Company research
SLM Corp
CIK 1032033Updated Nov 1, 2026
Name history
USA EDUCATION INC · through May 15, 2002SLM HOLDING CORP · through Jun 14, 2000
SLM price & chart
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NASDAQ:SLM on TradingView ↗In the news
Scholly and Path Founder Files Whistleblower Lawsuit Against Sallie Mae, Alleging the Company Is Using a Shell Company to Sell Millions of Students' Data ↗
SLM Corporation Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SLM News provided by DJS Law Group LLP Jan 29, 2026, 04:43 ET Share this article Share to X Share this article Share to X LOS ANGELES , Jan. 29, 2026 /PRNewswire/ -- The DJS Law Group reminds inv ↗
Seeking Alpha
SLM Corporation 2026 Q3 - Results - Earnings Call Presentation ↗
Sallie Mae lowers 2026 EPS guidance to $1.95-$2.05 while raising net charge-off outlook to $400M-$420M ↗
SLM Corporation (SLM) Q3 2026 Earnings Call Transcript ↗
SEC disclosures
SLM Corp files 8-K: Material Event ↗
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 29,605,422,000Source | 30,012,767,000Source | 28,579,411,000Source | 29,602,917,000Source | 28,768,844,000Source | 29,409,591,000Source | 28,899,184,000Source | 28,277,282,000Source | 29,746,295,000Source | 30,072,110,000Source | 29,169,468,000Source | 28,811,029,000Source |
| Property, Plant and Equipment, NetUSD | 119,286,000Source | 122,972,000Source | 123,433,000Source | 117,821,000Source | 126,440,000Source | 121,546,000Source | 117,426,000Source | 127,414,000Source | 122,193,000Source | 119,354,000Source | 129,501,000Source | 140,728,000Source |
| GoodwillUSD | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 51,000,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,539,341,000Source | 4,489,539,000Source | 4,588,129,000Source | 4,092,465,000Source | 5,262,448,000Source | 5,157,453,000Source | 3,695,076,000Source | 3,584,013,000Source | 4,241,265,000Source | 4,700,366,000Source | 4,149,838,000Source | 4,616,117,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 27,264,124,000Source | 27,879,017,000Source | 26,104,742,000Source | 27,227,930,000Source | 26,485,606,000Source | 26,971,959,000Source | 26,498,328,000Source | 26,163,543,000Source | 27,294,937,000Source | 27,912,190,000Source | 27,288,671,000Source | 27,084,059,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 88,637,000Source | 88,106,000Source | 89,136,000Source | 88,592,000Source | 88,056,000Source | 89,086,000Source | 88,566,000Source | 88,032,000Source | 88,650,000Source | 88,121,000Source | 87,647,000Source | 87,025,000Source |
| Additional Paid in CapitalUSD | 1,231,189,000Source | 1,185,187,000Source | 1,261,748,000Source | 1,218,580,000Source | 1,173,735,000Source | 1,224,442,000Source | 1,209,017,000Source | 1,163,838,000Source | 1,240,250,000Source | 1,193,753,000Source | 1,148,689,000Source | 1,109,072,000Source |
| Retained Earnings (Accumulated Deficit)USD | 4,531,160,000Source | 4,034,640,000Source | 5,041,088,000Source | 4,426,222,000Source | 4,107,980,000Source | 5,010,721,000Source | 4,386,169,000Source | 3,884,694,000Source | 4,734,313,000Source | 4,114,446,000Source | 3,624,859,000Source | 3,163,640,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -45,167,000Source | -50,339,000Source | -43,790,000Source | -60,833,000Source | -78,809,000Source | -38,049,000Source | -55,631,000Source | -77,291,000Source | -40,128,000Source | -65,861,000Source | -75,104,000Source | -93,870,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,341,298,000Source | 2,133,750,000Source | 2,474,669,000Source | 2,374,987,000Source | 2,283,238,000Source | 2,437,632,000Source | 2,400,856,000Source | — | 2,451,358,000Source | — | — | — |
| Liabilities and EquityUSD | 29,605,422,000Source | 30,012,767,000Source | 28,579,411,000Source | 29,602,917,000Source | 28,768,844,000Source | 29,409,591,000Source | 28,899,184,000Source | 28,277,282,000Source | 29,746,295,000Source | 30,072,110,000Source | 29,169,468,000Source | 28,811,029,000Source |
| Additional Financial Items | ||||||||||||
| Long-term DebtUSD | 6,838,995,000Source | 6,036,527,000Source | 5,844,116,000Source | 6,410,978,000Source | 5,403,012,000Source | 5,670,293,000Source | 6,147,473,000Source | 4,976,882,000Source | 5,362,494,000Source | 6,440,345,000Source | 5,227,512,000Source | 5,235,114,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | -45,152,000Source | — | — | — | 304,540,000Source | — | 608,325,000Source | 581,391,000Source | 469,014,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 14,800,000Source | 13,272,000Source | 40,559,000Source | 39,996,000Source | 36,380,000Source | 34,461,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 92,399,000Source | 98,579,000Source | 50,316,000Source | -34,327,000Source | -23,224,000Source | -93,670,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -75,964,000Source | -146,051,000Source | -398,581,000Source | -329,395,000Source | -144,637,000Source | 4,992,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 1,589,163,000Source | 496,928,000Source | 1,046,760,000Source | 675,993,000Source | -12,460,000Source | 1,077,392,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 290,656,000Source | 29,696,000Source | 368,736,000Source | 247,968,000Source | 350,264,000Source | 713,197,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -550,351,000Source | -1,356,576,000Source | -1,103,911,000Source | 228,155,000Source | -316,232,000Source | -854,892,000Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | — | — | — | — | 25,596,000Source | 27,466,000Source | 107,691,000Source | 99,172,000Source | 101,233,000Source | 112,961,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 962,848,000Source | -1,005,699,000Source | -455,732,000Source | 574,753,000Source | -473,329,000Source | 227,492,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 3,732,484,000Source | 4,660,523,000Source | 4,794,987,000Source | 4,256,226,000Source | 5,381,376,000Source | 3,868,561,000Source | 4,418,528,000Source | 4,874,260,000Source | 4,299,507,000Source | 4,772,836,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 287,340,000Source | 300,605,000Source | 1,111,851,000Source | 1,109,084,000Source | 963,260,000Source | 482,974,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 167,203,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 4,000,000Source | 5,000,000Source | 10,000,000Source | 7,779,000Source |
| Debt Securities, Trading, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | 3,000,000Source | — |
| DepreciationUSD | — | — | — | — | — | — | 4,329,000Source | 3,953,000Source | 16,166,000Source | 17,652,000Source | 17,811,000Source | 17,331,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 5,672,000Source | 6,465,000Source | 15,000Source | 5,656,000Source | 696,000Source | 4,520,000Source | 20,898,000Source | 26,007,000Source | 21,893,000Source | 19,698,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | — | 113,564,000Source | — | — | — | — | — | 361,077,000Source | -242,571,000Source | -413,535,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | -5,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 4,000,000Source | — |
| Gain (Loss) on Sale of Financing ReceivableUSD | — | — | — | — | — | — | — | — | — | — | 164,000,000Source | 327,750,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | — | — | 135,958,000Source | -31,000Source | 14,939,000Source | -13,000Source | 146,313,000Source | 187,735,000Source | 368,880,000Source | 254,928,000Source | 160,290,000Source | — |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS)USD | — | — | 4,876,000Source | -3,836,000Source | 8,001,000Source | -2,641,000Source | -2,398,000Source | -10,378,000Source | -9,795,000Source | 467,000Source | 2,678,000Source | -60,267,000Source |
| GoodwillUSD | — | — | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 56,000,000Source | 51,000,000Source |
| Income Tax Expense (Benefit)USD | — | — | 49,963,000Source | -14,410,000Source | 21,936,000Source | 16,362,000Source | 92,399,000Source | 98,579,000Source | 247,716,000Source | 190,311,000Source | 196,905,000Source | 161,711,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 135,850,000Source | -45,152,000Source | 58,525,000Source | 71,272,000Source | 307,954,000Source | 304,540,000Source | 744,847,000Source | 608,325,000Source | 581,391,000Source | 469,014,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 131,856,000Source | -49,800,000Source | 54,944,000Source | 67,300,000Source | 304,399,000Source | 300,584,000Source | 729,122,000Source | 590,029,000Source | 563,686,000Source | 459,985,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | 1,000,000Source | 1,000,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | 0Source | 6,000Source | 5,000Source | -65,000Source | 341,000Source | -269,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 185,813,000Source | -59,562,000Source | 80,461,000Source | 87,634,000Source | 400,353,000Source | 403,119,000Source | 992,563,000Source | 798,636,000Source | 778,296,000Source | 630,725,000Source |
| Income Tax Expense (Benefit)USD | — | — | 49,963,000Source | -14,410,000Source | 21,936,000Source | 16,362,000Source | 92,399,000Source | 98,579,000Source | 247,716,000Source | 190,311,000Source | 196,905,000Source | 161,711,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 135,850,000Source | -45,152,000Source | 58,525,000Source | 71,272,000Source | 307,954,000Source | 304,540,000Source | 744,847,000Source | 608,325,000Source | 581,391,000Source | 469,014,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.64Source | -0.23Source | 0.29Source | 0.32Source | 1.56Source | 1.43Source | 3.52Source | 2.73Source | 2.44Source | 1.78Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.63Source | -0.23Source | 0.29Source | 0.32Source | 1.54Source | 1.4Source | 3.46Source | 2.68Source | 2.41Source | 1.76Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 207,144,000Source | 214,873,000Source | 188,576,000Source | 209,282,000Source | 195,460,000Source | 210,682,000Source | 207,155,000Source | 216,220,000Source | 231,411,000Source | 258,439,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 210,607,000Source | 214,873,000Source | 190,384,000Source | 213,220,000Source | 197,875,000Source | 214,986,000Source | 210,914,000Source | 219,934,000Source | 234,063,000Source | 261,503,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 1,000,000Source | 4,000,000Source | 5,000,000Source | 10,000,000Source | 7,779,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | — | — | — | — | — | — | 0Source | 952,000Source | 2,603,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.13Source | 0.11Source | 0.13Source | 0.13Source | 0.13Source | 0.13Source | 0.52Source | 0.46Source | 0.44Source | 0.44Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 197,400,000Source | 224,638,000Source | 220,129,000Source | 255,381,000Source |
| Debt Securities, Trading, Gain (Loss)USD | — | — | — | — | — | — | — | — | — | — | 3,000,000Source | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | — | — | 113,564,000Source | — | — | — | — | — | 361,077,000Source | -242,571,000Source | -413,535,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | 0Source | 0Source | -5,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 4,000,000Source | — |
| Gain (Loss) on Sales of Mortgage Backed Securities (MBS)USD | — | — | 4,876,000Source | -3,836,000Source | 8,001,000Source | -2,641,000Source | -2,398,000Source | -10,378,000Source | -9,795,000Source | 467,000Source | 2,678,000Source | -60,267,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 1,030,090,000Source | 542,799,000Source |
| InterestExpenseOperatingUSD | — | — | 284,610,000Source | 293,236,000Source | 269,234,000Source | 279,939,000Source | 273,898,000Source | 281,120,000Source | 1,125,431,000Source | 1,138,264,000Source | — | — |
| Interest Income (Expense), NetUSD | — | — | 372,977,000Source | 359,403,000Source | 332,821,000Source | 376,820,000Source | 375,411,000Source | 374,970,000Source | 1,501,824,000Source | 1,480,782,000Source | 1,562,213,000Source | 1,488,781,000Source |
| Labor and Related ExpenseUSD | — | — | 83,667,000Source | 87,566,000Source | 100,253,000Source | 84,900,000Source | 103,446,000Source | 90,830,000Source | 345,814,000Source | 349,387,000Source | 326,554,000Source | 270,354,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 131,856,000Source | -49,800,000Source | 54,944,000Source | 67,300,000Source | 304,399,000Source | 300,584,000Source | 729,122,000Source | 590,029,000Source | 563,686,000Source | 459,985,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | — | — | 3,994,000Source | 4,648,000Source | 3,581,000Source | 3,972,000Source | 3,555,000Source | 3,956,000Source | 15,725,000Source | 18,296,000Source | 17,705,000Source | 9,029,000Source |
Filing attachments
slm102226ex991.htm · 8-K · 2026-10-22
Exhibit 99.1 News Release For Immediate Release Sallie Mae Reports Third Quarter 2026 Financial Results NEWARK, Del., Oct. 22, 2026 - Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third quarter 2026 financial results. Complete financial results and related materials are available at www. SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov. Sallie Mae will host an earnings conference call tod…
Read attachment ↗slm072326ex991.htm · 8-K · 2026-07-23
EX-99.1 2 slm072326ex991.htm EX-99.1 Document Exhibit 99.1 News Release For Immediate Release Sallie Mae Reports Second Quarter 2026 Financial Results NEWARK, Del., July 23, 2026 - Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second quarter 2026 financial results. Complete financial results and related materials are available at www. SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov. …
Read attachment ↗d672122dex41.htm · 8-K · 2026-05-15
EX-4.1 3 d672122dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 SLM CORPORATION AND DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee FIFTH SUPPLEMENTAL INDENTURE Dated as of May 15, 2026 to the INDENTURE Dated as of June 17, 2015 TABLE OF CONTENTS PAGE ARTICLE 1 DEFINITIONS Section 1.01. Relation to Base Indenture 1 Section 1.02. Definition of Terms …
Read attachment ↗d672122dex42.htm · 8-K · 2026-05-15
EX-4.2 4 d672122dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR A NOMINEE OF DTC. THIS NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN DTC OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF …
Read attachment ↗d29837dex991.htm · 8-K · 2026-05-06
EX-99.1 2 d29837dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 News Release For Immediate Release Sallie Mae Announces Tender Offer for Its 3.125% Senior Notes Due 2026 NEWARK, Del., May 6, 2026 - Sallie Mae® (Nasdaq: SLM), formally SLM Corporation (“SLM” or the “Company”) announced today the commencement of a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.125% senior notes (the “Notes”) upon the terms and conditions described in the Company’s Offer to Purc…
Read attachment ↗slm042726ex991.htm · 8-K · 2026-04-27
EX-99.1 2 slm042726ex991.htm EX-99.1 Document Exhibit 99.1 News Release For Immediate Release SALLIE MAE ANNOUNCES SENIOR LEADERSHIP APPOINTMENTS Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Named Co-Presidents of the Company NEWARK, Del., April 27, 2026 - Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced it has named Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer Co-Presidents of the company. Re…
Read attachment ↗