Synchrony Financial (SYF): Results of Operations and Financial Condition
Synchrony Financial (SYF) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 SYNCHRONY FINANCIAL MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS AS OF AND FOR EACH OF THE THIRTEEN MONTHS ENDED (unaudited, $ in billions) The following table provides monthly charge-off and delinquency statistics as of and for each of the thirteen months ended Jul
How this was made
The 30-second read
Why it matters
Traders can update SYF’s credit-cost assumptions using the latest 30+ delinquency rate and net charge-off rate, but the excerpt does not provide management commentary or forward guidance.
Market read
Updated credit performance metrics may modestly influence SYF’s credit-cost outlook, but without guidance or a stated surprise, the trading signal is likely incremental.
What to watch
The excerpt lacks context versus analyst expectations and does not show cohort-level or segment-level drivers, limiting how much traders can infer about forward credit costs.
Synchrony Financial reported July 2026 monthly credit statistics, with a 4.2 % 30+ delinquency rate and a 4.7 % net charge-off rate.
The filing provides monthly portfolio-credit data rather than an earnings release. The 30+ delinquency rate was unchanged from July 31, 2025, while the net charge-off rate and adjusted net charge-off rate were lower than the corresponding July 2025 figures. No revenue, earnings, capital-return, cash-flow, or outlook data were provided.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Period-end loan receivablesother | $ 102.6 | – | – |
| Loan receivables held for saleother | $ — | – | – |
| Average loan receivables, including held for saleother | $ 101.9 | – | – |
| 30+ delinquency rateother | 4.2 % | – | – |
| Net charge-off rateother | 4.7 % | – | – |
| Recovery adjustmentother | 0.2 % | – | – |
| Adjusted net charge-off ratenon-GAAP | 4.9 % | – | – |
What drove it
- Consumer credit card loan receivables represented greater than 90% of total period end loan receivables at July 31, 2026.
- The recovery adjustment allocates recoveries, including debt sales, evenly across the three calendar months of each quarterly reporting period.
- Adjusted net charge-off rate represents adjusted net charge-offs as a percentage of average loan receivables, including held for sale.
Concerns
- The 30+ delinquency rate was 4.2 % at both July 31, 2026 and July 31, 2025.
- Charge-offs occur on varying cycle dates during calendar months, and Synchrony states that month-to-month charge-off amounts can vary with no corresponding change in portfolio performance.
- Recovery adjustments for periods other than the last month of a calendar quarter incorporate estimated recoveries and may differ from actual quarterly results.
What to watch
- Whether the 30+ delinquency rate moves from the 4.2 % reported for July 31, 2026.
- Whether the adjusted net charge-off rate remains below the 5.1 % reported for July 31, 2025.
- Changes in period-end loan receivables from the $ 102.6 reported at July 31, 2026.
- The effect of charge-off cycle-date variation and recovery estimates on monthly net charge-off statistics.
Balance sheet and cash flow
- Period-end loan receivables were $ 102.6 as of July 31, 2026.
- Average loan receivables, including held for sale, were $ 101.9 for July 31, 2026.
- Loan receivables held for sale were $ — as of July 31, 2026.
Analysis
This filing is a monthly credit-statistics exhibit, not a quarterly earnings release. It reports loan receivables, delinquency rates, charge-off rates, and a non-GAAP adjusted net charge-off rate through July 31, 2026. It does not provide revenue, profitability, expenses, earnings per share, cash flow, capital returns, or financial outlook.
Period-end loan receivables were $ 102.6 at July 31, 2026, compared with $ 102.2 at June 30, 2026 and $ 100.3 at July 31, 2025. Average loan receivables, including held for sale, were $ 101.9 for July 31, 2026, compared with $ 101.3 for June 30, 2026 and $ 99.7 for July 31, 2025. Loan receivables held for sale were reported as $ — at July 31, 2026.
Credit performance was stable on delinquency but lower on charge-off measures relative to the corresponding prior-year month. The 30+ delinquency rate was 4.2 % at July 31, 2026, the same as at July 31, 2025. The net charge-off rate was 4.7 %, compared with 5.1 % at July 31, 2025 and 5.3 % at June 30, 2026. The non-GAAP adjusted net charge-off rate was 4.9 %, compared with 5.1 % at July 31, 2025 and 5.2 % at June 30, 2026.
The filing cautions against treating monthly charge-off movement as a direct portfolio-performance signal. Charge-offs are executed on cycle dates that vary by calendar month, and the company states that this can cause monthly charge-off amounts to vary without a corresponding change in portfolio performance. The recovery adjustment also incorporates estimated recoveries outside the final month of each calendar quarter, making the reported 0.2 % July recovery adjustment an item to monitor alongside subsequent quarterly results.
The principal data points for investors are the $ 102.6 period-end loan receivables balance, the unchanged 4.2 % 30+ delinquency rate, and the 4.7 % net charge-off rate. Because the filing contains no income statement, balance-sheet funding, cash-flow, capital-return, or guidance disclosures, it does not support an assessment of quarterly earnings performance or outlook.
Not in the filing
stated, not guessed- Quarterly fiscal-period designation
- Total revenue
- Revenue growth
- Segment revenue
- Gross margin
- Operating expenses
- Operating income
- Net income
- GAAP earnings per share
- Non-GAAP earnings per share
- Operating cash flow
- Free cash flow
- Cash balance
- Debt balance
- Dividends
- Share repurchases
- Forward guidance
- Management commentary
- Named executive quotes
- Reported prior-quarter comparisons for the listed monthly credit metrics
- Reported year-over-year percentage changes for the listed monthly credit metrics
- Reported quarter-over-quarter percentage changes for the listed monthly credit metrics
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The 8-K includes Exhibit 99.1 with monthly charge-off and delinquency statistics for 13 months ended July 31, 2026.
Ticker impact
Synchrony Financial filed an 8-K with monthly charge-off and delinquency statistics through July 31, 2026, including a 30+ delinquency rate of 4.2%.
Likely limited immediate price impact unless the trend meaningfully deviates from Street expectations; traders may use it to update credit-cost models.
This is a primary SEC filing with updated monthly credit metrics, but the excerpt does not include guidance, earnings, or a clear surprise versus prior periods beyond the table’s month-to-month movement.
Market effects
Fresh consumer credit performance metrics can affect sentiment across credit-card and consumer-lending peers via read-across on charge-off trends.
No explicit regional impact stated in the excerpt.
Primarily US consumer credit; limited direct global spillover from the provided data.
Counterpoint
Monthly charge-off and delinquency tables may be noisy due to charge-off cycle timing and recovery adjustments, so the market may discount them absent a guidance change.
Key entities
- issuerSynchrony Financial
Filed an SEC 8-K (Item 2.02) with updated monthly charge-off and delinquency statistics through July 31, 2026.
