SLM Corp (SLM)
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
- Symbol
- SLM
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Credit Services
- Market cap
- $4.56B
- 52 week range
- 17.77 - 31.06
Valuation
- Share price
- $23.61 (close of 2026-09-23)
- P/E (TTM)
- 6.70x
- Price to book
- 1.84x
- Price to free cash flow
- -14.04x
- Enterprise value
- $5.81B
- Book value per share
- $13.17
Price performance
| Period | Change |
|---|
| 1 day | -5.82% |
| 5 days | -9.71% |
| 1 month | -10.77% |
| 3 months | +1.59% |
| 6 months | +17.35% |
| Year to date | -12.75% |
| 1 year | -15.62% |
| 3 years | +73.09% |
| 5 years | +32.05% |
| 10 years | +217.77% |
| All time | +8332.14% |
Profitability and growth
- Return on equity
- 30.39%
- Return on assets
- 2.50%
- Net margin
- 28.35%
- EBITDA margin
- 81.23%
- Revenue growth
- 0.31%
- Net income growth
- 22.44%
- Free cash flow growth
- -21.00%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -7.12%
- Net debt to EBITDA
- 0.60x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.63B
- EBITDA
- $2.13B
- Net income
- $744.85M
- Earnings per share
- $3.52
- Interest expense
- $1.13B
- Shares outstanding
- 207.16M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $2.63B | $744.85M | $3.52 |
| 2024-12-31 | $2.62B | $608.33M | $2.73 |
| 2023-12-31 | $2.59B | $581.39M | $2.44 |
| 2022-12-31 | $2.03B | $469.01M | $1.78 |
| 2021-12-31 | $1.78B | $1.16B | $3.67 |
| 2020-12-31 | $2.02B | $880.69M | $2.27 |
| 2019-12-31 | $2.33B | $578.28M | $1.31 |
| 2018-12-31 | $1.94B | $487.48M | $1.08 |
| 2017-12-31 | $1.44B | $288.93M | $0.63 |
| 2016-12-31 | $1.08B | $250.33M | $0.54 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 28.35% | 30.39% |
| 2024-12-31 | 23.23% | 28.16% |
| 2023-12-31 | 22.43% | 30.91% |
| 2022-12-31 | 23.09% | 27.16% |
| 2021-12-31 | 65.31% | 53.98% |
| 2020-12-31 | 43.56% | 34.36% |
| 2019-12-31 | 24.81% | 17.46% |
| 2018-12-31 | 25.19% | 16.40% |
| 2017-12-31 | 20.10% | 11.68% |
| 2016-12-31 | 23.24% | 10.67% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $4.24B | $5.36B |
| 2024-12-31 | $4.70B | $6.44B |
| 2023-12-31 | $4.15B | $5.23B |
| 2022-12-31 | $4.62B | $5.24B |
| 2021-12-31 | $4.33B | $5.93B |
| 2020-12-31 | $4.46B | $5.19B |
| 2019-12-31 | $5.56B | $4.35B |
| 2018-12-31 | $2.56B | $4.28B |
| 2017-12-31 | $1.53B | $3.28B |
| 2016-12-31 | $1.92B | $2.17B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-398.58M | $40.56M |
| 2024-12-31 | $-329.39M | $40.00M |
| 2023-12-31 | $-144.64M | $36.38M |
| 2022-12-31 | $4.99M | $34.46M |
| 2021-12-31 | $-49.52M | $30.65M |
| 2020-12-31 | $-182.67M | $36.46M |
| 2019-12-31 | $-15.64M | $30.60M |
| 2018-12-31 | $-102.74M | $31.52M |
| 2017-12-31 | $-171.16M | $27.90M |
| 2016-12-31 | $-199.02M | $22.94M |
Dividend history
- Most recent payment
- 2026-09-04
- Paid in the last twelve months
- $0.52
| Payment date | Dividend per share |
|---|
| 2026-09-04 | $0.13 |
| 2026-06-04 | $0.13 |
| 2026-03-05 | $0.13 |
| 2025-12-04 | $0.13 |
| 2025-09-04 | $0.13 |
| 2025-06-05 | $0.13 |
| 2025-03-05 | $0.13 |
| 2024-12-05 | $0.13 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-22
- Consensus EPS estimate
- $0.40
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-23 | Jun/2026 | $0.46 |
| 2026-04-23 | - | - |
| 2026-01-22 | - | - |
| 2025-10-23 | - | - |
| 2025-07-24 | - | - |
| 2025-04-24 | - | - |
| 2025-01-23 | - | - |
| 2024-10-23 | - | - |
Filings and sources
- Company website
- salliemae.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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