCF margin (TTM), FY24 Q1: 48.4% FCF margin (TTM), FY24 Q2: 52.2% FCF margin (TTM), FY24 Q3: 48.5% FCF margin (TTM), FY24 Q4: 46.1% FCF margin (TTM), FY25 Q1: 45.0% FCF margin (TTM), FY25 Q2: 46.5% FCF margin (TTM), FY25 Q3: 50.6% FCF margin (TTM), FY25 Q4: 52.3% FCF margin (TTM), FY26 Q1: 54.1% FCF margin (TTM), FY26 Q2: 53.5% FCF margin (TTM), FY26 Q3: 52.8% 52.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 43.6%
FY24 Q1 48.4%
FY24 Q2 52.2%
FY24 Q3 48.5%
FY24 Q4 46.1%
FY25 Q1 45.0%
FY25 Q2 46.5%
FY25 Q3 50.6%
FY25 Q4 52.3%
FY26 Q1 54.1%
FY26 Q2 53.5%
FY26 Q3 52.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,964 2,791 3,173 3,641 4,319 5,303 6,440 7,138 5,475 5,667 5,581 4,521 3,272 3,826 4,289 3,838 3,845 4,003
Gross profit 610 1,246 1,361 1,535 1,770 2,084 2,625 2,861 3,005 3,129 2,894 2,444 — — — — — —
EBITDA 533 772 966 1,141 1,315 1,412 1,754 1,778 2,016 2,245 911 485 — — — — — —
Operating income 408 629 813 974 1,099 1,098 1,262 1,266 1,518 1,757 662 301 — — — — — —
Net income 144 194 315 422 496 506 597 516 789 963 278 214 801 223 718 277 518 537
Diluted EPS $2.49 $3.48 $5.45 $6.58 $7.42 $7.87 $8.85 $7.34 $14.10 $17.49 $5.46 $4.46 $16.02 $4.46 $14.34 $5.49 $10.89 $12.69
Growth (year on year)
Revenue −3.0% +42.1% +13.7% +14.8% +18.6% +22.8% +21.4% +10.8% −23.3% +3.5% −1.5% −19.0% −27.6% +16.9% +12.1% −10.5% +0.2% +5.5%
EBITDA −11.8% +44.9% +25.0% +18.2% +15.2% +7.3% +24.3% +1.3% +13.4% +11.4% −59.4% −46.8% — — — — — —
Operating income −11.5% +54.3% +29.2% +19.9% +12.8% −0.0% +14.9% +0.3% +19.9% +15.8% −62.3% −54.5% — — — — — —
Net income −30.4% +34.8% +62.7% +33.9% +17.5% +2.0% +17.8% −13.5% +52.9% +22.1% −71.1% −23.0% +274.3% −72.2% +222.0% −61.4% +87.0% +13.8%
Diluted EPS −11.1% +39.8% +56.6% +20.7% +12.8% +6.1% +12.5% −17.1% +92.1% +24.0% −68.8% −18.3% +259.2% −72.2% +221.5% −61.7% +98.4% +31.0%
Margins
Gross margin 31.1% 44.6% 42.9% 42.1% 41.0% 39.3% 40.8% 40.1% 54.9% 55.2% 51.8% 54.1% — — — — — —
EBITDA margin 27.1% 27.7% 30.4% 31.3% 30.4% 26.6% 27.2% 24.9% 36.8% 39.6% 16.3% 10.7% — — — — — —
Operating margin 20.8% 22.5% 25.6% 26.8% 25.4% 20.7% 19.6% 17.7% 27.7% 31.0% 11.9% 6.7% — — — — — —
Net margin 7.3% 6.9% 9.9% 11.6% 11.5% 9.5% 9.3% 7.2% 14.4% 17.0% 5.0% 4.7% 24.5% 5.8% 16.7% 7.2% 13.5% 13.4%
Free-cash-flow margin 15.5% 29.9% 29.6% 27.9% 20.1% 22.4% 24.4% 26.9% 43.4% 45.1% 19.3% 40.5% 44.6% 46.5% 46.3% 48.4% 54.4% 54.7%
Cash flow
Cash from operations 358 903 1,011 1,134 1,003 1,344 1,760 2,127 2,599 2,755 1,218 1,883 1,543 1,848 1,987 1,859 2,092 2,189
Capital spending 53 69 74 116 135 159 192 207 225 200 142 54 84 68 0 0 0 0
Free cash flow 305 834 938 1,018 868 1,186 1,568 1,920 2,374 2,555 1,076 1,829 1,459 1,780 1,987 1,859 2,092 2,189
Stock-based pay 54 50 43 50 59 73 91 77 75 81 55 21 29 33 44 54 56 61
Free cash flow after stock pay 252 784 894 967 809 1,113 1,477 1,844 2,299 2,474 1,021 1,808 1,430 1,747 1,943 1,805 2,036 2,128
Balance sheet
Cash 213 139 216 893 970 1,077 1,168 1,859 4,190 3,817 3,874 2,796 3,046 3,891 3,590 3,679 3,604 3,961
Total debt 1,782 1,870 2,343 2,936 2,816 4,774 5,064 5,601 — 5,738 2,850 2,806 7,439 8,007 5,292 5,557 4,308 —
Net debt (negative = net cash) 1,569 1,731 2,126 2,043 1,846 3,696 3,896 3,742 −4,190 1,921 −1,025 10 4,393 4,116 1,702 1,878 704 −3,961
Diluted shares 58m 56m 58m 64m 67m 62m 62m 59m 56m 55m 51m 48m 50m 50m 50m 50m 48m 42m
Returned to shareholders
Dividends — — — — — — — 30 116 125 127 61 42 43 42 43 40 39
Buybacks 446 149 241 126 231 287 952 799 554 443 976 — 0 12 35 55 313 595
Total returned 446 149 241 126 231 287 952 829 669 568 1,103 61 42 55 77 98 353 634

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$595M
Dividends (TTM)
$39M
Returned to shareholders
30%
of free cash flow
Buybacks, last 3 fiscal years
$403M
Diluted share count
−13.2%
year over year
Total shareholder yield
15.6%
dividends 1.0% + buybacks 14.6% of market value
Dividend payout ratio
7%
of net income paid out

Competitors: side by side with peers

Closest by revenue in consumer finance
Last 12 months unless stated BFH FCFS SOFI ENVA KLAR UPBD Median
Revenue, last 12 months $4.0bn $4.3bn $4.3bn $3.7bn $3.5bn $4.7bn $1.6bn
Revenue growth, last 12 months 5.5% 22.9% 40.8% 20.1% 24.8% 3.2% 10.4%
Revenue growth, 3-year average −2.4% 12.0% 32.5% 21.8% — 6.0% 11.3%
Revenue growth, latest quarter 4.7% 17.7% 42.5% 25.7% — −1.6% 10.6%
Gross margin 51.6% 50.2% 83.9% 60.6% — 49.7% 58.0%
Operating margin 37.6% — — 24.0% −6.6% 5.5% 11.2%
Operating margin, 3-year average 27.9% — — 22.8% — 5.7% 19.8%
Net margin 13.4% 9.5% 14.8% 10.5% −7.8% 2.4% 10.5%
Cash from operations / revenue 54.7% 15.8% −197.5% 56.2% −29.4% 10.6% 22.7%
Free-cash-flow margin 52.8% 10.0% −204.2% 54.9% −29.5% 9.2% 18.4%
Free-cash-flow margin, 3-year average 50.6% 10.9% −140.1% 55.3% — 4.8% 23.6%
Stock pay / revenue 1.5% 0.5% 6.6% 1.0% 4.5% 0.5% 1.3%
Change in share count −13.2% −1.6% 15.1% −1.8% 1.7% 1.2% −0.8%

Median of all 39 companies we cover in consumer finance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

39 consumer finance companies
Measure Company Peer median Rank
Revenue growth Growth 5.5% 10.4% 26 of 39
Change in growth rate Growth +1.5pp +0.6pp 14 of 38
Net margin Profitability 13.4% 10.5% 16 of 39
Stock pay as % of revenue Cash generation 1.5% 1.3% 21 of 36
Change in share count Balance sheet -13.2% -0.0% 2 of 38

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$4.2B
Institutions reporting
418
Shares held vs prior quarter
▼ 9.4%
Positions opened / closed
69 / 39

Top buyers and sellers, Q2 2026: 192 institutions bought and 197 sold ; the biggest buyer was Empowered Funds, LLC (+269K shares) and the biggest seller Turtle Creek Asset Management Inc (−1.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $421M 3.9M 9.9% ▼ 8.0%
Dimensional Fund Advisors LP $335M 3.1M 7.9% ▲ 0.2%
Vanguard Portfolio Management LLC $284M 2.6M 6.7% ▼ 4.9%
American Century Companies Inc $194M 1.8M 4.6% ▲ 9.8%
Vanguard Capital Management LLC $190M 1.8M 4.5% ▼ 6.0%
State Street Corp $182M 1.7M 4.3% ▼ 4.7%
Allianz Asset Management Gmbh $145M 1.4M 3.4% ▲ 3.4%
Turtle Creek Asset Management Inc. $142M 1.3M 3.3% ▼ 46.1%
Geode Capital Management, LLC $123M 1.1M 2.9% ▼ 4.5%
Arrowstreet Capital, Limited Partnership $113M 1.0M 2.7% ▼ 5.3%
HSBC Holdings PLC $98.8M 907K 2.3% ▼ 10.1%
Franklin Resources Inc $89.2M 823K 2.1% ▼ 28.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bread Financial Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $185,536 4 trades by 2 insiders, last 12 months Insider sales History → $2.5M 5 trades by 3 insiders · 53% under pre-set plans
Net ▼ $2.3M net selling
Insider Date Trade Shares Price Value
Fawcett John J. Director October 28, 2026 Buy 2,000 $24.71 $49,420
Fawcett John J. Director October 28, 2026 Buy 3,000 $24.69 $74,070
Mccarthy Dennis James EVP, Chief Revenue Officer September 14, 2026 Buy 16 $108.14 $1,718
Lakhwara Praniti Director July 28, 2026 Sell 2,802 $106.12 $297,348
Andretta Ralph J President and CEO May 29, 2026 Sell pre-set plan 12,500 $89.17 $1.1M
Andretta Ralph J President and CEO May 29, 2026 Sell pre-set plan 1,000 $89.57 $89,570
Andretta Ralph J President and CEO May 29, 2026 Sell pre-set plan 1,500 $88.23 $132,345
Fawcett John J. Director May 21, 2026 Buy 698 $86.43 $60,328
Ballou Roger H Director April 24, 2026 Sell 9,687 $90.32 $874,930

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • January 29, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Bread Financial Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bread Financial Holdings, Inc. in brief

What does Bread Financial Holdings, Inc. do?
Bread Financial Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.
What is Bread Financial Holdings, Inc.'s stock ticker?
Bread Financial Holdings, Inc. trades under the ticker BFH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bread Financial Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bread Financial Holdings, Inc. reported revenue of $4B, 5.5% higher than a year earlier, according to its SEC filings.
What is Bread Financial Holdings, Inc.'s free cash flow?
Bread Financial Holdings, Inc.'s free-cash-flow margin is 52.8% of revenue over the trailing twelve months.
Who are Bread Financial Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Bread Financial Holdings, Inc. buying back stock, and does it pay a dividend?
Bread Financial Holdings, Inc. spent $595M on share repurchases over the trailing twelve months, and its diluted share count fell 13.2% over the year.
What is Bread Financial Holdings, Inc.'s market cap?
On November 2, 2026, Bread Financial Holdings, Inc.'s market capitalisation was about $4.5B, with a price-to-earnings ratio of 8.4 and net debt of -$4B. Market figures come from third-party market data and may be delayed.
Does Bread Financial Holdings, Inc. pay a dividend?
Yes: Bread Financial Holdings, Inc. paid $39M in dividends over the trailing twelve months, a dividend yield of 0.96% and a payout ratio of 7.3%.
Who are Bread Financial Holdings, Inc.'s competitors?
In our Consumer Finance peer group, the companies closest to Bread Financial Holdings, Inc. are Firstcash Holdings, Inc., SoFi Technologies, Inc., Enova International, Inc., Klarna Group plc and Upbound Group, Inc. The side-by-side comparison below sets their revenue, margins and growth against Bread Financial Holdings, Inc.'s.
Are insiders buying or selling Bread Financial Holdings, Inc. stock?
Over the last 12 months, Bread Financial Holdings, Inc.'s directors and officers reported 4 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Bread Financial Holdings, Inc.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bread Financial Holdings, Inc. announces its own schedule.