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SLMSLM Corporation
$25.53$5.1B
Overview & Verdict
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SLM logoSLM Corporation(SLM)Earnings, Financials & Key Ratios

SLM•NASDAQ
$25.53
7.4× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryCredit ServicesSub-IndustryStudent Loan Lending and Servicing
AboutSLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.Show more
  • EBITDA$995M+21.9%
  • Net Income$745M+22.4%
  • EPS (Diluted)3.46+29.1%
  • Gross Margin53.11%+10.1%
  • EBITDA Margin32.01%+17.1%
  • Operating Margin31.92%+19.4%
  • Net Margin23.95%+17.6%
  • ROE32.31%+7.3%

SLM Price & Volume

SLM Corporation (SLM) stock price & volume — 10-year historical chart

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Earnings Volatility Masks Underlying Structural Funding Risks

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Mixed
Cash Flow:Deteriorating
Primary Risk:Regulatory and funding volatility

Key Thesis Takeaways

  • SLM Corporation faces a challenging outlook characterized by extreme earnings volatility and a persistent disconnect between accounting profits and realized cash flow.
  • While the firm maintains a significant $5.2 billion cash position as of 2026Q1, its reliance on gain-on-sale accounting and sensitivity to credit provision adjustments under CECL creates substantial uncertainty for long-term investors.
  • The aggressive capital return strategy, highlighted by $290.7 million in buybacks during 2026Q1, appears misaligned with the firm's erratic operating cash flow performance and warrants extreme caution regarding future liquidity sustainability.

Verdict Logic

the company's erratic free cash flow trajectory, which included a negative $76.0 million in 2026Q1, combined with a high reliance on volatile credit provisions, suggests that the 13.3% dividend yield may not be supported by sustainable core operations.

SLM Growth Metrics

SLM Corporation (SLM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.86%
5 Years5.84%
3 Years9.54%
TTM-

Profit CAGR

10 Years10.51%
5 Years-3.3%
3 Years16.67%
TTM19.55%

EPS CAGR

10 Years19.35%
5 Years8.99%
3 Years25.27%
TTM29.5%

Return on Capital

10 Years11.04%
5 Years11.67%
3 Years10.56%
Last Year11.55%

SLM Recent Earnings

SLM Corporation (SLM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$1.54+35.1%
$1.14
Rev
$560M+5.6%
$530M
Q1 2026
Jan 22, 2026
Metric
Actual
Est
EPS
$1.12+17.9%
$0.95
Rev
$454M+2.6%
$442M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$0.63-21.0%
$0.80
Rev
$830M+52.3%
$545M
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$0.32-34.7%
$0.49
Rev
$684M+76.8%
$387M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$1.54vs $1.14+35.1%
$560Mvs $530M+5.6%
Q1 2026Jan 22, 2026
$1.12vs $0.95+17.9%
$454Mvs $442M+2.6%
Q4 2025Oct 23, 2025
$0.63vs $0.80-21.0%
$830Mvs $545M+52.3%
Q3 2025Jul 24, 2025
$0.32vs $0.49-34.7%
$684Mvs $387M+76.8%
Based on last 12 quarters of dataView full earnings history →

Latest SLM News

Recent stock market news and headlines for SLM Corporation (SLM)

Business Wire·5 days ago
Sallie Mae Selects Nova Credit's Income Navigator for Income Verification

NEW YORK--(BUSINESS WIRE)---- $SLM #cashflowintelligence--Nova Credit, a leading credit infrastructure and analytics company, today announced that Sallie Mae® (Nasdaq: SLM), the leader in private student lending, has selected the Nova Credit's Income Navigator to support income verification as part of its private student loan underwriting process. Income Navigator enables lenders to quickly and accurately verify consumer income, providing a more complete picture of an applicant's financial profile. Sallie Mae will leverage t.

GuruFocus·6 days ago
Sallie Mae Launches New Parent Loan to Help Families Cover College Costs

Sallie Mae today announced the launch of a new Parent Loan designed to give families an additional, flexible option to pay for higher education as [url="]feder

Business Wire·6 days ago
Sallie Mae Launches New Parent Loan to Help Families Cover College Costs

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae today announced the launch of a new Parent Loan designed to give families an additional, flexible option to pay for higher education as federal student loan options evolve. The Sallie Mae® Parent Loan allows credit-qualified individuals, including parents, guardians, or significant others, to support the financing of undergraduate and graduate education for students and offers competitive interest rates that can be lower than federal Parent PLUS loans,.

Seeking Alpha·Jun 16, 2026
Orbit Makes PTC's Recent Pullback Interesting Despite Execution Risks

PTC Inc. still has a steady and recurring lifecycle software base with offerings across CAD, PLM, ALM, SLM, and general SaaS workflows. Their newer offerings, like Orbit and Jetstream, also move PTC towards a clearer AI integration path for its products and services. I do believe the sale of Kepware and ThingWorx changed its prospects a bit. In part, it streamlined PTC's business and helped finance stock buybacks.

Peers Comparison

Key metrics vs top competitors for SLM Corporation (SLM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SLM logoSLMSLM CorporationCurrent
$25.53$5.06B7.384.1%23.95%32.31%13.24%
NAVI logoNAVINavient Corporation
$8.39$788.57M-10.36-23.74%-1.96%-2.45%—
HFBL logoHFBLHome Federal Bancorp, Inc. of Louisiana
$21.00$64.13M16.67-2.88%17.78%10.42%—
COF logoCOFCapital One Financial Corporation
$206.50$128.5B51.2428.39%4.29%2.86%—
SYF logoSYFSynchrony Financial
$76.77$26.68B8.26-7.91%18.08%21.41%—
ALLY logoALLYAlly Financial Inc.
$46.23$14.17B19.51-25.75%8.92%9.19%—

Compare SLM vs Peers

SLM Corporation (SLM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NAVI

Most directly comparable listed peer for SLM.

Scale Benchmark

vs GS

Larger-name benchmark to compare SLM against a more recognizable public peer.

Peer Set

Compare Top 5

vs NAVI, HFBL, COF, SYF

SLM SEC Filings & Documents

SLM Corporation (SLM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Mar 11, 2026·SEC

Material company update

Mar 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

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SLM Frequently Asked Questions

SLM Corporation (SLM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is SLM Corporation's revenue?

SLM Corporation (SLM) reported $2.25B in revenue for fiscal year 2025.

How fast is SLM Corporation growing?

SLM Corporation (SLM) grew revenue by 4.1% over the past year. Growth has been modest.

Is SLM profitable?

Yes, SLM Corporation (SLM) is profitable, generating $744.7M in net income for fiscal year 2025 (24.0% net margin).

Dividend & Returns
Does SLM pay dividends?

Yes, SLM Corporation (SLM) pays a dividend with a yield of 13.24%. This makes it attractive for income-focused investors.

What is SLM's return on equity?

SLM Corporation (SLM) has a return on equity (ROE) of 32.3%. This is excellent, indicating efficient use of shareholder capital.

What is SLM Corporation's free cash flow?

SLM Corporation (SLM) generated $645.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SLM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →