SLM Corporation (SLMBP) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.1B	3.1B	3.0B	2.8B	2.4B
Cost of Revenue	1.4B	1.5B	1.5B	1.4B	1.2B
Gross Profit	1.7B	1.7B	1.4B	1.5B	1.2B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	395.5M	380.1M	401.0M	372.3M	291.3M
General & Admin Expense	395.5M	380.1M	401.0M	372.3M	291.3M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	307.9M	279.0M	240.9M	313.3M	267.9M
Total Operating Expenses	703.4M	659.1M	641.9M	685.6M	559.2M
Cost and Expenses	2.1B	2.1B	2.2B	2.1B	1.7B
Operating Income (EBIT)	982.6M	992.6M	798.6M	778.3M	630.7M
Non-Operating
Interest Income	2.6B	2.6B	2.6B	2.6B	2.0B
Interest Expense	1.1B	1.1B	1.1B	1.0B	542.8M
Net Interest Income	1.5B	1.5B	1.5B	1.6B	1.5B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	982.6M	992.6M	798.6M	778.3M	630.7M
Income Tax Expense	247.1M	247.7M	190.3M	196.9M	161.7M
Bottom Line
Net Income	735.5M	744.8M	608.3M	581.4M	469.0M
Earnings from Cont. Ops	735.5M	744.8M	608.3M	581.4M	469.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	720.6M	729.1M	590.0M	563.7M	460.0M
Per Share
Basic EPS	$3.62	$3.52	$2.73	$2.44	$1.78
Diluted EPS	$3.57	$3.46	$2.68	$2.41	$1.76
Revenue Per Share	$16.27	$15.01	$13.82	$12.27	$9.16
Shares
Basic Shares Outstanding	188.6M	207.2M	216.2M	231.4M	258.4M
Diluted Shares Outstanding	188.6M	207.2M	219.9M	234.1M	261.5M
Profitability Metrics
EBITDA	998.8M	1.0B	816.3M	796.1M	648.1M
D&A	16.2M	16.2M	17.7M	17.8M	17.3M
EBIT	982.6M	992.6M	798.6M	778.3M	630.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026