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.

Ticker: SLM
Exchange: Nasdaq
Sector: Financial Services
Industry: Credit Services
Market cap: $3.10B
52-week range: $16.64 - $31.06

Valuation

Share price: $16.94 (close of Nov 6, 2026)
P/E (TTM): 6.07x
Price to book: 1.37x
Price to free cash flow: -8.11x
Enterprise value: $7.37B
Book value per share: $12.34

Price performance

Period	Change
1 day	-3.37%
5 days	-4.83%
1 month	-24.98%
3 months	-38.20%
6 months	-24.81%
Year to date	-37.40%
1 year	-36.70%
3 years	+14.23%
5 years	-8.13%
10 years	+142.69%
All time	+5,860.23%

Short interest

As of: Oct 15, 2026
Short % of float: 10.64%
Shares short: 17.38M
Days to cover: 6.73
Change since prior report: +1.82%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 30.39%
Return on assets: 2.50%
Net margin: 37.54%
Revenue growth: 7.32%
Net income growth: 22.44%

Cash flow and balance sheet

Free cash flow yield (TTM): -12.32%
Net debt to EBITDA: 2.30x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $1.98B
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	$1.98B	$744.85M	$3.52
2024-12-31	$1.85B	$608.33M	$2.73
2023-12-31	$1.81B	$581.39M	$2.44
2022-12-31	$1.82B	$469.01M	$1.78
2021-12-31	$2.03B	$1.16B	$3.67
2020-12-31	$1.81B	$880.69M	$2.27
2019-12-31	$1.67B	$578.28M	$1.31
2018-12-31	$1.36B	$487.48M	$1.08
2017-12-31	$1.13B	$288.93M	$0.63
2016-12-31	$960.15M	$250.33M	$0.54

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	37.54%	30.39%
2024-12-31	32.90%	28.16%
2023-12-31	32.13%	30.91%
2022-12-31	25.72%	27.16%
2021-12-31	57.25%	53.98%
2020-12-31	48.62%	34.36%
2019-12-31	34.58%	17.46%
2018-12-31	35.81%	16.40%
2017-12-31	25.65%	11.68%
2016-12-31	26.07%	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: Sep 4, 2026
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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-22	Sep 2026	$0.12
2026-07-23	Jun 2026	$0.46
2026-04-23	Mar 2026	$1.14
2026-01-22	Dec 2025	$0.95
2025-10-23	Sep 2025	$0.84
2025-07-24	Jun 2025	$0.49
2025-04-24	Mar 2025	$1.19
2025-01-23	Dec 2024	$0.54

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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