Synchrony Q3 Earnings Fall to $892 Million as Purchase Volume Rises

Synchrony Financial's net earnings fell to $892 million in the third quarter of 2026, while purchase volume increased and credit measures improved, presenting a mixed quarterly picture.

For the quarter ended Sept. 30, 2026, diluted earnings declined to $2.68 per share from $2.86 a year earlier. Purchase volume rose 8% to $49.7 billion. Net interest margin narrowed 12 basis points to 15.50%.

Synchrony's third-quarter results also showed lower delinquency and charge-off rates. Loans at least 30 days past due were 4.34%, down from 4.39%, while loans at least 90 days past due fell to 2.06% from 2.12%. The net charge-off rate declined to 4.79% from 5.16%.

“We delivered continued growth in both purchase volume and ending loan receivables, and Net interest income increased due to higher average loan receivables and lower funding costs,” Brian Wenzel, Synchrony's executive vice president and chief financial officer, said.