Slm (SLM) Operating Expenses (2009 - 2026)
Slm's (SLM) quarterly Operating Expenses came in at $195.0 million in Q2 2026, up 16.59% year-over-year from $167.2 million in Q2 2025, and up 13.96% quarter-over-quarter from $171.1 million in Q1 2026.
Analysis
Slm (SLM) Operating Expenses (2009 - 2026) Analysis & Trends
Slm (SLM) has reported Operating Expenses for 18 consecutive years, with $195.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 16.59% year-over-year to $195.0 million in Q2 2026; TTM through Jun 2026 was $703.4 million, a 9.3% increase from a year earlier, with the FY2025 full-year figure at $659.1 million, up 2.69% from the prior year.
- Operating Expenses was $195.0 million for Q2 2026 at Slm, up from $171.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $195.0 million in Q2 2026 and troughed at $131.7 million in Q2 2022.
- A 5-year average of $158.1 million and a median of $156.8 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses grew 18.79% in 2023 and fell 4.35% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $137.8 million in 2022, then grew by 3.88% to $143.1 million in 2023, then gained by 4.56% to $149.6 million in 2024, then increased by 4.85% to $156.9 million in 2025, then climbed by 24.28% to $195.0 million in 2026.
- The last three Operating Expenses figures came in at $195.0 million (Q2 2026), $171.1 million (Q1 2026), and $156.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Synchrony Financial | 24.38 Bn | 8.19 Bn | - | 1.33 Bn |
| 2 | Affirm Holdings | 24.01 Bn | 22.38 Bn | - | 1.02 Bn |
| 3 | FirstCash Holdings | 9.50 Bn | 9.33 Bn | 533.67 Mn | 406.67 Mn |
| 4 | Credit Acceptance | 6.00 Bn | 5.51 Bn | 569.30 Mn | 418.80 Mn |
| 5 | Slm | 4.72 Bn | -77.52 Mn | - | 194.98 Mn |
| 6 | Enova International | 4.35 Bn | 4.22 Bn | 568.07 Mn | 330.92 Mn |
| 7 | Bread Financial Holdings | 4.20 Bn | -15.89 Bn | 957.00 Mn | 483.00 Mn |
| 8 | StoneCo | 2.99 Bn | 1.38 Bn | 308.97 Mn | -41.49 Mn |
| 9 | Ezcorp | 1.88 Bn | 1.57 Bn | 246.19 Mn | 191.37 Mn |
| 10 | Navient | 1.64 Bn | 275.03 Mn | - | 85.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 194.98 Mn |
| Mar 31, 2026 | 171.10 Mn |
| Dec 31, 2025 | 156.89 Mn |
| Sep 30, 2025 | 180.40 Mn |
| Jun 30, 2025 | 167.24 Mn |
| Mar 31, 2025 | 154.61 Mn |
| Dec 31, 2024 | 149.63 Mn |
| Sep 30, 2024 | 172.02 Mn |
| Jun 30, 2024 | 158.60 Mn |
| Mar 31, 2024 | 161.65 Mn |
| Dec 31, 2023 | 143.10 Mn |
| Sep 30, 2023 | 170.24 Mn |
| Jun 30, 2023 | 156.41 Mn |
| Mar 31, 2023 | 156.81 Mn |
| Dec 31, 2022 | 137.76 Mn |
| Sep 30, 2022 | 149.96 Mn |
| Jun 30, 2022 | 131.73 Mn |
| Mar 31, 2022 | 132.01 Mn |
| Dec 31, 2021 | 125.50 Mn |
| Sep 30, 2021 | 140.65 Mn |