SLM Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Operating expenses | — | — | — | — | $518.7M |
| Interest expense | — | — | $1.0B | $542.8M | $382.1M |
| Pretax income | $992.6M | $798.6M | $778.3M | $630.7M | $1.5B |
| Income tax expense | $247.7M | $190.3M | $196.9M | $161.7M | $379.8M |
| Net income | $744.8M | $608.3M | $581.4M | $469.0M | $1.2B |
| Balance Sheet | |||||
| Cash and equivalents | $4.2B | $4.7B | $4.1B | $4.6B | $4.3B |
| Total assets | $29.7B | $30.1B | $29.2B | $28.8B | $29.2B |
| Total liabilities | $27.3B | $27.9B | $27.3B | $27.1B | $27.1B |
| Total debt | $5.9B | $6.4B | $5.2B | $5.2B | $5.9B |
| Stockholders' equity | $2.5B | $2.2B | $1.9B | $1.7B | $2.1B |
| Cash Flow Statement | |||||
| Cash from operations | -$398.6M | -$329.4M | -$144.6M | $5.0M | -$49.5M |
| Depreciation and amortization | $16.2M | $17.7M | $17.8M | $17.3M | $16.0M |
| Stock-based compensation | $40.6M | $40.0M | $36.4M | $34.5M | $30.6M |
| Dividends paid | $107.7M | $99.2M | $101.2M | $113.0M | $60.5M |
| Share repurchases | $368.7M | $248.0M | $350.3M | $713.2M | $1.5B |
| Impairments | — | $0 | — | — | — |
Shares outstanding 188.6M · Free float 93.7%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.