HIGHOutside partyCustomer
54%
five largest programs
“10-K Item 1A: 'Our five largest programs...accounted in aggregate for 54% of our total interest and fees on loans for the year ended December 31, 2025'”
SYF · Concentration risk · 10-K extracted
Synchrony Financial (SYF) concentration risks
Updated
The most significant concentration Synchrony Financial discloses is five largest programs at 54%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Synchrony Financial’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH2
MEDIUM0
LOW3
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
United States
“10-K Item 1: 'Substantially all of our revenue generating activities are within the United States'”
LOWOutside partyCustomer
Lowe's
“10-K Item 1A: 'Our programs with Lowe's, PayPal...and Sam's Club, each accounted for more than 10% of our total interest and fees on loans'”
LOWOutside partyCustomer
PayPal
“10-K Item 1A: 'Our programs with Lowe's, PayPal...and Sam's Club, each accounted for more than 10% of our total interest and fees on loans'”
LOWOutside partyCustomer
Sam's Club
“10-K Item 1A: 'Our programs with Lowe's, PayPal...and Sam's Club, each accounted for more than 10% of our total interest and fees on loans'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration is program- and customer-driven, and heavily weighted to its largest card partnerships. Its five largest programs together accounted for 54% of total interest and fees on loans — a high-share dependency by disclosed size on a handful of retail partners. Beyond that group, individual programs with Lowe's, PayPal, and Sam's Club each represented more than 10% of total interest and fees on loans, low-share dependencies on their own but additive to the concentrated top tier. Geographically, substantially all revenue-generating activity is within the United States, a high-share, structural domestic exposure. Netting these out, the dominant risk is partner concentration: the company's economics are tied to the renewal and performance of a small set of large retail card programs, any of which could shift the revenue base if it were lost or repriced. The terms and retention of the five largest programs are the variables most worth monitoring.
For the engine’s reasoning on SYF’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Credit Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AGM-A | Federal Agricultural Mortgage C | 3 | 0 | 0 | 3 |
| AFRM | Affirm Holdings, Inc. | 2 | 1 | 0 | 3 |
| SYF● | Synchrony Financial | 2 | 0 | 3 | 5 |
| AXP | American Express Company | 0 | 3 | 1 | 4 |
| ALLY | Ally Financial Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.