Synchrony Financial (SYF) Tax Rate (2013 - 2026)
Synchrony Financial's (SYF) quarterly Tax Rate came in at 25.38% in Q2 2026, up 237.0% YoY from 7.53% in Q2 2025, and up 9.8% on a QoQ basis from 23.11% in Q1 2026.
Analysis
Synchrony Financial (SYF) Tax Rate (2013 - 2026) Analysis & Trends
Synchrony Financial (SYF) has 14 years of Tax Rate data on file, last reported at 25.38% in Q2 2026.
- Quarterly Tax Rate rose 237.0% year-over-year to 25.38% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.75% (up 126.0% YoY) and the FY2025 annual result came in at 23.13%, down 2.0% from the prior year.
- Tax Rate advanced to 25.38% in Q2 2026, from 23.11% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 25.38% in Q2 2026 to a low of 18.37% in Q4 2023.
- A 5-year average of 23.18% and a median of 23.53% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2023 — Tax Rate slumped 376 bps — and 2026, when it soared 237 bps.
- Tracing SYF's Tax Rate over 5 years: 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 advanced by 20 bps to 25.38% in 2026.
- The last three Tax Rate figures came in at 25.38% (Q2 2026), 23.11% (Q1 2026), and 21.11% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 17.64% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 20.01% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 23.61% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 20.90% |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 15.73% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | -856.07% |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 25.38% |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 23.36% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 23.65% |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 26.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.38 |
| Jun 30, 2026 | 25.38 |
| Jun 30, 2026 | 25.38 |
| Mar 31, 2026 | 23.11 |
| Mar 31, 2026 | 23.11 |
| Mar 31, 2026 | 23.11 |
| Dec 31, 2025 | 21.11 |
| Dec 31, 2025 | 21.11 |
| Dec 31, 2025 | 21.11 |
| Sep 30, 2025 | 24.63 |
| Sep 30, 2025 | 24.63 |
| Sep 30, 2025 | 24.63 |
| Jun 30, 2025 | 23.01 |
| Jun 30, 2025 | 23.01 |
| Jun 30, 2025 | 23.01 |
| Mar 31, 2025 | 23.07 |
| Mar 31, 2025 | 23.07 |
| Mar 31, 2025 | 23.07 |
| Dec 31, 2024 | 20.45 |
| Dec 31, 2024 | 20.45 |