Symbols / SLM Stock $22.39 +0.49% SLM Corporation

Financial Services • Credit Services • United States • NMS
SLM (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Credit Services
CEO Mr. Jonathan W. Witter
Exch · Country NMS · United States
Market Cap 4.22B
Enterprise Value 5.44B
Income 732.94M
Sales 1.67B
FCF (ttm) —
Book/sh 11.04
Cash/sh 27.59
Employees 1,788
Insider 10d —
IPO Sep 23, 1983
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 14.44%
P/E 6.22
Forward P/E 6.62
PEG 0.51
P/S 2.54
P/B 2.03
P/C —
EV/EBITDA —
EV/Sales 3.27
Quick Ratio 1.28
Current Ratio 1.30
Debt/Eq 253.08
LT Debt/Eq —
EPS (ttm) 3.60
EPS next Y 3.38
EPS Growth 10.00%
Revenue Growth 2.50%
EPS Gr Q/Q 1.10%
Rev Gr Q/Q —
Earnings (next) 2026-07-23
Earnings (prior) 2026-04-23
ROA 2.57%
ROE 30.93%
ROIC —
Gross Margin 100.00%
Oper. Margin 70.06%
Profit Margin 44.93%
Shs Outstand 188.59M
Shs Float 186.48M
Insider Own 1.26%
Instit Own 113.32%
Short Float 13.88%
Short Ratio 6.92
Short Interest 22.77M
52W High 34.97
vs 52W High -35.97%
52W Low 17.77
vs 52W Low 26.00%
Beta 0.99
Impl. Vol. 71.00%
Rel Volume 1.09
Avg Volume 3.20M
Volume 3.48M
Target (mean) $28.82
Tgt Median $29.00
Tgt Low $23.00
Tgt High $35.00
# Analysts 11
Recom Buy
Prev Close $22.28
Price $22.39
Change 0.49%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$28.82
Mean price target
2. Current target
$22.39
Latest analyst target
3. DCF / Fair value
$54.00
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$22.39
Low
$23.00
High
$35.00
Mean
$28.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main Barclays Overweight → Overweight $30
2026-04-16 main Morgan Stanley Equal-Weight → Equal-Weight $26
2026-04-09 main JP Morgan Underweight → Underweight $22
2026-04-09 main Wells Fargo Overweight → Overweight $29
2026-04-06 main Barclays Overweight → Overweight $27
2026-03-30 up Compass Point Sell → Neutral $22
2026-02-18 main Morgan Stanley Equal-Weight → Equal-Weight $29
2026-01-23 main Wells Fargo Overweight → Overweight $32
2026-01-12 down JP Morgan Neutral → Underweight $25
2025-12-11 main Wells Fargo Overweight → Overweight $30
2025-12-10 main Keefe, Bruyette & Woods Market Perform → Market Perform $29
2025-12-09 down Compass Point Buy → Sell $23
2025-12-09 down Morgan Stanley Overweight → Equal-Weight $31
2025-12-05 main TD Cowen Buy → Buy $40
2025-12-05 main Wells Fargo Overweight → Overweight $35
2025-10-24 main RBC Capital Outperform → Outperform $32
2025-10-24 main Wells Fargo Overweight → Overweight $33
2025-10-24 main Morgan Stanley Overweight → Overweight $36
2025-10-17 main Jefferies Buy → Buy $31
2025-10-07 down JP Morgan Overweight → Neutral $29
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-01 JAFARIEH NICOLAS Officer — 5,488 $0.00 $0
2026-04-01 TURNER STEVEN ALLEN Chief Technology Officer — 58,877 $0.00 $0
2026-03-18 MANVITZ TED Director — 1,242 $0.00 $0
2026-03-18 GREIG HENRY F Director — 1,274 $0.00 $0
2026-03-18 BLACKLEY RICHARD SCOTT Director — 1,402 $0.00 $0
2026-03-12 BLACKLEY RICHARD SCOTT Director — 11,702 $0.00 $0
2026-03-02 GRAHAM PETER M. Chief Financial Officer — 49,314 $0.00 $0
2026-03-02 JAFARIEH NICOLAS Officer — 51,424 $0.00 $0
2026-03-02 PALMER KERRI A Chief Operating Officer — 43,512 $0.00 $0
2026-03-02 PAHWA MUNISH Officer — 23,074 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,984.39
+7.32%
1,849.05
+2.20%
1,809.33
-0.77%
1,823.42
Operating Revenue
1,984.39
+7.32%
1,849.05
+2.20%
1,809.33
-0.77%
1,823.42
Selling General And Administration
380.11
-5.21%
400.99
+7.70%
372.32
+27.82%
291.29
General And Administrative Expense
380.11
-5.21%
400.99
+7.70%
372.32
+27.82%
291.29
Salaries And Wages
345.81
-1.02%
349.39
+6.99%
326.55
+20.79%
270.35
Reconciled Depreciation
16.17
-8.42%
17.65
-0.89%
17.81
+2.77%
17.33
Total Unusual Items
0.00
0.00
+100.00%
-56.95
-2087.94%
-2.60
Total Unusual Items Excluding Goodwill
0.00
0.00
+100.00%
-56.95
-2087.94%
-2.60
Special Income Charges
0.00
0.00
+100.00%
-56.95
-2087.94%
-2.60
Impairment Of Capital Assets
—
—
56.00
—
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
0.95
-63.43%
2.60
Net Income
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Pretax Income
992.56
+24.28%
798.64
+2.61%
778.30
+23.40%
630.73
Net Interest Income
1,501.82
+1.42%
1,480.78
-5.21%
1,562.21
+4.93%
1,488.78
Interest Expense
1,125.43
-1.13%
1,138.26
+10.50%
1,030.09
+89.77%
542.80
Interest Income
2,627.26
+0.31%
2,619.05
+1.03%
2,592.30
+27.60%
2,031.58
Gain On Sale Of Security
-9.79
-2197.43%
0.47
-82.56%
2.68
+104.44%
-60.27
Gain On Sale Of Business
—
—
—
0.00
Tax Provision
247.72
+30.16%
190.31
-3.35%
196.91
+21.76%
161.71
Tax Rate For Calcs
0.00
+5.04%
0.00
-5.93%
0.00
-1.17%
0.00
Tax Effect Of Unusual Items
0.00
0.00
+100.00%
-14.41
-2062.30%
-0.67
Net Income Including Noncontrolling Interests
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Net Income From Continuing Operation Net Minority Interest
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Net Income From Continuing And Discontinued Operation
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Net Income Continuous Operations
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Normalized Income
744.85
+22.44%
608.33
-2.50%
623.93
+32.48%
470.95
Net Income Common Stockholders
729.12
+23.57%
590.03
+4.67%
563.69
+22.54%
459.99
Diluted EPS
3.46
+29.10%
2.68
+11.20%
2.41
+36.93%
1.76
Basic EPS
3.52
+28.94%
2.73
+11.89%
2.44
+37.08%
1.78
Basic Average Shares
207.16
-4.19%
216.22
-6.56%
231.41
-10.46%
258.44
Diluted Average Shares
210.91
-4.10%
219.93
-6.04%
234.06
-10.49%
261.50
Diluted NI Availto Com Stockholders
729.12
+23.57%
590.03
+4.67%
563.69
+22.54%
459.99
Amortization
3.56
-33.23%
5.33
-48.58%
10.36
+33.23%
7.78
Amortization Of Intangibles Income Statement
3.56
-33.23%
5.33
-48.58%
10.36
+33.23%
7.78
Depreciation Amortization Depletion Income Statement
3.56
-33.23%
5.33
-48.58%
10.36
+33.23%
7.78
Depreciation And Amortization In Income Statement
3.56
-33.23%
5.33
-48.58%
10.36
+33.23%
7.78
Insurance And Claims
34.29
-33.55%
51.61
+12.76%
45.77
+118.57%
20.94
Other Non Interest Expense
275.48
+16.94%
235.58
-4.21%
245.93
-4.52%
257.57
Preferred Stock Dividends
15.72
-14.05%
18.30
+3.34%
17.70
+96.09%
9.03
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
29,746.29
-1.08%
30,072.11
+3.09%
29,169.47
+1.24%
28,811.03
Cash And Cash Equivalents
4,241.27
-9.77%
4,700.37
+13.27%
4,149.84
-10.10%
4,616.12
Other Short Term Investments
—
1,933.23
-19.84%
2,411.62
+2.97%
2,342.09
Receivables
1,910.07
-3.15%
1,972.21
+12.95%
1,746.15
+10.17%
1,584.93
Accounts Receivable
1,562.81
+1.05%
1,546.59
+12.08%
1,379.90
+14.80%
1,202.06
Other Receivables
347.26
-18.41%
425.62
+16.21%
366.25
-4.34%
382.87
Net PPE
122.19
+2.38%
119.35
-7.84%
129.50
-7.98%
140.73
Gross PPE
298.97
+3.96%
287.57
+4.52%
275.15
+4.26%
263.91
Accumulated Depreciation
-176.78
-5.09%
-168.22
-15.50%
-145.65
-18.24%
-123.18
Land And Improvements
12.36
+0.00%
12.36
+0.00%
12.36
+0.00%
12.36
Buildings And Improvements
129.11
+3.65%
124.57
+1.85%
122.30
+0.05%
122.24
Machinery Furniture Equipment
157.50
+4.55%
150.65
+7.23%
140.49
+8.65%
129.31
Goodwill And Other Intangible Assets
59.97
-5.60%
63.53
-7.54%
68.71
-41.90%
118.27
Investments And Advances
1,922.71
-8.39%
2,098.86
-17.94%
2,557.67
+2.61%
2,492.71
Total Liabilities Net Minority Interest
27,294.94
-2.21%
27,912.19
+2.28%
27,288.67
+0.76%
27,084.06
Current Debt And Capital Lease Obligation
498.42
0.00
—
—
Current Debt
498.42
0.00
—
—
Other Current Borrowings
498.42
0.00
—
—
Long Term Debt And Capital Lease Obligation
5,362.49
-16.74%
6,440.35
+23.20%
5,227.51
-0.15%
5,235.11
Long Term Debt
5,362.49
-16.74%
6,440.35
+23.20%
5,227.51
-0.15%
5,235.11
Stockholders Equity
2,451.36
+13.49%
2,159.92
+14.84%
1,880.80
+8.91%
1,726.97
Common Stock Equity
2,200.29
+15.27%
1,908.85
+17.13%
1,629.73
+10.42%
1,475.90
Capital Stock
339.72
+0.16%
339.19
+0.14%
338.72
+0.18%
338.10
Common Stock
88.65
+0.60%
88.12
+0.54%
87.65
+0.71%
87.03
Preferred Stock
251.07
+0.00%
251.07
+0.00%
251.07
+0.00%
251.07
Share Issued
443.25
+0.60%
440.60
+0.54%
438.23
+0.71%
435.12
Ordinary Shares Number
199.27
-5.28%
210.38
-4.52%
220.34
-8.45%
240.68
Treasury Shares Number
243.98
+5.98%
230.22
+5.66%
217.89
+12.06%
194.45
Additional Paid In Capital
1,240.25
+3.90%
1,193.75
+3.92%
1,148.69
+3.57%
1,109.07
Retained Earnings
4,734.31
+15.07%
4,114.45
+13.51%
3,624.86
+14.58%
3,163.64
Gains Losses Not Affecting Retained Earnings
-40.13
+39.07%
-65.86
+12.31%
-75.10
+19.99%
-93.87
Treasury Stock
3,822.80
+11.73%
3,421.61
+8.40%
3,156.36
+13.13%
2,789.97
Total Equity Gross Minority Interest
2,451.36
+13.49%
2,159.92
+14.84%
1,880.80
+8.91%
1,726.97
Total Capitalization
7,813.85
-9.14%
8,600.26
+20.99%
7,108.31
+2.10%
6,962.08
Invested Capital
8,061.20
-3.45%
8,349.19
+21.76%
6,857.24
+2.18%
6,711.01
Total Debt
5,860.91
-9.00%
6,440.35
+23.20%
5,227.51
-0.15%
5,235.11
Net Debt
1,619.64
-6.92%
1,739.98
+61.46%
1,077.67
+74.10%
619.00
Net Tangible Assets
2,391.38
+14.07%
2,096.39
+15.69%
1,812.09
+12.64%
1,608.70
Tangible Book Value
2,140.31
+15.99%
1,845.32
+18.21%
1,561.02
+14.98%
1,357.63
Available For Sale Securities
1,873.46
+1567.12%
112.38
+22.73%
91.57
-3.32%
94.72
Cash Cash Equivalents And Federal Funds Sold
4,418.53
-9.35%
4,874.26
+13.37%
4,299.51
-9.92%
4,772.84
Preferred Shares Number
2.51
+0.00%
2.51
+0.00%
2.51
+0.00%
2.51
Preferred Stock Equity
251.07
+0.00%
251.07
+0.00%
251.07
+0.00%
251.07
Trading Securities
49.25
-7.53%
53.26
-2.24%
54.48
-2.54%
55.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-398.58
-21.00%
-329.39
-127.74%
-144.64
-2997.38%
4.99
Cash Flow From Continuing Operating Activities
-398.58
-21.00%
-329.39
-127.74%
-144.64
-2997.38%
4.99
Net Income From Continuing Operations
744.85
+22.44%
608.33
+4.63%
581.39
+23.96%
469.01
Depreciation Amortization Depletion
16.17
-8.42%
17.65
-0.89%
17.81
+2.77%
17.33
Depreciation
16.17
-8.42%
17.65
-0.89%
17.81
+2.77%
17.33
Amortization Cash Flow
—
—
66.36
+753.12%
7.78
Depreciation And Amortization
16.17
-8.42%
17.65
-0.89%
17.81
+2.77%
17.33
Amortization Of Intangibles
—
—
66.36
+753.12%
7.78
Other Non Cash Items
17.81
-30.03%
25.45
-19.75%
31.71
-1.98%
32.35
Stock Based Compensation
40.56
+1.41%
40.00
+9.94%
36.38
+5.57%
34.46
Asset Impairment Charge
3.56
-33.23%
5.33
-91.97%
66.36
+753.12%
7.78
Deferred Tax
50.32
+246.58%
-34.33
-68.20%
-20.41
+76.92%
-88.44
Deferred Income Tax
50.32
+246.58%
-34.33
-68.20%
-20.41
+76.92%
-88.44
Operating Gains Losses
-359.09
-40.64%
-255.33
-56.35%
-163.31
+38.88%
-267.21
Gain Loss On Investment Securities
9.79
+2197.43%
-0.47
+82.56%
-2.68
-104.44%
60.27
Change In Working Capital
-1,260.21
-9.00%
-1,156.12
-10.12%
-1,049.90
-23.71%
-848.65
Change In Receivables
-1,180.38
-6.30%
-1,110.43
-5.35%
-1,054.07
-28.55%
-819.96
Changes In Account Receivables
-1,180.38
-6.30%
-1,110.43
-5.35%
-1,054.07
-28.55%
-819.96
Change In Payables And Accrued Expense
19.31
+213.71%
-16.98
-124.19%
70.20
+607.48%
9.92
Change In Payable
19.31
+213.71%
-16.98
-124.19%
70.20
+607.48%
9.92
Change In Account Payable
-10.96
-420.30%
3.42
-89.78%
33.48
+34.00%
24.99
Change In Other Working Capital
5.65
+180.92%
-6.99
-1132.05%
0.68
+107.80%
-8.67
Change In Other Current Assets
-50.22
-668.87%
-6.53
+83.21%
-38.90
-65.74%
-23.47
Change In Other Current Liabilities
-54.58
-259.58%
-15.18
+45.41%
-27.81
-329.58%
-6.47
Investing Cash Flow
1,046.76
+54.85%
675.99
+5525.30%
-12.46
-101.16%
1,077.39
Cash Flow From Continuing Investing Activities
1,046.76
+54.85%
675.99
+5525.30%
-12.46
-101.16%
1,077.39
Net Investment Purchase And Sale
367.52
-50.37%
740.57
+363.78%
159.68
-22.82%
206.89
Purchase Of Investment
-81.34
+11.48%
-91.88
+13.30%
-105.97
+85.93%
-753.13
Sale Of Investment
448.86
-46.08%
832.45
+213.36%
265.65
-72.33%
960.01
Net Business Purchase And Sale
0.00
0.00
+100.00%
-14.65
+88.52%
-127.65
Purchase Of Business
0.00
0.00
+100.00%
-14.65
+88.52%
-127.65
Gain Loss On Sale Of Business
—
—
—
0.00
Net Other Investing Changes
—
27.58
-45.00%
50.15
+51.05%
33.20
Financing Cash Flow
-1,103.91
-583.84%
228.16
+172.15%
-316.23
+63.01%
-854.89
Cash Flow From Continuing Financing Activities
-1,103.91
-583.84%
228.16
+172.15%
-316.23
+63.01%
-854.89
Net Issuance Payments Of Debt
-590.97
-149.14%
1,202.59
+6352.73%
-19.23
+97.27%
-705.54
Issuance Of Debt
1,730.49
-21.58%
2,206.70
+94.42%
1,135.04
+98.21%
572.64
Repayment Of Debt
-2,321.46
-131.19%
-1,004.12
+13.01%
-1,154.27
+9.69%
-1,278.18
Long Term Debt Issuance
1,730.49
-21.58%
2,206.70
+94.42%
1,135.04
+98.21%
572.64
Long Term Debt Payments
-2,321.46
-131.19%
-1,004.12
+13.01%
-1,154.27
+9.69%
-1,278.18
Net Long Term Debt Issuance
-590.97
-149.14%
1,202.59
+6352.73%
-19.23
+97.27%
-705.54
Net Common Stock Issuance
-368.74
-48.70%
-247.97
+29.21%
-350.26
+50.89%
-713.20
Common Stock Payments
-368.74
-48.70%
-247.97
+29.21%
-350.26
+50.89%
-713.20
Common Stock Dividend Paid
-107.69
-8.59%
-99.17
+2.04%
-101.23
+10.38%
-112.96
Cash Dividends Paid
-123.42
-5.06%
-117.47
+1.24%
-118.94
+2.50%
-121.99
Repurchase Of Capital Stock
-368.74
-48.70%
-247.97
+29.21%
-350.26
+50.89%
-713.20
Net Other Financing Charges
-11.28
-9.17%
-10.33
+3.66%
-10.72
+25.62%
-14.42
Changes In Cash
-455.73
-179.29%
574.75
+221.43%
-473.33
-308.06%
227.49
Beginning Cash Position
4,874.26
+13.37%
4,299.51
-9.92%
4,772.84
+5.00%
4,545.34
End Cash Position
4,418.53
-9.35%
4,874.26
+13.37%
4,299.51
-9.92%
4,772.84
Free Cash Flow
-398.58
-21.00%
-329.39
-127.74%
-144.64
-2997.38%
4.99
Interest Paid Supplemental Data
1,111.85
+0.25%
1,109.08
+15.14%
963.26
+99.44%
482.97
Income Tax Paid Supplemental Data
167.20
-31.29%
243.34
+26.95%
191.69
-29.77%
272.94
Change In Income Tax Payable
30.28
+248.36%
-20.41
-155.57%
36.72
+343.80%
-15.06
Change In Tax Payable
30.28
+248.36%
-20.41
-155.57%
36.72
+343.80%
-15.06
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Dividend Paid
-15.72
+14.05%
-18.30
-3.34%
-17.70
-96.09%
-9.03
Preferred Stock Payments
—
—
—
0.00
Sale Of Business
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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