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.

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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 17.64%
2 Mastercard 506.53 Bn 493.04 Bn - 20.01%
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 23.61%
4 Capital One Financial 136.19 Bn 81.48 Bn - 20.90%
5 PayPal Holdings 52.34 Bn 41.08 Bn - 15.73%
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - 25.38%
8 Affirm Holdings 25.93 Bn 24.20 Bn - 4.17%
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 16.45%
10 Ally Financial 13.61 Bn 5.77 Bn 2.08 Bn 23.65%

Historic Data

Download Data
DateValue
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%