---
title: "SLM | 8-K: FY2026 Q2 Revenue: USD 670.34 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293664144.md"
datetime: "2026-07-23T20:34:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293664144.md)
  - [en](https://longbridge.com/en/news/293664144.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293664144.md)
generator: "portal-rs"
---

# SLM | 8-K: FY2026 Q2 Revenue: USD 670.34 M

Revenue: As of FY2026 Q2, the actual value is USD 670.34 M.

EPS: As of FY2026 Q2, the actual value is USD 0.29, missing the estimate of USD 0.4407.

EBIT: As of FY2026 Q2, the actual value is USD 155.88 M.

#### Net Income

-   For Q2 2026, net income was $59 million, a decrease from $71 million in Q2 2025. Net income attributable to common stock for Q2 2026 was $55 million, down from $67 million in Q2 2025.
-   For the six months ended June 30, 2026, net income was $366,479 thousand, compared to $375,812 thousand for the same period in 2025. Net income attributable to SLM Corporation common stock for the six months ended June 30, 2026, was $359,343 thousand, compared to $367,884 thousand for the six months ended June 30, 2025.

#### Net Interest Income

-   Net interest income for Q2 2026 was $333 million, down from $377 million in Q2 2025.
-   For the six months ended June 30, 2026, net interest income was $708,232 thousand, compared to $751,790 thousand for the same period in 2025.

#### Income Before Income Tax Expense (Operating Profit)

-   Income before income tax expense for Q2 2026 was $80,461 thousand, compared to $87,634 thousand in Q2 2025.
-   For the six months ended June 30, 2026, income before income tax expense was $480,814 thousand, compared to $490,753 thousand for the same period in 2025.

#### Non-Interest Expenses

-   Total non-interest expenses were $195 million in Q2 2026, an increase from $167 million in Q2 2025.
-   For the six months ended June 30, 2026, total non-interest expenses were $366,084 thousand, compared to $321,853 thousand for the same period in 2025.

#### Operational Metrics

-   Private Education Loan originations increased by 4.5% from the year-ago quarter.
-   Average loans outstanding, net, totaled $21.1 billion during Q2 2026.
-   SLM Corporation sold $420 million of Private Education Loans in Q2 2026, which included $399 million of principal and $21 million of capitalized interest.
-   The cost of funds was 4.13% in Q2 2026, down from 4.22% in Q2 2025.
-   Net charge-offs were $113 million in Q2 2026, an increase from the year-ago quarter.
-   Delinquencies as a percentage of loans in repayment were 3.72% for Q2 2026, up from 3.51% for Q2 2025.
-   Net interest margin was 4.75% for Q2 2026, compared to 5.31% for Q2 2025.
-   Return on Assets (“ROA”) was 0.8% for Q2 2026, down from 1.0% for Q2 2025. Return on Common Equity (“ROCE”) was 9.9% for Q2 2026, compared to 12.6% for Q2 2025.
-   Private Education Loans held for investment, net, were $19,531 million at June 30, 2026, down from $21,160 million at June 30, 2025.
-   Deposits totaled $19,895 million at June 30, 2026, compared to $20,482 million at June 30, 2025.

#### Capital Deployment

-   The company’s $200 million accelerated share repurchase (ASR) concluded in June 2026, resulting in a total of 9.3 million shares repurchased.
-   As of June 30, 2026, $242 million of capacity remained available under the Company’s 2026 Share Repurchase Program.
-   A quarterly common stock dividend of $0.13 per share was paid on June 15, 2026.

#### 2026 Guidance

-   For the full-year 2026, SLM Corporation expects diluted earnings per common share to be between $3.10 and $3.20. Private Education Loan originations are projected to grow by 12% to 14% year-over-year. Net charge-offs are anticipated to range from $365 million to $385 million, while non-interest expenses are expected to be between $750 million and $780 million.

### Related Stocks

- [SLM.US](https://longbridge.com/en/quote/SLM.US.md)

## Related News & Research

- [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md)
- [Itera ASA to present preliminary Q2 2026 results via webcast](https://longbridge.com/en/news/296590225.md)
- [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md)
- [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296518280.md)
- [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**