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| 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% |