BREAD FINANCIAL HOLDINGS, INC. BFH

Financials SIC 6141 - Personal Credit Institutions NAICS Finance and Insurance › Credit Intermediation and Related Activities › Nondepository Credit Intermediation › Other Nondepository Credit Intermediation › Consumer Lending derived NYSE

We are a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel and entertainment, health and beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

We have continued to diversify our product mix with our brand partners through growth of our co-brand credit card programs, which, relative to our private label credit card programs, have higher credit sales per account and an improved credit risk mix that generally results in higher transactor balances, lower delinquencies and late fees, as well as lower losses. We also offer our proprietary credit cards along with the expansion of our Bread Pay products, which are our installment loans and "split-pay" offerings.

Last close 99.89 2026-10-23
Market cap $3.84B 2026-06-30 share count
52-week range 59.26 - 114.53

Valuation FY2025 figures against the last close

P/S0.8x
P/E9.2x
P/FCF1.8x
EV/EBITDA—
Dividend yield1.0%
Diluted EPS10.89

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.91B$5.02B$5.14B$4.68B$3.87B$3.95B$4.83B$960.1M$5.47B$5.01B
Cost of revenue —————$2.08B$2.69B$2.54B$2.47B$2.60B
Gross profit —————$1.87B$2.14B-$1.58B$3.01B$2.41B
SG&A —————$105.7M$150.6M$162.5M$159.3M$135.6M
Total operating expenses —————$3.63B$4.27B$3.91B$3.96B$3.86B
Operating income —————$301.0M$662.0M$1.76B$1.52B$1.15B
Interest expense $4.06B$4.06B$4.27B$4.18B$383.0M$499.0M$638.0M$542.3M$455.4M$370.9M
Pre-tax income $615.0M$381.0M$968.0M$300.0M$1.04B$301.0M$662.0M$1.22B$1.06B$779.0M
Income tax $94.0M$102.0M$231.0M$76.0M$247.0M$93.0M$156.0M$269.5M$293.3M$298.8M
Net income $518.0M$277.0M$718.0M$223.0M$801.0M$214.0M$278.0M$963.1M$788.7M$517.6M
EPS, basic 11.075.5814.394.4716.094.475.3817.5614.177.37
EPS, diluted 10.895.4914.344.4616.024.465.4617.4914.107.34
Shares, diluted (wtd. avg.) 47.6M50.4M50.0M50.0M50.0M47.9M50.9M55.1M55.9M58.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.60B$3.68B$3.59B$3.93B$3.92B$3.46B$3.96B$3.97B$4.31B$1.97B
Short-term investments $26.0M$272.0M$250.0M$130.0M$80.0M$29.0M————
Receivables —————$383.8M$451.1M$404.0M$822.3M$797.2M
Inventory —————$164.3M$218.0M$248.0M$234.1M$271.3M
Total current assets —————$19.63B$24.11B$24.71B$24.71B$19.59B
Property, plant and equipment $117.0M$142.0M$167.0M$195.0M$215.0M$213.0M$282.3M$288.2M$613.9M$586.0M
Goodwill $634.0M$634.0M$634.0M$634.0M$634.0M$634.0M$954.9M$954.8M$992.8M$3.80B
Other intangibles $82.0M$112.0M$128.0M$165.0M$53.0M$77.0M$153.3M$217.4M$800.6M$1.00B
Total assets $22.66B$22.89B$23.14B$25.41B$21.75B$22.55B$26.49B$30.39B$30.68B$25.51B
Accounts payable —————$328.2M$300.8M$486.2M$651.2M$568.3M
Short-term debt ———————$144.5M$131.3M$814.5M
Total current liabilities —————$10.42B$11.87B$11.48B$10.15B$9.23B
Long-term debt $4.31B$5.56B$5.29B$8.01B$7.44B$2.81B$2.85B$5.74B$6.08B$5.60B
Total liabilities $19.34B$19.84B$20.22B$23.14B$19.66B$21.02B$24.91B$28.06B$28.83B$23.86B
Retained earnings $1.48B$999.0M$767.0M$93.0M-$87.0M$4.83B$5.16B$5.01B$4.17B$3.49B
Total equity $3.33B$3.05B$2.92B$2.27B$2.09B$1.52B$1.59B$2.33B$1.86B$1.66B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.09B$1.86B$1.99B$1.85B$1.54B$1.88B$1.22B$2.75B$2.60B$2.13B
Depreciation and amortisation $80.0M$90.0M$116.0M$113.0M$123.0M$184.0M$249.0M$487.3M$497.6M$512.1M
Stock-based compensation $56.0M$54.0M$44.0M$33.0M$29.0M$21.0M$55.0M$80.8M$75.1M$76.5M
Capital expenditure ———$68.0M$84.0M$54.0M$142.0M$199.8M$225.4M$207.0M
Investing cash flow -$1.37B-$1.17B$788.0M-$5.11B-$1.69B$1.77B$2.86B-$1.87B-$4.27B-$4.29B
Financing cash flow -$807.0M-$592.0M-$3.09B$3.27B$608.0M-$4.17B-$4.09B-$1.22B$4.00B$2.64B
Dividends paid $40.0M$43.0M$42.0M$43.0M$42.0M$61.0M$127.0M$125.2M$115.5M$30.0M
Buybacks $313.0M$55.0M$35.0M$12.0M$0—$976.0M$443.2M$553.7M$798.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-144512.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 5B Gross profit, FY2016: 2.4B Net income, FY2016: 517.6M Revenue, FY2017: 5.5B Gross profit, FY2017: 3B Net income, FY2017: 788.7M Revenue, FY2018: 960.1M Gross profit, FY2018: -1.6B Net income, FY2018: 963.1M Revenue, FY2019: 4.8B Gross profit, FY2019: 2.1B Net income, FY2019: 278M Revenue, FY2020: 4B Gross profit, FY2020: 1.9B Net income, FY2020: 214M Revenue, FY2021: 3.9B Net income, FY2021: 801M Revenue, FY2022: 4.7B Net income, FY2022: 223M Revenue, FY2023: 5.1B Net income, FY2023: 718M Revenue, FY2024: 5B Net income, FY2024: 277M Revenue, FY2025: 4.9B Net income, FY2025: 518M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.01B $5.47B $960.1M $4.83B $3.95B $3.87B $4.68B $5.14B $5.02B $4.91B
Gross profit $2.41B $3.01B -$1.58B $2.14B $1.87B — — — — —
Net income $517.6M $788.7M $963.1M $278.0M $214.0M $801.0M $223.0M $718.0M $277.0M $518.0M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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