SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their ...
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$0.52 per share
$0.52 per share
Est. EPS $0.42 · Revenue $489.40M · 7 analysts
Est. EPS $0.85 · Revenue $463.06M · 7 analysts
EPS $0.32 · Revenue $683.53M
EPS $1.40 · Revenue $862.13M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.1B | +4.1% | -19.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $744.8M | +22.4% | -81.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +53.1% | +10.1% | -40.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +31.9% | +19.4% | -75.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +24.0% | +17.6% | -76.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $575.5M | +274.7% | -77.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +18.5% | +267.8% | -120.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 239.1% | -19.8% | -6.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.28x | -29.9% | -90.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $29.7B | -1.1% | -2.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.46 vs 3.29 | +5.2% | 0.29 vs 0.42 | -30.7% |
| Revenue Surprise | $3.1B vs $2.0B | +57.5% | $670.3M vs $489.4M | +37.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 17, 2026 | Manvitz Ted | director | Common Stock | A | 1,062 | — |
| Jun 17, 2026 | GREIG HENRY F | director | Common Stock | A | 1,089 | — |
| Jun 17, 2026 | Blackley Richard Scott | director | Common Stock | A | 1,198 | — |
| Jun 16, 2026 | Wolberg Kirsten O. | director | Common Stock | A | 7,349 | — |
| Jun 16, 2026 | Schneck-Last Vivian C. | director | Common Stock | A | 7,349 | — |
Operator : Welcome to the Sallie Mae Second Quarter 2026 Earnings Conference Call. I would now like to turn the call over to Kate deLacy, Vice President, Investor Relations. Please go ahead. Kate deLacy : Thank you, Madison. Good evening, and welcome to Sallie Mae's Second Quarter 2026 Earnings Call. It is my pleasure to be here today with Jon Witter, our CEO; Pete Graham, our Co-President and CFO; and Melissa Bronaugh, Managing Vice President of Strategic Finance. After the prepared remarks, we will open the call for questions. Before we begin, keep in mind, our discussion will contain predictions, expectations and forward-looking statements. Actual results in the future may be materially different from those discussed here due to a variety of factors. Listeners should refer to the discussion of those factors in the company's Form 10-Q and other filings with the SEC. For Sallie Mae, these factors include, among others, results of operations, financial conditions and/or cash flows, as well as any potential impacts of various external factors on our business. We undertake no obligation to update or revise any predictions, expectations or forward-looking statements to reflect events or circumstances that occur after today, Thursday, July 23, 2026. Thank you, and I'll now turn the call over to Jon. Jonathan Witter : Thank you, Kate, and Madison. Good evening, everyone. Thank you for joining us to discuss Sallie Mae's Second Quarter 2026 results. Before we dive into the quarter's results, it's worth taking a moment to reflect on the strong position we enjoy today as a company. It's been just over a year since the federal PLUS reform reshaped the higher education financing landscape and created the potential for a $4.5 billion to $5 billion increase in annual originations for Sallie Mae over the next several years. Since then, we have been diligently preparing for this exciting opportunity to serve more students and families, strengthening our product offering, investing in our capabilities and positioning the company for our first peak season under the revised federal programs. At the same time, we have remained focused on supporting our school partners and maintaining our industry-leading status as a preferred lender for more than 2,100 schools. I'm pleased to announce that we have successfully delivered all of the additional products, features and functions we planned for this peak season, including enhancements to our medical, dental, law and MBA products and the launch of our new parent loan. While peak season is just beginning and it's too early for definitive conclusions, the application and volume trends for these new products, as shared on Page 5 of our earnings presentation, are at the higher end of our expectations or better. These trends, if sustained, reinforce our confidence in both our 2026 originations, estimates and the longer-term opportunity presented by changes to the PLUS programs. We are pleased with our performance and the …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jonathan W. Witter | Chief Executive Officer & Director | USD 2,816,739 | Male | 1970 | Active |
Nicolas Jafarieh | Executive Vice President and Chief Legal, Government Affairs & Communications Officer | USD 1,525,569 | Male | 1975 | Active |
Peter Graham | Co-President, CFO & Treasurer | USD 1,450,254 | Male | 1966 | Active |
Kerri A. Palmer | Co-President, Chief Operational Officer & Head of Financial Services | USD 1,420,712 | Female | 1971 | Active |
Munish Pahwa | Executive Vice President & Chief Risk Officer | USD 1,346,928 | Male | 1970 | Active |
Jeremy Brandon | Executive Vice President & Chief Audit Officer | — | Male | — | Active |
Richard Nelson | Senior Vice President, Chief Regulatory Counsel & Corporate Secretary | — | Male | — | Active |
Steve Turner | Executive VP and Chief Technology & Enablement Officer | — | Male | 1966 | Active |
Kate deLacy | Senior Director & Head of Investor Relations | — | — | — | Active |
William Wolf | Executive Vice President & Chief People Officer | — | Male | 1966 | Active |
SLM misses Q2 earnings and revenue estimates as lower net interest income, higher expenses and margin pressure weigh on the results despite loan origination growth.
SLM Corporation (SLM) Q2 2026 Earnings Call Transcript
Although the revenue and EPS for Sallie Mae (SLM) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sallie Mae (SLM) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.32 per share a year ago.
SLM NASDAQ: SLM, known as Sallie Mae, reported second-quarter 2026 GAAP diluted earnings of $0.29 per share and said early indicators from the first peak season following Federal PLUS reform are tracking at the high end of expectations or better.
