SLM

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SLM Corp.

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Key Metrics

Previous Close: $26.59
52-Week Range: $17.77 – $32.07
Market Cap: $4.86B
P/E (TTM): 7.41
EPS (TTM): 3.49
Dividend Yield: 1.95%

Advanced Metrics

Price/Book: —
PEG Ratio: 0.51
Return on Equity: 30.33%
Return on Assets: 2.53%
Gross Margin: 100.00%
Operating Margin: 29.21%
Profit Margin: 43.63%
Current Ratio: 1.33
Debt/Equity: 2.36
Total Debt: $5.84B
Free Cash Flow: —
Revenue Growth: 8.10%
Earnings Growth: -9.40%
Enterprise Value: $6.31B

SLM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.82B	$1.81B	$1.85B	$1.98B
Selling, General & Admin	$291.29M	$372.32M	$400.99M	$380.11M
Pretax Income	$630.73M	$778.30M	$798.64M	$992.56M
Income Tax	$161.71M	$196.91M	$190.31M	$247.72M
Net Income	$469.01M	$581.39M	$608.33M	$744.85M
Diluted EPS	1.76	2.41	2.68	3.46
Diluted Shares	261.50M	234.06M	219.93M	210.91M

SLM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.62B	$4.15B	$4.70B	$4.24B
Receivables	$1.58B	$1.75B	$1.97B	$1.91B
Total Assets	$28.81B	$29.17B	$30.07B	$29.75B
Long-Term Debt	$5.24B	$5.23B	$6.44B	$5.36B
Total Debt	$5.24B	$5.23B	$6.44B	$5.86B
Total Liabilities	$27.08B	$27.29B	$27.91B	$27.29B
Retained Earnings	$3.16B	$3.62B	$4.11B	$4.73B
Shareholders' Equity	$1.73B	$1.88B	$2.16B	$2.45B
Net Debt	$619.00M	$1.08B	$1.74B	$1.62B

SLM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$4.99M	-$144.64M	-$329.39M	-$398.58M
Free Cash Flow	$4.99M	-$144.64M	-$329.39M	-$398.58M
Depreciation & Amortisation	$17.33M	$17.81M	$17.65M	$16.17M
Stock-Based Compensation	$34.46M	$36.38M	$40.00M	$40.56M
Investing Cash Flow	$1.08B	-$12.46M	$675.99M	$1.05B
Financing Cash Flow	-$854.89M	-$316.23M	$228.16M	-$1.10B
Dividends Paid	-$121.99M	-$118.94M	-$117.47M	-$123.42M
Share Repurchases	-$713.20M	-$350.26M	-$247.97M	-$368.74M
Net Change in Cash	$227.49M	-$473.33M	$574.75M	-$455.73M

SLM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$403.60M	$545.68M	$454.10M	$559.99M	$401.11M
Selling, General & Admin	$94.68M	$90.18M	$92.01M	$107.89M	$105.40M
Pretax Income	$87.63M	$185.81M	$316.00M	$400.35M	$80.46M
Income Tax	$16.36M	$49.96M	$82.81M	$92.40M	$21.94M
Net Income	$71.27M	$135.85M	$233.19M	$307.95M	$58.52M
Diluted EPS	0.32	0.63	1.12	1.54	0.29
Diluted Shares	213.22M	210.61M	204.96M	197.88M	190.38M

SLM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$4.09B	$3.54B	$4.24B	$5.16B	$4.59B
Receivables	$2.15B	$2.10B	$1.91B	$1.79B	$1.98B
Total Assets	$29.60B	$29.61B	$29.75B	$29.41B	$28.58B
Long-Term Debt	$6.41B	$6.84B	$5.36B	$5.67B	$5.84B
Total Debt	$6.41B	$6.84B	$5.86B	$6.17B	$5.84B
Total Liabilities	$27.23B	$27.26B	$27.29B	$26.97B	$26.10B
Retained Earnings	$4.43B	$4.53B	$4.73B	$5.01B	$5.04B
Shareholders' Equity	$2.37B	$2.34B	$2.45B	$2.44B	$2.47B
Net Debt	$2.32B	$3.30B	$1.62B	$1.01B	$1.26B

SLM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$138.73M	-$49.34M	-$64.46M	-$75.96M	-$134.83M
Free Cash Flow	-$138.73M	-$49.34M	-$64.46M	-$75.96M	-$134.83M
Depreciation & Amortisation	$4.87M	$4.88M	$1.45M	$5.07M	$4.78M
Stock-Based Compensation	$9.34M	$8.94M	$9.02M	$14.80M	$11.82M
Investing Cash Flow	-$34.99M	-$253.79M	$838.61M	$1.59B	$540.17M
Financing Cash Flow	$561.39M	-$220.62M	-$88.10M	-$550.35M	-$991.73M
Dividends Paid	-$31.13M	-$30.89M	-$29.97M	-$29.15M	-$28.10M
Share Repurchases	-$71.70M	-$143.52M	-$123.82M	-$290.66M	-$3.15M
Net Change in Cash	$387.67M	-$523.74M	$686.04M	$962.85M	-$586.39M

Market Snapshot

About

SLM Corp., commonly known as Sallie Mae, is a consumer banking company specializing in education loans and savings products. The company originates and services private education loans for students and families to finance higher education expenses. SLM also offers online banking products including savings accounts, certificates of deposit, and credit cards focused on the education finance market.