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SLM Corp (SLM) stock

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NASDAQ: SLM Nasdaq Consumer Finance Next results ~January 21, 2027

C+ Fundamentals grade

SLM Corp 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.

  • Funds182 adding, 181 cuttingOf 60 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter SLM files

10-Q filed October 22: SLM

SLM Corp booked revenue of $1.79bn for the twelve months to September 2026, down 6.7% on a year earlier. That decline is narrower than the 11.5% drop recorded a quarter earlier, though it still ranks the company 908 of 934 for growth across our coverage. The diluted share count has fallen 9.2% over the year, lifting the claim attached to each remaining share. Against that mixed picture, the fundamentals grade slips from B to C+. Our model value eases from $45.62 to $42.70 a share. The current share price stands at $21.76.

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

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where SLM stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.96bn, up 11.5% on a year earlier, faster than 5.1% a quarter earlier. The diluted share count is down 6.7% 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 21, 2027 (estimated)

SLM Corp's trailing-twelve-month revenue fell 6.7% year on year, with a free-cash-flow margin of -22.3%. Where it stands out: net margin of 31.7% ranks 2 of 39 consumer finance companies we cover. Where it lags: change in growth rate of -18.3pp ranks 38 of 38 consumer finance companies we cover.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 196% in the quarter to 2026-09-30.

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

  • Shrinking share count. Diluted shares fell 9.2% in a year, so each share owns more of the business.

Things to watch

  • Revenue shrinking. Revenue fell 6.7% over the last 12 months.
  • Growth slowing. The growth rate is 18.3 points lower than a quarter earlier.
  • Burning cash. Free cash flow was -22.3% of revenue over the last 12 months.
  • High debt. Long-term debt exceeds cash by $3.4bn, more than 1.5 times annual revenue.
  • Weak cash conversion. Free cash flow was -70% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.6% ranks 29 of 36 consumer finance companies we cover (median 1.3%).

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
-$0.19 against an average estimate of $0.20: missed by 196.3%
Revenue
$375m, down 31.2% on a year earlier
Share reaction
-14.9% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
diluted Earnings per Common Share $1.95 to $2.05 (full year 2026); private Education Loan Originations Growth growth 12% to 14% (full year 2026)
Next report
January 21, 2027; average EPS estimate $0.35

SLM's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week-8.9%
  • 1 month-21.4%
  • This year-32.8%
  • 1 year-31.9%
  • 5 years+8.7%
  • 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)
$1.8B
Net margin
31.7%
EPS (TTM, diluted)
$2.91

Growth

Revenue growth
−6.7%
Change in growth rate
−18.3 pts
Share count change
−9.2%

Earnings

Last results
October 22, 2026
Next results (est.)
January 21, 2027

News & updates

Updated October 31, 2026

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

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

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

SLM Corp valuation models and calculator

No model value for SLM Corp 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 SLM Corp as a bank or lender, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 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. ~$78 ~$57–$110 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$49 ~$42–$59 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. ~$27 ~$21–$33 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$8.7 ~$11–$17 Left out: far from the other models (more than 3x away from their median)
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. ~$29 ~$28–$35 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$53 ~$44–$65 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 SLM Corp 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

45 /100

Weak moat

How hard SLM'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 1.9% of total assets over 10 years.

  • Durability 19 / 20

    Net margin has been a median 32.1%; its worst year was 19.7%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -10.3% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 43.2% over five years; stock-based pay has been a median 2.1% 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 (50 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 21, 2027, after the close. Analysts expect revenue of $340m and EPS of $0.35 (range $0.30 to $0.38) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.01 −42% $1.4bn −8%
Next $3.00 +49% $1.4bn +4%

Next year's EPS estimate has moved −10.8% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −35.7% on 90 days ago. In the last 30 days, 1 analyst raised SLM Corp's forecast and 0 cut it.

Consensus EPS forecast SLM Corp, last 90 days
$2.00 $2.50 $3.00 $3.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.12 Current fiscal year, 60 days ago: $3.11 Current fiscal year, 30 days ago: $3.11 Current fiscal year, 7 days ago: $3.12 Current fiscal year, Now: $2.01 $2.01 Next fiscal year, 90 days ago: $3.36 Next fiscal year, 60 days ago: $3.36 Next fiscal year, 30 days ago: $3.36 Next fiscal year, 7 days ago: $3.38 Next fiscal year, Now: $3.00 $3.00

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.12$3.36
60 days ago $3.11$3.36
30 days ago $3.11$3.36
7 days ago $3.12$3.38
Now $2.01$3.00

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.20 −$0.19 −196.3%
Jun 2026 $0.44 $0.29 −34.2%
Mar 2026 $1.22 $1.54 +26.1%
Dec 2025 $0.94 $1.12 +19.7%

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

Management guidance

Earnings release, October 22, 2026
  • Diluted Earnings per Common Share full year 2026 $1.95 to $2.05 Lowered
    “Diluted Earnings per Common Share $3.10 to $3.20 $1.95 to $2.05” source
  • Private Education Loan Originations Growth full year 2026 12% growth to 14% growth Maintained
    “Private Education Loan Originations Growth 12% to 14% 12% to 14%” source
  • Net Charge-offs · Private Education Loan full year 2026 $400m to $420m Raised
    “Net Charge-offs $365 to $385 million $400 to $420 million” source
  • Non-interest Expenses full year 2026 $750m to $780m Maintained
    “Non-interest Expenses $750 to $780 million $750 to $780 million” 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

10 analysts, Oct 2026
Buy660%
Hold330%
Sell110%

Monthly trend

  1. Oct 2026243110
  2. Sep 2026154111
  3. Aug 2026154111
  4. Jul 2026154111

Counts of recommendations published by analysts covering SLM Corp, 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
10.6%
of tradable shares
Days to cover
7.08
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
1,788
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −31.9%

$26.27 on October 31, 2025 to $17.88

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.0bn +11.5%
Net margin 25.1% 37.5% +49.2%
P/E multiple 12.8x 4.9x −61.8%
Share count 215m 201m +7.2%

Biggest factor: p/e multiple.

Last 3 years +28.7%

$13.89 on November 3, 2023 to $17.88

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.0bn +11.2%
Net margin 21.7% 37.5% +73.2%
P/E multiple 8.9x 4.9x −45.4%
Share count 246m 201m +22.2%

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
SLM+61%−14%+19%+47%−0%−33%
Industry peers (median)+38%−34%+12%+19%+22%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SLM67%33%50%67%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SLM−18%−32%−36%−16%−27%−37%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 52% from May 2, 2017 to April 3, 2020. Getting back needed a 107% gain, reached on January 6, 2021, 278 days after the low.

Price behaviour

52-week range
$17.72 – $30.31
From 52-week high
−41.0%
vs 50-day average
−23.7%
vs 200-day average
−23.3%
Volatility (1 year)
41%
Beta vs S&P 500
1.02

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
5 up, 7 down
typical move ±3.4%
After a week
4 up, 8 down
typical move ±4.5%
After a month
6 up, 5 down
typical move ±8.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −14.9% −1.7% −20.1% —
July 23, 2026 −3.7% −1.1% +2.5% +4.9%
April 23, 2026 +3.2% +0.4% −0.1% −4.1%
January 22, 2026 +4.5% +0.6% +1.9% −24.9%
October 23, 2025 +2.3% +1.4% −1.4% +3.3%
July 24, 2025 −0.8% +0.5% −3.7% −3.9%
April 24, 2025 +2.2% +2.8% +10.5% +23.7%
January 23, 2025 −0.2% +0.3% −1.2% +5.2%
October 23, 2024 −3.6% −0.7% −2.0% +7.9%
July 24, 2024 −2.1% −2.8% −3.4% −10.4%
April 24, 2024 0.0% −0.4% −3.1% −5.8%
January 24, 2024 +3.5% +0.7% +3.6% +2.5%

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.

SLM Corp in five measures

Fundamentals grade C+
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) SLM Corp
$1.7B $1.8B $1.9B $2B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.8B Revenue (TTM), FY24 Q1: $1.9B Revenue (TTM), FY24 Q2: $1.9B Revenue (TTM), FY24 Q3: $1.9B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.9B Revenue (TTM), FY25 Q4: $2B Revenue (TTM), FY26 Q1: $2B Revenue (TTM), FY26 Q2: $2B Revenue (TTM), FY26 Q3: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.8B
FY24 Q1 $1.9B
FY24 Q2 $1.9B
FY24 Q3 $1.9B
FY24 Q4 $1.8B
FY25 Q1 $1.9B
FY25 Q2 $1.8B
FY25 Q3 $1.9B
FY25 Q4 $2B
FY26 Q1 $2B
FY26 Q2 $2B
FY26 Q3 $1.8B
Revenue growth, TTM YoY SLM Corp
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -0.8% Revenue growth, TTM YoY, FY24 Q1: 4.9% Revenue growth, TTM YoY, FY24 Q2: 9.3% Revenue growth, TTM YoY, FY24 Q3: 11.4% Revenue growth, TTM YoY, FY24 Q4: 2.2% Revenue growth, TTM YoY, FY25 Q1: -3.9% Revenue growth, TTM YoY, FY25 Q2: -8.7% Revenue growth, TTM YoY, FY25 Q3: 1.0% Revenue growth, TTM YoY, FY25 Q4: 7.3% Revenue growth, TTM YoY, FY26 Q1: 5.1% Revenue growth, TTM YoY, FY26 Q2: 11.5% Revenue growth, TTM YoY, FY26 Q3: -6.7% -6.7%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -0.8%
FY24 Q1 4.9%
FY24 Q2 9.3%
FY24 Q3 11.4%
FY24 Q4 2.2%
FY25 Q1 -3.9%
FY25 Q2 -8.7%
FY25 Q3 1.0%
FY25 Q4 7.3%
FY26 Q1 5.1%
FY26 Q2 11.5%
FY26 Q3 -6.7%
FCF margin (TTM) SLM Corp
-30% -20% -10% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -9.0% FCF margin (TTM), FY24 Q1: -12.8% FCF margin (TTM), FY24 Q2: -16.9% FCF margin (TTM), FY24 Q3: -19.9% FCF margin (TTM), FY24 Q4: -18.8% FCF margin (TTM), FY25 Q1: -22.2% FCF margin (TTM), FY25 Q2: -23.3% FCF margin (TTM), FY25 Q3: -18.0% FCF margin (TTM), FY25 Q4: -20.9% FCF margin (TTM), FY26 Q1: -17.6% FCF margin (TTM), FY26 Q2: -17.4% FCF margin (TTM), FY26 Q3: -22.3% -22.3%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -9.0%
FY24 Q1 -12.8%
FY24 Q2 -16.9%
FY24 Q3 -19.9%
FY24 Q4 -18.8%
FY25 Q1 -22.2%
FY25 Q2 -23.3%
FY25 Q3 -18.0%
FY25 Q4 -20.9%
FY26 Q1 -17.6%
FY26 Q2 -17.4%
FY26 Q3 -22.3%

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

Where the money goes

FY2025, from the 10-K

What SLM earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $2.6B
  2. Fee and other income $483M · 24.3%
  3. Interest paid $1.1B
  4. Net interest income $1.5B · 75.7%
  5. Revenue $2B
  6. Non-interest expense $659M · 33.2%
  7. Pre-tax profit $1.3B · 66.8%
  8. Income tax $248M · 12.5%
  9. Other $333M · 16.8%
  10. Net income $745M · 37.5%

Shares of revenue. Source: SLM's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions 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 3.1 4.5 3.3 0.7 0.8 0.7 0.9 1.0 1.1 1.4 1.7 1.8 2.0 1.8 1.8 1.8 2.0 1.8
Net income 0.3 0.5 0.6 0.2 0.3 0.2 0.3 0.3 0.3 0.5 0.6 0.9 1.2 0.5 0.6 0.6 0.7 0.6
Diluted EPS $0.38 $0.94 $1.18 $0.45 $0.58 $0.42 $0.59 $0.53 $0.62 $1.07 $1.30 $2.25 $3.61 $1.76 $2.41 $2.68 $3.46 $2.91
Growth (year on year)
Revenue +66.4% +47.3% −27.6% −79.3% +12.7% −3.2% +20.3% +8.5% +17.3% +20.9% +22.9% +8.3% +11.9% −10.1% −0.8% +2.2% +7.3% −6.7%
Net income — +63.6% +19.4% −65.6% +19.0% −25.0% +41.2% −8.7% +15.4% +68.7% +18.6% +52.3% +31.8% −59.6% +24.0% +4.6% +22.4% −9.0%
Diluted EPS — +147.4% +25.5% −61.9% +28.9% −27.6% +40.5% −10.2% +17.0% +72.6% +21.5% +73.1% +60.4% −51.2% +36.9% +11.2% +29.1% +0.2%
Margins
Net margin 10.6% 11.8% 19.4% 32.2% 34.1% 26.4% 31.0% 26.1% 25.7% 35.8% 34.6% 48.6% 57.2% 25.7% 32.1% 32.9% 37.5% 31.7%
Cash flow
Cash from operations −15.9 −6.7 3.1 0.1 0.1 −0.4 −0.1 −0.2 −0.2 −0.1 −0.0 −0.2 −0.0 0.0 −0.1 −0.3 −0.4 −0.4
Stock-based pay 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Balance sheet
Cash 6.1 4.3 1.5 1.6 2.2 2.4 2.4 1.9 1.5 2.6 5.6 4.5 4.3 4.6 4.1 4.7 4.2 2.2
Total debt 161.4 197.2 184.0 128.0 3.8 0.0 1.1 2.2 3.3 4.3 4.6 5.2 5.9 5.2 5.2 6.4 5.9 6.4
Net debt (negative = net cash) 155.4 192.8 182.5 126.4 1.6 −2.4 −1.3 0.2 1.7 1.7 −0.9 0.7 1.6 0.6 1.1 1.7 1.6 4.3
Diluted shares 472m 488m 523m 483m 449m 432m 432m 433m 439m 440m 431m 387m 320m 262m 234m 220m 211m 195m
Returned to shareholders
Dividends 0.0 — 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1
Buybacks 0.0 — 0.3 0.9 0.6 — — — 0.0 0.0 0.2 0.6 1.5 0.7 0.4 0.2 0.4 0.5
Total returned 0.0 — 0.5 0.9 0.6 0.0 0.0 0.0 0.0 0.0 0.2 0.6 1.6 0.8 0.5 0.3 0.5 0.6

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)
$545M
Dividends (TTM)
$100M
Returned to shareholders
-162%
of free cash flow
Buybacks, last 3 fiscal years
$967M
Diluted share count
−9.2%
year over year
Total shareholder yield
19.5%
dividends 3.0% + buybacks 16.4% of market value
Dividend payout ratio
18%
of net income paid out

Competitors: side by side with peers

Closest by revenue in consumer finance
Last 12 months unless stated SLM LX ECPG EZPW PGY GDOT Median
Revenue, last 12 months $1.8bn $1.8bn $1.9bn $1.6bn $1.4bn $2.3bn $1.6bn
Revenue growth, last 12 months −6.7% −7.3% 29.5% 28.6% 14.8% 17.7% 10.4%
Revenue growth, 3-year average 1.6% — 17.3% 16.1% 143.5% 15.6% 11.3%
Revenue growth, latest quarter −31.2% — 11.3% 34.7% 11.5% 18.2% 10.6%
Gross margin — 34.0% — 58.6% 43.9% — 58.0%
Operating margin — — 37.7% 13.9% 26.4% 0.3% 11.2%
Operating margin, 3-year average — — 19.5% 11.4% 16.2% 0.6% 19.8%
Net margin 31.7% 12.8% 15.9% 10.0% 10.8% −1.1% 10.5%
Cash from operations / revenue −21.3% 27.5% 8.0% 11.5% 17.3% 6.9% 22.7%
Free-cash-flow margin −22.3% 24.8% 6.6% 8.7% 16.3% 3.7% 18.4%
Free-cash-flow margin, 3-year average −20.1% 25.4% 8.2% 7.6% 9.7% 2.6% 23.6%
Stock pay / revenue 2.6% 0.7% 1.1% 1.0% 2.3% 0.8% 1.3%
Change in share count −9.2% 4.7% −3.6% −0.0% 17.0% 3.2% −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 -6.7% 10.4% 35 of 39
Change in growth rate Growth -18.3pp +0.6pp 38 of 38
Net margin Profitability 31.7% 10.5% 2 of 39
Stock pay as % of revenue Cash generation 2.6% 1.3% 29 of 36
Change in share count Balance sheet -9.2% -0.0% 7 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
$5.4B
Institutions reporting
384
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
60 / 44

Top buyers and sellers, Q2 2026: 182 institutions bought and 181 sold ; the biggest buyer was Price T Rowe Associates Inc (+4.1M shares) and the biggest seller Impactive Capital LP (−2.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $456M 17.6M 8.4% ▼ 7.0%
FMR LLC $442M 17.1M 8.1% ▼ 4.8%
Brave Warrior Advisors, LLC $347M 13.4M 6.4% ▼ 1.5%
Price T Rowe Associates Inc $325M 12.5M 6.0% ▲ 48.4%
Vanguard Portfolio Management LLC $250M 9.6M 4.6% ▼ 11.1%
Vanguard Capital Management LLC $213M 8.2M 3.9% ▼ 4.3%
Dimensional Fund Advisors LP $205M 7.9M 3.8% ▲ 5.1%
Hotchkis & Wiley Capital Management LLC $187M 7.2M 3.4% ▲ 11.3%
American Century Companies Inc $187M 7.2M 3.4% ▲ 14.1%
Barrow Hanley Mewhinney & Strauss LLC $169M 6.5M 3.1% ▲ 24.6%
State Street Corp $169M 6.5M 3.1% ▲ 0.9%
Massachusetts Financial Services Co $161M 6.2M 3.0% ▼ 6.7%

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 SLM Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

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.

Trades by members of Congress

All 4 trades and filings

No trades in SLM Corp disclosed in the last 12 months; 4 earlier trades on record.

  • Thomas MacArthur(NJ):Sale (full), $15,001 - $50,000, traded February 1, 2016, filed March 3, 2016
  • Thomas MacArthur(NJ):Purchase, $1,001 - $15,000, traded January 19, 2016, filed February 6, 2016
  • Thomas MacArthur(NJ):Sale (full), $15,001 - $50,000, traded December 16, 2015, filed January 6, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

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

Recent SEC filings

Data status

When each part of this page on SLM Corp 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.

SLM Corp in brief

What does SLM Corp do?
SLM Corp is a US-listed company in the consumer finance industry. Its financial year ends in December.
What is SLM Corp's stock ticker?
SLM Corp trades under the ticker SLM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is SLM Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, SLM Corp reported revenue of $1.8B, 6.7% lower than a year earlier, according to its SEC filings.
What is SLM Corp's free cash flow?
SLM Corp's free-cash-flow margin is -22.3% of revenue over the trailing twelve months.
Who are SLM Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., FMR LLC and Brave Warrior Advisors, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is SLM Corp buying back stock, and does it pay a dividend?
SLM Corp spent $545M on share repurchases over the trailing twelve months, and its diluted share count fell 9.2% over the year.
What is SLM Corp's market cap?
On November 2, 2026, SLM Corp's market capitalisation was about $3.5B, with a price-to-earnings ratio of 6.1 and net debt of $4.3B. Market figures come from third-party market data and may be delayed.
Does SLM Corp pay a dividend?
Yes: SLM Corp paid $100M in dividends over the trailing twelve months, a dividend yield of 3.02% and a payout ratio of 17.7%.
Who are SLM Corp's competitors?
In our Consumer Finance peer group, the companies closest to SLM Corp are Lexinfintech Holdings Ltd., Encore Capital Group Inc, Ezcorp Inc, Pagaya Technologies Ltd. and Green DOT Corp. The side-by-side comparison below sets their revenue, margins and growth against SLM Corp's.
When is SLM Corp's next earnings date?
Around January 21, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — SLM Corp announces its own schedule.