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Bread Financial Holdings BFH Interchange revenue, net of retailer share arrangements

Interchange revenue, net of retailer share arrangements at other companies

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Other financials

Income statement

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Revenue$1.0B+4.9%
Gross profit$361.8M
Operating income$382.8M
Net income$181.0M+31.2%
EPS (diluted)$4.15+49.3%

Balance sheet

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Cash & equivalents$4.0B-6.6%
Total debt$85.0M-98.5%
Total equity$3.3B+8.4%
Total assets$22.3B-0.3%

Cash flow

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Operating cash flow$487.0M+23.9%
CapEx$15.0M-40.0%
Free cash flow$482.0M+55.5%

Valuation

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Market cap$4.14B+31.3%
P/E7.4×-3.9×
P/S1.1×+0.2×

Profitability

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Gross margin52%
Operating margin45.9%
Net margin14.4%+7.1pp
FCF margin46.5%+1.9pp

Returns & leverage

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Return on equity17.6%+8.4pp
Debt / equity-1.8×
Current ratio1.5×

Where this comes from

Reported directly by Bread Financial Holdings in its filing.

Tagged under the XBRL concept bfh:InterchangeRevenueNetOfRetailerShareArrangements.

The official record: Bread Financial Holdings’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bread Financial Holdings's interchange revenue, net of retailer share arrangements?
Bread Financial Holdings (BFH) reported interchange revenue, net of retailer share arrangements of -$107M in Q1 2026.
How has Bread Financial Holdings's interchange revenue, net of retailer share arrangements changed year-over-year?
Bread Financial Holdings's interchange revenue, net of retailer share arrangements decreased by 28.9% year-over-year, from -$83M to -$107M.
What is the long-term trend for Bread Financial Holdings's interchange revenue, net of retailer share arrangements?
Over 4 years (2021 to 2025), Bread Financial Holdings's interchange revenue, net of retailer share arrangements has grown at a 3.1% compound annual growth rate (CAGR), from -$368M to -$416M.
What does interchange revenue, net of retailer share arrangements mean?
This represents the net fees earned from payment network transactions after accounting for the portion shared with retail partners. It reflects the company's ability to generate non-interest revenue from card usage while maintaining competitive retailer partnerships. This metric is essential for evaluating the health of the company's co-branded card ecosystem.