Business Segments — Employee costs
Synchrony Financial Business Segments — Employee costs decreased by 10.4% to $515.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $506.00M to $515.00M. Over 3 years (FY 2022 to FY 2025), Business Segments — Employee costs shows an upward trend with a 7.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal headcount growth or wage inflation, while a decrease could indicate cost-cutting measures or improved operational efficiency.
Detailed definition
Includes all compensation-related expenses for the segment, such as salaries, benefits, bonuses, and payroll taxes. This...
Peer comparison
Standard operating expense line item across all financial institutions, often compared as a percentage of total revenue.
syf_segment_synchrony_segment_employee_costsHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $420.25M | $420.25M | $420.25M | $420.25M | $471.00M | $471.00M | $471.00M | $471.00M | $496.00M | $434.00M | $464.00M | $478.00M | $506.00M | $509.00M | $503.00M | $575.00M | $515.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.1% | +0.0% | +0.0% | +0.0% | +5.3% | -12.5% | +6.9% | +3.0% | +5.9% | +0.6% | -1.2% | +14.3% | -10.4% |
| YoY Change | — | — | — | — | +12.1% | +12.1% | +12.1% | +12.1% | +5.3% | -7.9% | -1.5% | +1.5% | +2.0% | +17.3% | +8.4% | +20.3% | +1.8% |
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Frequently Asked Questions
- What is Synchrony Financial's business segments — employee costs?
- Synchrony Financial (SYF) reported business segments — employee costs of $515.00M in Q1 2026.
- How has Synchrony Financial's business segments — employee costs changed year-over-year?
- Synchrony Financial's business segments — employee costs increased by 1.8% year-over-year, from $506.00M to $515.00M.
- What is the long-term trend for Synchrony Financial's business segments — employee costs?
- Over 3 years (2022 to 2025), Synchrony Financial's business segments — employee costs has grown at a 7.6% compound annual growth rate (CAGR), from $1.68B to $2.09B.
- What does business segments — employee costs mean?
- Total cost of salaries, benefits, and compensation for employees within the segment.