Sallie Mae
Originates private education loans and deposit products for students and families.
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Profile
Originates and services private education loans for students and families and offers FDIC-insured deposit products. The post-2014 consumer bank uses campus relationships, online channels, and direct marketing to distribute loans that are not government-made, insured, or guaranteed.
Originates and services Private Education Loans for students and families, while offering FDIC-insured deposit products. Distribution combines campus financial-aid-office relationships with online and direct marketing; its relationship-management team works with more than 2,100 higher-education institutions.
The present consumer bank emerged from the 2014 separation of Navient and includes Sallie Mae Bank, an industrial bank established in 2005. It is a focused private-education lender rather than the former broader student-loan organization. Its loans are not made, insured, or guaranteed by state or federal governments, and its team members are all based in the United States.
Company facts
Categories
Key statistics
Year to date −3.6% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | Wells Fargo | Target | $29 | $28 | ||
| Jul 20, 2026 | Morgan Stanley | Reiterate | Equal Weight | $27 | $28 | |
| Jul 10, 2026 | RBC Capital | Reiterate | Outperform | $28 | $29 | |
| Jul 7, 2026 | Barclays | Downgrade | Overweight | Equal Weight | ||
| Apr 24, 2026 | Morgan Stanley | Target | $26 | $27 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.44 | $0.29 | −33.4% | $409.2M | $401.1M | −2.0% | +0.45% |
| Apr 23, 2026Q1 FY26 | $1.14 | $1.54 | +35.1% | $530.5M | $560.0M | +5.6% | +1.75% |
| Jan 22, 2026Q4 FY25 | $0.95 | $1.12 | +17.9% | $442.4M | $454.1M | +2.6% | +3.45% |
| Oct 23, 2025Q3 FY25 | $0.80 | $0.63 | −21.0% | $545.2M | $830.3M | +52.3% | +3.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $862.1M | $683.5M | $830.3M | $733.9M | $833.9M | $670.3M | |
| Gross profit | $557.7M | $254.9M | $366.2M | $472.9M | $571.5M | $275.4M | |
| Operating income | $403.1M | $87.6M | $185.8M | $316.0M | $400.4M | $80.5M | |
| Net income | $304.5M | $71.3M | $135.9M | $233.2M | $308.0M | $58.5M | |
| Diluted EPS | $1.40 | $0.32 | $0.63 | $1.11 | $1.54 | $0.29 | |
| Gross margin | 64.7% | 37.3% | 44.1% | 64.4% | 68.5% | 41.1% | |
| Operating margin | 46.8% | 12.8% | 22.4% | 43.1% | 48.0% | 12.0% |
Fiscal years (4-quarter sums)FY21 $2.41B · FY22 $2.37B · FY23 $2.84B · FY24 $2.99B · FY25 $3.11B
Balance sheet, Jun 30, 2026Cash & short-term investments $4.64B · Total debt $5.84B · Total assets $28.58B · Shareholders' equity $2.47B
Dividends
Raised for 6 straight years — most recently to $0.13 from $0.11 in Dec 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 15 | $0.13 | |
| Mar 5, 2026 | Mar 5 | Mar 16 | $0.13 | |
| Dec 4, 2025 | Dec 4 | Dec 15 | $0.13 | |
| Sep 4, 2025 | Sep 4 | Sep 15 | $0.13 | |
| Jun 5, 2025 | Jun 5 | Jun 16 | $0.13 | |
| Mar 5, 2025 | Mar 5 | Mar 17 | $0.13 | |
| Dec 5, 2024 | Dec 5 | Dec 16 | $0.13 | raised from $0.11 |
| Sep 5, 2024 | Sep 5 | Sep 16 | $0.11 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 188.00M · Float 185.75M · 98.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.56M | 9.34% | 13F | Aug 7, 2026 |
| FMR LLC | 17.05M | 9.07% | 13F | Aug 13, 2026 |
| Brave Warrior Advisors, LLC | 13.38M | 7.12% | 13F | Aug 14, 2026 |
| T. Rowe Price Associates, Inc. | 12.52M | 6.60% | 13G | Aug 14, 2026 |
| Price T Rowe Associates Inc /MD/ | 12.52M | 6.66% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- SoFi
Private student-loan refinancing and in-school lending overlap
- Citizens Financial Group
Bank-originated private student loans overlap
- Navient
Earnest-branded private in-school and refinance lending overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sallie Mae | $26.41 | −0.02% | $4.97B | 7.4 | 8.7 | 1.6 | −41.3% |
| SoFi | $18.08 | +0.22% | $23.17B | 37.6 | 24.5 | 4.1 | +41.0% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| Navient | $9.47 | +0.16% | $889.1M | — | 11.1 | 0.3 | −81.4% |
| Median | 26.4 | 11.9 | 2.6 | +12.1% |