Synchrony Financial Earnings Per Share Disclosure
| Years ended December 31, | |||||||||||||||||
($ in millions, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Net earnings | $ | 3,552 | $ | 3,499 | $ | 2,238 | |||||||||||
| Preferred stock dividends | (83) | (72) | (42) | ||||||||||||||
| Net earnings available to common stockholders | $ | 3,469 | $ | 3,427 | $ | 2,196 | |||||||||||
| Weighted average common shares outstanding, basic | 369.9 | 396.5 | 421.2 | ||||||||||||||
| Effect of dilutive securities | 4.0 | 4.1 | 2.3 | ||||||||||||||
| Weighted average common shares outstanding, dilutive | 373.9 | 400.6 | 423.5 | ||||||||||||||
| Earnings per basic common share | $ | 9.38 | $ | 8.64 | $ | 5.21 | |||||||||||
| Earnings per diluted common share | $ | 9.28 | $ | 8.55 | $ | 5.19 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 6, 2026 | Showing above |
| 2024 | Feb 7, 2025 | |
| 2023 | Feb 8, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 13, 2020 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.