For Q2 FY2026 ended June 30, 2026, SLM Corp reported net income of $58.5 million, down 17.9% year-over-year. Diluted EPS was $0.29, a decrease of 9.4% from the prior year. Cash and cash equivalents stood at $4.59 billion, equity at $2.47 billion, and long-term debt at $5.84 billion.
•Net income decreased 17.9% YoY to $58.5 million.
•Diluted EPS fell 9.4% to $0.29.
•Cash and cash equivalents were $4.59 billion.
•Long-term debt totaled $5.84 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.
It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. Founded in 1972 and headquartered in Newark, Delaware, SLM was formerly known as New BLC Corporation before rebranding in December 2013.
SLM Corporation, commonly known as Sallie Mae, originates and services private education loans to students and their families to finance the cost of their education in the United States. The company provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit, as well as interest-bearing omnibus accounts. Its core business focuses on helping students and families bridge the gap between the cost of higher education and other financial aid, scholarships, and federal loans. SLM operates primarily in the credit services industry within the financial services sector.
Where is SLM Corporation listed and what currency does it trade in?
SLM Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol SLM. Its shares trade in US Dollars (USD), reflecting its primary operations in the United States. The company is headquartered in Newark, Delaware, and its stock is part of the US equity market, making it accessible to investors through major brokerage platforms.
What sector and industry does SLM Corporation belong to?
SLM Corporation operates in the Financial Services sector and specifically within the Credit Services industry. This means the company is primarily involved in providing credit-related services, such as originating and servicing private education loans. As a credit services firm, SLM focuses on lending to consumers, particularly students and their families, to finance educational expenses. Its business model involves assessing credit risk, managing loan portfolios, and offering deposit products to fund its lending activities.
Where is SLM Corporation headquartered and what markets does it serve?
SLM Corporation is headquartered in Newark, Delaware, United States. The company serves the US market exclusively, focusing on students and their families across the country. Its private education loans help finance the cost of attendance at eligible institutions, including universities, colleges, and vocational schools. By operating solely in the United States, SLM tailors its products to the US education system and regulatory environment, offering loans that complement federal student aid programs.
How does SLM Corporation make money?
SLM Corporation generates revenue primarily through the origination and servicing of private education loans. It earns interest income from the loans it originates and holds, as well as fees from loan servicing. Additionally, the company offers retail deposit accounts such as high-yield savings accounts, money market accounts, and certificates of deposit, which provide a low-cost funding source for its lending operations. By attracting deposits through competitive interest rates, SLM can fund its loan portfolio while earning a spread between the interest it pays on deposits and the interest it charges on loans. The company also manages interest-bearing omnibus accounts for institutional clients.