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SLM SLM Pre-Tax Income

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Other financials

Income statement

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Net income$308.0M+1.1%
EPS (diluted)$1.54+10.0%

Balance sheet

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Cash & equivalents$5.4B+39.1%
Total debt$6.7B+8.5%
Total equity$2.4B+1.5%
Total assets$29.4B+1.8%

Cash flow

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Operating cash flow-$76.0M+48.0%

Valuation

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Market cap$5.15B-22.4%
Enterprise value$6.44B-26.8%
P/E6.9×-8.1×

Returns & leverage

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Return on equity30.9%+3.3pp
Debt / equity2.7×+0.2×

Where this comes from

Reported directly by SLM in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: SLM’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:33 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001032033-26-000025
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) / (Dollars in thousands, except per share amounts)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Total operating expenses170,361153,588
Acquired intangible assets amortization expense7401,021
Total non-interest expenses171,101154,609
Income before income tax expense400,353403,119
Income tax expense92,39998,579
Net income307,954304,540
Preferred stock dividends3,5553,956
Net income attributable to SLM Corporation common stock$304,399$300,584

Item 1. Financial Statements

FAQ

What is SLM's pre-tax income?
SLM (SLM) reported pre-tax income of $400.35M in Q1 2026.
How has SLM's pre-tax income changed year-over-year?
SLM's pre-tax income decreased by 0.7% year-over-year, from $403.12M to $400.35M.
What is the long-term trend for SLM's pre-tax income?
Over 3 years (2021 to 2025), SLM's pre-tax income has grown at a -13.6% compound annual growth rate (CAGR), from $1.54B to $992.56M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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