SLM Corporation (SLM) Earnings
SLM Corporation is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.47. SLM has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise -0.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $1.14 | $1.54 | +35.1% | $560M | +5.6% |
| Jan 22, 2026 | $0.95 | $1.12 | +17.9% | $734M | +101.3% |
| Oct 23, 2025 | $0.80 | $0.63 | -21.0% | $830M | +52.3% |
| Jul 24, 2025 | $0.49 | $0.32 | -34.7% | $684M | +76.8% |
| Apr 24, 2025 | $1.19 | $1.40 | +17.6% | $862M | +53.9% |
| Jan 23, 2025 | $0.56 | $0.50 | -10.7% | $689M | +87.2% |
| Oct 23, 2024 | $0.06 | $-0.23 | -483.3% | $677M | +72.9% |
| Jul 24, 2024 | $0.84 | $1.11 | +32.1% | $783M | +115.9% |
| Jan 24, 2024 | $0.89 | $0.91 | +2.2% | $726M | +78.9% |
| Jul 26, 2023 | $1.16 | $1.10 | -5.2% | $778M | +115.8% |
| Feb 1, 2023 | $0.47 | $-0.33 | -170.2% | $543M | +55.9% |
| Oct 26, 2022 | $0.48 | $0.29 | -39.6% | $615M | +38.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Strong Q1 performance driven by loan disbursement funnel strength, with growth potential from federal reforms. - Actively preparing for higher education sector changes, rolled out new offerings. - Underwriting discipline and loss mitigation strategies led to net charge-offs and delinquencies in line with expectations. - Sharpened customer acquisition, enhanced underwriting and credit capabilities. - Efficient cost structure and diversified funding sources support net interest margins. - Accelerated capital return program with loan sales and share repurchases.
Guidance
Expect diluted earnings per common share for 2026 to be between $3.10 and $3.20, assuming full utilization of $500 million share repurchase authorization and ~$1 billion incremental loan sales beyond initial plan. Reaffirm other 2026 outlook elements.
Segment performance
Diluted EPS in Q1 was $1.54 per share vs $1.40 in prior year. Loan originations were $2.9 billion, up 5% y-o-y. Net charge-offs were $89 million, consistent with or slightly better than expectations. Net interest income was $375 million, net interest margin 5.29% increased sequentially and y-o-y. Non-interest expenses $171 million vs $155 million y-o-y. Liquidity 21.2% of total assets, total risk-based capital 13.7%, common equity tier one capital 12.4%.
Analyst Q&A
Q: Any early color on the additional partnership by year end?
A: Discussions underway with those involved in past process, confident to complete by end of year.
Q: Color on new mods this year and future trends?
A: Entries to mod fluctuate with payment waves, overall loan mods expected to stabilize.
Q: Competitive environment in Grad Plus market?
A: Heightened competition expected, but confident in preparedness.
Q: Loan sale outlook and balancing opportunities?
A: Next partnership to build capacity for grad originations, similar process to first transaction.
Q: FAFSA completion rate up 20% y-o-y?
A: Reflects continued growth in higher education demand, survey to provide more insight.
Q: Cadence of buybacks and capital returns?
A: Benchmark 5%-6% share count reduction, accelerate run sales if market dislocation occurs.