Slm (SLM) Operating Expenses (2009 - 2026)

Slm (SLM) posted quarterly Operating Expenses of $171.1 million for Q1 2026, up 10.67% YoY from $154.6 million in Q1 2025, and up 9.06% sequentially from $156.9 million in Q4 2025.

Slm (SLM) Operating Expenses (2009 - 2026) Analysis & Trends

Slm has disclosed Operating Expenses across 18 years of filings, most recently posting $171.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 10.67% year-over-year to $171.1 million; the TTM figure through Mar 2026 stood at $675.6 million (up 6.42% YoY), while the FY2025 annual figure was $659.1 million, up 2.69% from the prior year.
  • Operating Expenses climbed to $171.1 million in Q1 2026, from $156.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for SLM reached as high as $180.4 million in Q3 2025 and fell as low as $131.7 million in Q2 2022.
  • The 5-year median for Operating Expenses is $156.8 million (2023), against an average of $155.9 million.
  • Annual changes were most pronounced in 2023 — Operating Expenses increased 18.79% — and 2025, when it retreated 4.35%.
  • A 5-year view of Operating Expenses shows it stood at $137.8 million in 2022, then increased by 3.88% to $143.1 million in 2023, then advanced by 4.56% to $149.6 million in 2024, then rose by 4.85% to $156.9 million in 2025, then rose by 9.06% to $171.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $171.1 million, $156.9 million, and $180.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 4.00 Bn
2 Mastercard 465.55 Bn 455.34 Bn - 3.49 Bn
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 13.88 Bn
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 6.87 Bn
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 950.34 Mn
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 891.92 Mn
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 1.24 Bn
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 422.90 Mn
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -363.39 Mn
10 Slm 5.02 Bn -185.81 Mn - 171.10 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 128.01 Mn