SLM Corp

SLM Corp

SLM · NASDAQ · Financial Services / Credit Services

17.20USD+0.61 (+3.68%)

Price History

Full chart

Market Stats

Previous Close16.59
Open16.84
Day Range16.62 – 17.27
52-Week Range17.46 – 30.52
Volume2.15M
Market Cap3.65B
P/E (TTM)6.96
Forward P/E7.13
EPS2.79
Dividend Yield2.39%
Beta0.98
50-Day Avg24.48
200-Day Avg23.76

About

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.

Company Details

  • SectorFinancial Services
  • IndustryCredit Services
  • CEOMr. Jonathan W. Witter
  • Employees1.79K
  • Headquarters300 Continental Drive, Newark, DE, United States, 19713, USA
  • Websitehttps://www.salliemae.com

Leadership

  • Mr. Jonathan W. WitterCEO & Director · b. 1970
  • Ms. Kerri A. PalmerCo-President, Chief Operational Officer & Head of Financial Services · b. 1971
  • Mr. Peter M. Graham CPACo-President, CFO & Treasurer · b. 1966
  • Mr. Nicolas JafariehExecutive VP and Chief Legal, Government Affairs & Communications Officer · b. 1975
  • Mr. Steven A. TurnerExecutive VP and Chief Technology & Enablement Officer · b. 1966
  • Kate deLacySenior Director & Head of Investor Relations
  • Mr. William WolfExecutive VP & Chief People Officer · b. 1966
  • Mr. Munish PahwaExecutive VP & Chief Risk Officer · b. 1970
  • Mr. Jeremy BrandonExecutive VP & Chief Audit Officer
  • Mr. Richard M. NelsonSenior VP, Chief Regulatory Counsel & Corporate Secretary

Financials

Income Statement

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue---417.60M478.90M559.20M802.70M936.80M709.10M673.00M1.01B1.26B1.14B1.14B1.33B1.84B3.44B3.14B5.22B6.52B8.75B9.12B1.78B6.09B6.78B5.66B757.79M849.47M831.58M1.01B1.15B1.43B1.88B2.38B2.34B2.41B2.37B1.81B2.99B3.11B
Growth (%)----+14.68%+16.77%+43.54%+16.71%-24.31%-5.09%+50.56%+24.21%-9.45%+0.43%+16.15%+38.67%+86.41%-8.67%+66.25%+24.92%+34.27%+4.21%-80.44%+241.42%+11.25%-16.48%-86.61%+12.10%-2.11%+21.90%+13.06%+25.16%+31.31%+26.36%-1.60%+2.88%-1.79%-23.53%+65.11%+4.10%
Cost of Revenue---2.75B3.02B2.56B1.81B1.48B2.14B3.02B2.61B2.57B1.96B2.15B2.87B2.19B1.32B1.17B1.54B3.26B5.41B8.10B710.84M4.15B3.69B3.70B149.03M158.42M181.34M218.67M345.31M493.85M767.15M1.06B634.80M349.12M1.18B573.44M1.55B1.46B
Gross Profit---417.60M478.90M559.20M802.70M936.80M709.10M673.00M1.01B1.26B1.14B1.14B1.33B1.84B2.12B3.14B3.67B3.26B3.34B1.02B1.78B1.94B3.08B1.96B608.76M691.04M650.23M795.04M800.75M940.55M1.12B1.32B1.71B2.06B1.19B2.02B1.44B1.65B
Gross Margin---100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%61.61%100.00%70.39%49.95%38.18%11.17%100.00%31.80%45.48%34.69%80.33%81.35%78.19%78.43%69.87%65.57%59.27%55.38%72.89%85.51%50.29%111.58%48.22%53.11%
Operating Expense----2.68B-2.95B-2.47B-1.62B-1.23B-2.00B-2.99B-2.17B-2.02B-1.52B-1.71B-2.21B-887.98M893.68M-196.53M1.12B1.14B1.35B1.51B-3.74B1.13B1.99B1.04B266.89M274.52M316.48M355.97M386.31M449.09M556.98M574.25M552.97M519.91M559.24M619.21M641.90M659.14M
Operating Income144.60M181.00M225.10M3.10B3.42B3.03B2.42B2.17B2.71B3.66B3.18B3.28B2.66B2.86B3.54B2.73B1.22B3.33B2.56B2.12B2.00B-492.08M5.53B808.00M1.09B925.00M341.87M416.53M333.75M439.06M414.44M491.46M559.33M743.74M1.15B1.54B630.73M1.40B798.64M992.56M
Operating Margin---742.07%715.01%542.19%301.53%231.73%382.43%543.60%313.80%260.37%233.79%249.49%266.11%148.17%35.60%106.26%49.01%32.49%22.80%-5.40%309.71%13.27%16.09%16.35%45.11%49.03%40.13%43.31%36.16%34.26%29.70%31.25%49.28%63.93%26.66%77.36%26.73%31.92%
EBITDA144.60M181.00M225.10M3.10B3.42B3.03B2.42B2.17B2.71B3.66B3.18B3.28B2.66B2.86B3.54B2.73B1.22B3.33B2.56B2.12B2.00B-492.08M5.53B847.00M1.13B949.00M361.83M429.53M343.14M447.98M424.93M502.64M573.16M758.41M1.17B1.56B655.84M1.40B816.29M1.01B
EBITDA Margin---742.07%715.01%542.19%301.53%231.73%382.43%543.60%313.80%260.37%233.79%249.49%266.11%148.17%35.60%106.26%49.01%32.49%22.80%-5.40%309.71%13.91%16.66%16.77%47.75%50.56%41.26%44.19%37.08%35.04%30.43%31.87%49.92%64.60%27.72%77.36%27.33%32.44%
Net Income144.60M181.00M225.10M257.60M300.90M345.10M393.90M430.10M402.80M496.40M419.40M507.90M501.50M500.80M465.02M384.00M792.00M1.53B1.91B1.38B1.16B-896.39M-212.63M324.00M530.00M633.00M217.62M258.94M194.22M274.28M250.33M288.93M487.48M578.28M880.69M1.16B469.01M563.69M608.33M744.85M
Net Income Margin---61.69%62.83%61.71%49.07%45.91%56.80%73.76%41.39%40.35%44.00%43.75%34.98%20.83%23.05%48.87%36.67%21.21%13.22%-9.83%-11.92%5.32%7.82%11.19%28.72%30.48%23.36%27.06%21.84%20.14%25.88%24.30%37.61%48.17%19.82%31.15%20.36%23.95%
R&D--------------------------00000.360.340.30.310.50.650.270.27--
R&D as % of Total Revenue--------------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense0002.75B3.02B2.56B1.81B1.48B2.14B3.02B2.58B2.53B1.93B2.11B2.84B2.12B1.20B1.02B1.43B3.06B5.12B7.09B5.91B3.04B2.27B2.40B82.91M89.08M95.81M128.62M185.91M308.08M522.29M707.72M541.67M382.08M542.80M13.50M1.14B1.13B
Interest Expense % of Total Revenue---658.79%631.47%458.24%225.76%158.06%302.14%448.84%254.30%200.72%168.90%184.76%213.39%115.22%35.00%32.56%27.48%46.93%58.54%77.70%331.02%49.83%33.57%42.43%10.94%10.49%11.52%12.69%16.22%21.48%27.73%29.74%23.13%15.86%22.94%0.75%38.10%36.19%

Balance Sheet

Currency: USD1986-12-311987-12-311988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets---35.49B41.12B45.32B46.62B46.51B52.96B50.00B47.63B39.83B37.21B44.02B48.79B52.87B53.18B64.61B84.09B99.34B116.14B155.56B168.77B169.99B205.31B193.34B181.26B159.54B12.97B15.21B18.53B21.78B26.64B32.69B30.77B29.22B28.81B29.17B30.07B29.75B
Total Liabilities---34.45B40.03B44.17B45.40B45.23B51.49B48.92B46.58B38.94B36.34B42.97B47.16B51.20B51.18B61.98B80.92B95.54B111.77B150.33B163.76B164.71B200.29B188.09B176.19B153.90B11.14B13.12B16.19B19.31B23.67B29.37B5.19B5.93B27.08B27.29B27.91B27.29B
Total Equity---1.04B1.09B1.15B1.22B1.28B1.47B1.08B1.05B674.60M653.60M840.90M1.42B1.67B2.00B2.63B3.10B3.79B4.36B5.22B5.00B5.28B5.01B5.24B5.07B5.64B1.83B2.10B2.35B2.47B2.97B3.31B25.58B23.29B1.73B1.88B2.16B2.45B
Cash---7.32B7.03B6.04B6.77B1.11B2.26B1.25B270.90M54.00M115.90M589.80M734.47M715.00M758.30M1.65B3.40B2.50B2.62B7.58B4.07B6.07B4.34B2.79B4.98B6.08B2.36B2.42B1.92B1.53B2.56B5.56B4.46B4.33B4.62B4.15B4.70B4.24B
Total Debt---33.59B39.04B43.14B44.44B44.54B50.34B47.53B44.76B37.72B35.40B41.99B45.37B48.35B47.86B58.54B78.12B91.93B108.09B147.05B157.90B155.81B191.53B175.41B173.20B144.27B10.54B1.08B15.60B18.78B23.23B4.64B5.19B5.93B5.24B5.23B6.44B5.86B
Net Debt---26.27B32.01B37.10B37.67B43.43B48.07B46.28B44.49B37.66B35.28B41.40B44.64B47.64B47.10B56.89B74.73B89.43B105.47B139.46B153.83B149.74B187.19B172.61B160.21B133.34B-2.36B-1.34B249.19M1.74B1.73B-920.61M733.92M1.60B619.00M1.08B1.74B1.62B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow140.80M350.10M358.40M370.80M239.30M467.20M185.90M573.60M55.10M124.00M338.20M744.65M839.39M762.64M674.45M-317.22M-698.83M808.42M-51.30M-5.70B-15.91B-6.69B3.08B2.64B2.00B-436.77M-91.20M-200.93M-166.91M-102.74M-15.64M-182.67M-49.52M4.99M-144.64M-329.39M575.52M
Investing Cash Flow-2.87B-5.85B-5.16B-5.41B-833.90M-4.60B2.57B1.64B7.84B2.77B-4.17B851.82M-3.16B-105.15M-7.16B-8.78B-15.67B-14.47B-31.26B-10.67B311.05M7.41B9.47B11.85B9.21B-1.39B-1.85B-3.33B-3.21B-3.25B-2.31B947.33M2.60B1.08B-12.46M675.99M-
Financing Cash Flow6.58B5.21B3.81B977.80M-266.60M5.28B-3.76B-3.20B-8.12B-2.83B4.31B-1.45B2.30B-614.19M7.65B10.64B15.47B13.78B36.27B12.85B17.60B-2.45B-14.10B-13.38B-9.92B2.00B2.00B3.03B2.99B4.40B5.36B-1.88B-2.62B-854.89M-316.23M228.16M-500.21M
Capital Expenditure0000000000317.70M448.75M049.91M00013.82B013.35B000000000002.33B00207.63M00
Free Cash Flow140.80M350.10M358.40M370.80M239.30M467.20M185.90M573.60M55.10M124.00M20.50M295.89M839.39M712.73M674.45M-317.22M-698.83M-13.01B-51.30M-19.05B-15.91B-6.69B3.08B2.64B2.00B-436.77M-91.20M-200.93M-166.91M-102.74M-15.64M2.15B-49.52M4.99M-144.64M-329.39M575.52M
Dividends Paid48.40M67.60M90.30M105.90M118.90M123.60M110.90M101.70M93.60M95.30M99.10M116.15M126.41M142.26M278.38M332.81M376.90M433.33M139.16M110.56M115.78M71.85M172.00M257.00M284.00M12.93M19.59M21.20M15.71M15.64M67.95M56.09M65.20M121.99M118.94M117.47M700.00M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%6.06%39.74%100.00%93.46%100.00%100.00%100.00%-1608.96%100.00%334.24%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%-1175.77%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF34.38%19.31%25.20%28.56%49.69%26.46%59.66%17.73%169.87%76.85%483.41%39.25%15.06%19.96%41.28%-104.92%-53.93%-3.33%-271.27%-0.58%-0.73%-1.07%5.58%9.75%14.20%-2.96%-21.49%-10.55%-9.41%-15.22%-434.44%2.61%-131.65%2443.71%-82.23%-35.66%121.63%

Earnings

Report DateJul 11, 1996Oct 10, 1996Jan 14, 1997Apr 10, 1997Jul 11, 1997Oct 9, 1997Jan 13, 1998Apr 9, 1998Jul 14, 1998Oct 12, 1998Jan 14, 1999Apr 13, 1999Jul 13, 1999Oct 13, 1999Jan 13, 2000Apr 13, 2000Jul 17, 2000Oct 17, 2000Jan 18, 2001Apr 19, 2001Jul 19, 2001Oct 18, 2001Jan 17, 2002Apr 18, 2002Jul 18, 2002Oct 17, 2002Jan 16, 2003Apr 17, 2003Jul 17, 2003Oct 16, 2003Jan 15, 2004Apr 15, 2004Jul 15, 2004Oct 21, 2004Jan 19, 2005Apr 21, 2005Jul 21, 2005Oct 20, 2005Jan 19, 2006Apr 20, 2006Jul 20, 2006Oct 19, 2006Jan 18, 2007Apr 24, 2007Jul 17, 2007Oct 11, 2007Jan 23, 2008Apr 16, 2008Jul 23, 2008Oct 22, 2008Jan 21, 2009Apr 22, 2009Jul 21, 2009Oct 20, 2009Jan 20, 2010Apr 21, 2010Jul 20, 2010Oct 19, 2010Jan 19, 2011Apr 20, 2011Jul 20, 2011Oct 19, 2011Jan 18, 2012Apr 18, 2012Jul 18, 2012Oct 17, 2012Jan 16, 2013Apr 17, 2013Jul 17, 2013Oct 16, 2013Jan 16, 2014Apr 16, 2014Jul 23, 2014Oct 22, 2014Jan 21, 2015Apr 22, 2015Jul 22, 2015Oct 21, 2015Jan 20, 2016Apr 20, 2016Jul 20, 2016Oct 19, 2016Jan 18, 2017Apr 19, 2017Jul 19, 2017Oct 18, 2017Jan 17, 2018Apr 23, 2018Jul 24, 2018Oct 22, 2018Jan 23, 2019Apr 17, 2019Jul 24, 2019Oct 23, 2019Jan 22, 2020Apr 22, 2020Jul 22, 2020Oct 21, 2020Jan 27, 2021Apr 21, 2021Jul 21, 2021Oct 20, 2021Jan 26, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 1, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 24, 2024Jul 24, 2024Oct 23, 2024Jan 23, 2025Apr 24, 2025Jul 24, 2025Oct 23, 2025Jan 22, 2026Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate0.150.160.160.180.200.220.240.250.260.210.220.240.260.250.270.260.230.240.260.280.290.320.340.831.101.221.211.251.330.480.490.510.520.560.570.590.580.630.650.680.690.720.750.750.710.770.280.380.400.330.230.160.100.080.460.280.300.300.690.400.430.360.490.510.540.540.540.610.880.590.690.550.090.170.050.070.200.080.190.110.110.110.140.150.160.170.190.240.230.240.270.300.300.270.330.770.110.130.371.050.370.151.010.811.280.480.470.331.170.320.881.060.760.120.551.180.500.810.941.200.460.12
EPS Actual0.170.170.180.200.200.250.250.270.260.210.220.240.250.260.270.280.240.260.270.240.300.330.342.521.111.211.241.280.440.490.500.510.520.580.580.590.620.690.660.340.700.730.740.570.43-0.85-0.360.480.550.360.08-0.030.310.260.410.370.390.350.740.490.480.360.510.550.490.390.740.741.020.600.600.510.100.180.030.100.200.100.200.140.120.120.150.210.160.170.100.270.250.230.310.340.310.290.330.87-0.220.451.151.770.450.241.050.461.290.29-0.330.471.100.110.721.271.11-0.230.501.400.320.631.121.540.29-0.19
Surprise13.33%6.25%12.50%11.11%0.00%13.64%4.17%8.00%0.00%0.00%0.00%0.00%-3.85%4.00%0.00%7.69%4.35%8.33%3.85%-14.29%3.45%3.13%0.00%203.61%0.91%-0.82%2.48%2.40%-66.92%2.08%2.04%0.00%0.00%3.57%1.75%0.00%6.90%9.52%1.54%-50.00%1.45%1.39%-1.33%-24.00%-39.44%-210.39%-228.57%26.32%37.50%9.09%-65.22%-118.75%210.00%225.00%-10.87%32.14%30.00%16.67%7.25%22.50%11.63%0.00%4.08%7.84%-9.26%-27.78%37.04%21.31%15.91%1.69%-13.04%-7.27%11.11%5.88%-40.00%42.86%0.00%25.00%5.26%27.27%9.09%9.09%7.14%40.00%0.00%0.00%-47.37%12.50%8.70%-4.17%14.81%13.33%3.33%7.41%0.00%12.99%-300.00%246.15%210.81%68.57%21.62%60.00%3.96%-43.21%0.78%-39.58%-170.21%42.42%-5.98%-65.63%-18.18%19.81%46.05%-291.67%-9.09%18.64%-36.00%-22.22%19.15%28.33%-36.96%-258.33%
Timing----Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.65B
Enterprise Value5.54B
Trailing P/E6.96
Forward P/E7.13
PEG Ratio0.58
Price / Sales2.16
Price / Book2.05
EPS2.79
Book Value11.04
Revenue (TTM)1.69B
Gross Profit (TTM)1.69B
Profit Margin43.63%
Operating Margin29.21%
Return on Equity30.33%
Return on Assets2.53%
Shares Outstanding188.00M
Shares Float185.75M
Beta0.98
Dividend Yield2.39%
Dividend Rate0.52
Payout Ratio15.34%

Analyst Ratings

Buy
Based on 11 analystsTarget 25.30
  • Strong Buy
    5
  • Buy
    2
  • Hold
    3
  • Sell
    1

Ownership Breakdown

Institutions
114.24%
Insiders
1.30%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    17.56M9.34%
  • FMR Inc
    17.05M9.07%
  • Brave Warrior Advisors LLC
    13.38M7.12%
  • T. Rowe Price Associates, Inc.
    12.52M6.66%
  • Vanguard Portfolio Management, LLC
    9.62M5.12%
  • Vanguard Capital Management, LLC
    8.20M4.36%
  • Dimensional Fund Advisors, Inc.
    7.90M4.20%
  • Hotchkis & Wiley Capital Management LLC
    7.22M3.84%
  • American Century Companies Inc
    7.21M3.83%
  • Barrow Hanley Mewhinney & Strauss LLC
    6.52M3.47%
  • State Street Corp
    6.51M3.46%
  • Massachusetts Financial Services Company
    6.19M3.29%
  • Impactive Capital LP
    5.31M2.82%
  • The Goldman Sachs Group Inc
    5.20M2.77%
  • Capital Research Global Investors
    4.68M2.49%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    6.70M3.56%
  • Avantis US Small Cap Value ETF
    5.73M3.05%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.71M3.04%
  • Bridge Builder Large Cap Value
    4.70M2.50%
  • Vanguard Small Cap Index
    4.02M2.14%

Dividends

20263×
0.13Sep 4, 20260.13Jun 4, 20260.13Mar 5, 2026
20254×
0.13Dec 4, 20250.13Sep 4, 20250.13Jun 5, 20250.13Mar 5, 2025
20244×
0.13Dec 5, 20240.11Sep 5, 20240.11Jun 6, 20240.11Mar 1, 2024
20234×
0.11Dec 1, 20230.11Aug 31, 20230.11Jun 1, 20230.11Mar 2, 2023
20224×
0.11Dec 1, 20220.11Sep 1, 20220.11Jun 2, 20220.11Mar 3, 2022
20214×
0.11Dec 2, 20210.03Sep 2, 20210.03Jun 3, 20210.03Mar 4, 2021
20201×
0.03Dec 3, 2020

Stock Splits

  • May 1, 20142798:1000
  • Jun 23, 20033:1
  • Jan 5, 19987:2
  • Jul 3, 19895:2