Synchrony Financial (SYF-PA) Tax Rate (2013 - 2026)

Synchrony Financial has reported Tax Rate for 14 years, with the latest figure at 23.11% in Q1 2026.

• For the quarter ending Q1 2026, Tax Rate rose 4.0% year-over-year to 23.11%; the trailing twelve-month figure through Mar 2026 stood at 23.14% (up 53.0% YoY), and the FY2025 full-year result was 23.13%, down 2.0% from the prior year.
• Tax Rate for Q1 2026 stood at 23.11%, up from 21.11% in the prior quarter.
• The five-year high for Tax Rate was 24.63% in Q3 2025, with the low at 18.37% in Q4 2023.
• Historically, Tax Rate has averaged 23.05% across 5 years, with a median of 23.32% in 2023.
• Annual changes were most pronounced in 2022 — Tax Rate soared 236 bps — and 2023, when it slumped 376 bps.
• Synchrony Financial's Tax Rate stood at 22.13% in 2022, then slipped by 17 bps to 18.37% in 2023, then rose by 11 bps to 20.45% in 2024, then gained by 3 bps to 21.11% in 2025, then gained by 9 bps to 23.11% in 2026.
• The last three Tax Rate figures came in at 23.11% (Q1 2026), 21.11% (Q4 2025), and 24.63% (Q3 2025), per Business Quant data.