Synchrony Financial (SYF) Tax Rate (2013 - 2026)
Synchrony Financial (SYF) reported Tax Rate of 24.47% for Q3 2026, down 0.16 percentage points from 24.63% a year earlier and down 0.91 percentage points from the prior quarter.
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Analysis
Synchrony Financial (SYF) Tax Rate (2013 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Synchrony Financial's Tax Rate came in at 23.66%, up 0.67 percentage points year-over-year; for FY2025, it came in at 23.13%, down 0.02 percentage points from FY2024.
- Tax Rate has a five-year change of +0.21 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 23.15% in FY2024 (+0.22 pp), 22.93% in FY2023 (-0.94 pp), 23.88% in FY2022 (+0.58 pp) and 23.30% in FY2021 (+0.37 pp).
- Five-year quarterly Tax Rate spans a low of 18.37% in Q4 2023 and a high of 25.38% in Q2 2026.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +0.54 percentage points.
- The high point for year-over-year Tax Rate in five years was Q2 2026 (a gain of 2.37 percentage points); the low point was Q4 2023 (a drop of 3.76 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 25.38% (Q2 2026), 23.11% (Q1 2026) and 21.11% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 42.08 Bn | 30.90 Bn | - | 25.99% |
| 2 | Orix | 40.23 Bn | 9.45 Bn | 12.74 Bn | 30.92% |
| 3 | Royalty Pharma | 38.80 Bn | 39.13 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.88 Bn | 24.88 Bn | - | 18.29% |
| 5 | Affirm Holdings | 23.61 Bn | 16.66 Bn | - | 19.95% |
| 6 | Synchrony Financial | 23.04 Bn | -44.59 Bn | - | 24.47% |
| 7 | Royal Gold | 22.12 Bn | 21.35 Bn | 390.45 Mn | 19.69% |
| 8 | Annaly Capital Management | 14.78 Bn | 5.81 Bn | - | - |
| 9 | Ares Capital | 13.97 Bn | 11.72 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.45 Bn | -6.23 Bn | - | 19.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.47% |
| Jun 30, 2026 | 25.38% |
| Mar 31, 2026 | 23.11% |
| Dec 31, 2025 | 21.11% |
| Sep 30, 2025 | 24.63% |
| Jun 30, 2025 | 23.01% |
| Mar 31, 2025 | 23.07% |
| Dec 31, 2024 | 20.45% |
| Sep 30, 2024 | 23.25% |
| Jun 30, 2024 | 23.82% |
| Mar 31, 2024 | 24.30% |
| Dec 31, 2023 | 18.37% |
| Sep 30, 2023 | 24.61% |
| Jun 30, 2023 | 23.32% |
| Mar 31, 2023 | 23.92% |
| Dec 31, 2022 | 22.13% |
| Sep 30, 2022 | 23.75% |
| Jun 30, 2022 | 24.58% |
| Mar 31, 2022 | 24.41% |
| Dec 31, 2021 | 22.35% |
API Access
Synchrony Financial Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SYF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SYF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SYF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();