Synchrony Q1 2025 net earnings fall 41% to $757 million; dividend rises 20%
Synchrony reported first quarter 2025 net earnings of $757 million, or $1.89 per diluted share, down 41% from $1.3 billion, or $3.14 per share, a year earlier. The prior-year figure included an $802 million post-tax gain on the Pets Best sale; excluding that gain, the company says adjusted earnings rose 54%. The board approved a new $2.5 billion share repurchase authorization through June 30, 2026, and raised the quarterly dividend 20% to $0.30 per share starting in the second quarter of 2025.
Key points
- Net earnings were $757 million, or $1.89 per diluted share, versus $1.3 billion, or $3.14 per share, in Q1 2024
- Q1 2024 included an $802 million post-tax Pets Best gain on sale; adjusted Q1 2024 net earnings were $491 million, or $1.18 per share
- Net revenue fell 22.5% to $3.7 billion from $4.8 billion, largely reflecting the prior-year Pets Best gain in other income
- Board approved a $2.5 billion repurchase authorization through June 30, 2026, and a dividend of $0.30 per share from Q2 2025
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.