Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Fewer defaults, yet a bigger loss provision
The provision rose while the charge-off rate fell to 4.79%, so reserving, not losses, cut this quarter's profit.
For investorsWhat has to go right for profit to recover?
For foundersThe playbook behind lending through someone else's checkout
Partner payments rose 7.0% against 1.9% growth in net interest income, so part of the credit improvement goes to retailers.
Loyalty costs grew faster than the fees beside them, so other income fell 17.3% while purchase volume rose 8.0%.
Operating expense rose 9.9% against 1.4% revenue growth, and the filing names higher operational losses as the first driver.
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Business Lens describes Synchrony Financial from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
