Bread Financial Holdings, Inc. (BFH)
Bread Financial Holdings, Inc. provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, underwriting, and funding services for private label and co-brand credit card programs, as well as through Bread Pay partnerships. The company also manages and services the loans it originates for private label, co-brand, and general-purpose credit card programs, and installment loans and split-pay products; and provides marketing, and data and analytics services. In addition, it offers an enhanced digital suite that includes a unified software development kit, which provides access to its suite of products, as well as promotes credit payment options earlier in the shopping experience. Further, the company through Bread Pay, a digital payments platform and robust suite of application programming interfaces allows merchants and partners to integrate online point-of-sale financing and other digital payment products. Additionally, it offers retail and deposit products, primarily in the form of certificates of deposit and high-yield savings accounts, including traditional and Roth Individual Retirement Accounts. The company offers its products under the Bread, Bread Financial, Bread Cashback, Bread Rewards, Bread Pay, and Bread Savings brands. The company was formerly known as Alliance Data Systems Corporation and changed its name to Bread Financial Holdings, Inc. in March 2022. Bread Financial Holdings, Inc. was incorporated in 1995 and is headquartered in Columbus, Ohio.
- Symbol
- BFH
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Credit Services
- Market cap
- $3.84B
- 52 week range
- 53.83 - 114.53
Valuation
- Share price
- $99.19 (close of 2026-09-23)
- P/E (TTM)
- 7.57x
- Price to book
- 1.14x
- Price to free cash flow
- 1.75x
- Enterprise value
- $3.45B
- Book value per share
- $86.95
Price performance
| Period | Change |
|---|
| 1 day | -8.16% |
| 5 days | -7.86% |
| 1 month | -6.35% |
| 3 months | -4.43% |
| 6 months | +32.73% |
| Year to date | +33.99% |
| 1 year | +62.47% |
| 3 years | +189.69% |
| 5 years | +24.61% |
| 10 years | -42.72% |
| All time | +866.76% |
Profitability and growth
- Return on equity
- 15.57%
- Return on assets
- 2.29%
- Net margin
- 13.47%
- EBITDA margin
- 40.21%
- Revenue growth
- 0.18%
- Net income growth
- 87.00%
- Free cash flow growth
- 12.53%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 57.13%
- Net debt to EBITDA
- -0.25x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.85B
- EBITDA
- $1.55B
- Net income
- $518.00M
- Earnings per share
- $11.07
- Interest expense
- $854.00M
- Shares outstanding
- 46.80M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.85B | - | $518.00M | $11.07 |
| 2024-12-31 | $3.84B | - | $277.00M | $5.58 |
| 2023-12-31 | $4.29B | - | $718.00M | $14.39 |
| 2022-12-31 | $3.83B | - | $223.00M | $4.47 |
| 2021-12-31 | $3.27B | - | $801.00M | $16.09 |
| 2020-12-31 | $577.20M | $-1.50B | $214.00M | $4.47 |
| 2019-12-31 | $840.20M | $-1.85B | $278.00M | $5.38 |
| 2018-12-31 | $960.10M | $-1.58B | $963.10M | $14.01 |
| 2017-12-31 | $5.47B | $3.01B | $788.70M | $11.31 |
| 2016-12-31 | $7.14B | $2.86B | $517.60M | $5.88 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | - | 13.47% | 15.57% | - |
| 2024-12-31 | - | 7.22% | 9.08% | - |
| 2023-12-31 | - | 16.74% | 24.61% | - |
| 2022-12-31 | - | 5.83% | 9.85% | - |
| 2021-12-31 | - | 24.48% | 38.40% | - |
| 2020-12-31 | -259.89% | 37.08% | 14.06% | 11.54% |
| 2019-12-31 | -219.90% | 33.09% | 17.50% | 57.58% |
| 2018-12-31 | -164.26% | 100.31% | 41.30% | 30.18% |
| 2017-12-31 | 54.89% | 14.41% | 42.51% | 31.59% |
| 2016-12-31 | 40.08% | 7.25% | 31.21% | 15.22% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $3.63B | $4.31B |
| 2024-12-31 | $3.95B | $5.56B |
| 2023-12-31 | $3.84B | $5.29B |
| 2022-12-31 | $4.02B | $8.01B |
| 2021-12-31 | $3.13B | $7.44B |
| 2020-12-31 | $2.83B | $2.81B |
| 2019-12-31 | $3.87B | $2.85B |
| 2018-12-31 | $3.82B | $5.74B |
| 2017-12-31 | $4.19B | $6.08B |
| 2016-12-31 | $1.86B | $5.60B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $2.09B | $56.00M |
| 2024-12-31 | $1.86B | $54.00M |
| 2023-12-31 | $1.99B | $44.00M |
| 2022-12-31 | $1.78B | $33.00M |
| 2021-12-31 | $1.46B | $29.00M |
| 2020-12-31 | $1.83B | $21.00M |
| 2019-12-31 | $1.08B | $55.00M |
| 2018-12-31 | $2.56B | $80.80M |
| 2017-12-31 | $2.37B | $75.10M |
| 2016-12-31 | $1.92B | $76.50M |
Dividend history
- Most recent payment
- 2026-08-31
- Paid in the last twelve months
- $0.92
| Payment date | Dividend per share |
|---|
| 2026-08-31 | $0.23 |
| 2026-05-29 | $0.23 |
| 2026-02-27 | $0.23 |
| 2025-11-07 | $0.23 |
| 2025-08-08 | $0.21 |
| 2025-05-09 | $0.21 |
| 2025-02-14 | $0.21 |
| 2024-11-08 | $0.21 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-22
- Consensus EPS estimate
- $3.42
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-23 | Jun/2026 | $2.52 |
| 2026-04-23 | - | - |
| 2026-01-29 | - | - |
| 2025-10-23 | - | - |
| 2025-07-24 | - | - |
| 2025-07-23 | - | - |
| 2025-04-24 | - | - |
| 2025-04-23 | - | - |
Filings and sources
- Company website
- breadfinancial.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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