BFH · Bread Financial Holdings, Inc.

$109.80 -2.54 (-2.26%) At close · Aug 6

Market Cap

$4.22B

38.42M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$3.85B +0.2%

FY2025

Net Income

$518M +87%

FY2025

Gross Margin

54.06% +2.2pp

FY2020

Operating Margin

6.66% -5.2pp

FY2020

Diluted EPS

$10.89 +98.4%

FY2025

Operating Cash Flow

$2.09B +12.5%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	+0.2%	-3.2%	-5.0%	$3.96B	$3.85B	$3.84B	$4.29B	$3.83B	$3.27B	$4.52B	$5.58B	$5.67B	$5.47B	$5.01B	$6.44B	$5.3B	$4.32B	$3.64B	$3.17B	$2.79B	$1.96B	$2.03B
Interest & Dividend Income	+1.6%	+4.4%	—	$4.98B	$4.91B	$5.02B	$5.15B	$4.68B	$3.87B	$3.95B	$4.83B	$11.6M	—	—	—	—	—	—	—	—	—	—
Net Interest Income	-1.0%	+3.3%	—	$4.18B	$4.06B	$4.06B	$4.27B	$4.18B	$3.49B	$3.45B	$4.19B	—	—	—	—	—	—	—	—	—	—	—
Noninterest Income	—	—	—	—	—	—	—	-$355M	-$213M	-$155M	-$139M	—	—	—	—	—	—	—	—	—	—	—
Total Net Revenue	+0.2%	+3.1%	—	$3.96B	$3.85B	$3.84B	$4.29B	$3.83B	$3.27B	$3.3B	$4.05B	—	—	—	—	—	—	—	—	—	—	—
Cost of Revenue	-5.6%	-11.4%	+3.0%	$2.08B	—	—	—	—	—	$2.08B	$2.69B	$2.54B	$2.47B	$2.6B	$3.81B	$3.22B	$2.55B	$2.11B	$1.81B	$1.55B	$1.35B	$1.34B
Gross Profit	-6.7%	-1.4%	+7.0%	$2.22B	—	—	—	—	—	$2.44B	$2.89B	$3.13B	$3.01B	$2.41B	$2.63B	$2.08B	$1.77B	$1.53B	$1.36B	$1.25B	$610.2M	$683.3M
Gross Margin	—	—	—	—	—	—	—	—	—	54.06%	51.84%	55.23%	54.89%	48.13%	40.77%	39.3%	40.98%	42.15%	42.9%	44.64%	31.06%	33.74%
General & Administrative	-12.8%	-5.3%	+2.1%	$111M	—	—	—	—	—	$105.7M	$150.6M	$162.5M	$159.3M	$135.6M	$138.5M	$141.5M	$109.12M	$108.06M	$95.26M	$85.77M	$99.82M	$82.8M
Amortization of Intangibles	+4.9%	-2.5%	-20.9%	—	$30M	$35M	$37M	$26M	$29M	$34M	$48M	$112.9M	$114.2M	$119.6M	$311.4M	$197.8M	$128.5M	$90.3M	$78.7M	$73.5M	$60.1M	$67.29M
Depreciation & Amortization	-10.9%	-15.3%	-16.6%	$77M	$80M	$90M	$116M	$113M	$123M	$184M	$249M	$487.3M	$497.6M	$512.1M	$492.2M	$313.1M	$216.12M	$166.88M	$153.15M	$143.23M	$125.41M	$143.81M
Restructuring Charges	—	—	—	—	—	—	—	—	—	-$8.2M	$118.1M	—	—	—	—	—	—	—	—	—	—	—
Total Costs & Expenses	-2.8%	-6.8%	+5.3%	$2.69B	—	—	—	—	—	$3.63B	$4.27B	$3.91B	$3.96B	$3.86B	$5.18B	$4.2B	$3.22B	$2.67B	$2.36B	$2.16B	$1.56B	$1.56B
Operating Income	-41.7%	-24.9%	-7.1%	$1.62B	—	—	—	—	—	$301M	$662M	$1.76B	$1.52B	$1.15B	$1.26B	$1.1B	$1.1B	$974.36M	$812.68M	$629.22M	$407.76M	$460.59M
Operating Margin	—	—	—	—	—	—	—	—	—	6.66%	11.86%	31.01%	27.73%	22.94%	19.59%	20.71%	25.44%	26.76%	25.61%	22.54%	20.76%	22.74%
EBITDA	-37.8%	-22.7%	-4.5%	$1.78B	—	—	—	—	—	$485M	$911M	$2.24B	$2.02B	$1.66B	$1.75B	$1.41B	$1.32B	$1.14B	$965.83M	$772.45M	$533.17M	$604.4M
Interest Expense	+20.8%	+10.1%	+11.1%	$909M	—	—	$879M	$503M	$383M	$499M	$638M	$542.3M	$455.4M	$370.9M	$330.2M	$260.5M	$305.5M	$291.46M	$298.59M	$318.33M	$144.81M	$80.44M
Equity in Earnings of Unconsolidated Entities	—	—	—	—	$0	$0	-$6M	-$44M	$2M	$0	—	—	—	—	—	—	—	—	—	—	—	—
Pretax Income	+27.0%	+15.4%	-4.1%	$684M	$615M	$381M	$968M	$300M	$1.04B	$301M	$662M	$1.22B	$1.06B	$779M	$931.6M	$837.9M	$793.41M	$682.9M	$514.1M	$310.89M	$262.95M	$380.15M
Income Tax	+7.3%	+0.2%	-11.7%	$117M	$94M	$102M	$231M	$76M	$247M	$93M	$156M	$269.5M	$293.3M	$298.8M	$326.2M	$321.8M	$297.24M	$260.65M	$198.81M	$115.25M	$86.23M	$147.6M
Net Income	+32.4%	+19.3%	-1.5%	$568M	$518M	$277M	$718M	$223M	$801M	$214M	$278M	$963.1M	$788.7M	$517.6M	$605.4M	$516.1M	$496.17M	$422.26M	—	$193.74M	$143.73M	$206.4M
Net Margin	—	—	—	—	13.47%	7.22%	16.74%	5.83%	24.48%	4.73%	4.98%	17%	14.41%	10.32%	9.4%	9.73%	11.49%	11.6%	—	6.94%	7.32%	10.19%
Net Income Available to Common Stockholders	-6.0%	+9.2%	+9.8%	—	—	—	—	—	$801M	$214M	$269M	$963.1M	$788.7M	$515.8M	$596.5M	$506.3M	$496.17M	$422.26M	$315.29M	$193.74M	$143.73M	—
Comprehensive Income	+37.0%	+11.1%	-0.2%	$570M	$524M	$274M	$720M	$204M	$804M	$309M	$316M	$965.2M	$799.2M	$503M	$534M	$447.1M	$499.8M	$423.45M	$326.73M	$224.98M	—	—
EPS (Basic) USD/shares	+35.3%	+19.9%	+4.5%	—	$11.07	$5.58	$14.39	$4.47	$16.09	$4.47	$5.38	$14.01	$11.31	$5.88	$7.11	$6.96	$8.05	$6.74	$4.96	$2.94	$2.06	$2.30
EPS (Diluted) USD/shares	+34.7%	+19.5%	+4.4%	—	$10.89	$5.49	$14.34	$4.46	$16.02	$4.46	$5.46	$13.96	$11.25	$5.86	$7.06	$6.28	$5.92	$5.25	$4.35	$2.78	$1.99	$2.23
Shares Outstanding (Basic Avg) shares	-2.1%	-0.4%	-4.9%	—	46.8M	49.6M	49.8M	49.9M	49.7M	47.8M	50M	68.79M	69.79M	73.43M	77.56M	70.67M	61.64M	62.66M	63.51M	65.83M	69.87M	89.59M
Shares Outstanding (Diluted Avg) shares	-1.6%	-0.1%	-4.8%	40.7M	47.6M	50.4M	50M	50M	50M	47.9M	50.9M	69.04M	70.04M	73.8M	78.06M	78.19M	83.78M	80.37M	72.43M	69.8M	72.31M	92.27M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $6.62B in buybacks, $668.7M in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

EV/EBIT

—

P/E (TTM)

8.54×

Peer median 13.74×

Peer medians compare against the 24 similar-size Credit Services companies (of 40 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2020	FY2019	FY2018	FY2017
Private Label Services and Credit	$3,756,500,000	$4,547,800,000	$4,597,600,000	$4,170,600,000
Loyalty One	$764,800,000	$1,033,100,000	$1,068,400,000	$1,303,500,000

By Geography (USD)

Component	FY2020	FY2019	FY2018	FY2017
United States	$3,767,700,000	$4,588,300,000	$4,621,300,000	$4,192,500,000
EMEA	$332,600,000	$449,100,000	$463,200,000	$411,400,000
Canada	$286,900,000	$352,200,000	$411,300,000	$726,600,000
Asia Pacific	$80,500,000	$121,700,000	$122,000,000	$129,200,000
Other Geographic Regions	$53,700,000	$70,000,000	$48,800,000	$15,000,000

By Product & Service (USD)

Component	FY2020	FY2019	FY2018
Short-Term Loyalty Programs	$487,700,000	$635,500,000	$613,800,000
Coalition Loyalty Program	$262,500,000	$290,100,000	$352,300,000
Other	$1,900,000	$95,300,000	$91,300,000
Servicing Fees, Net	-$174,900,000	-$180,700,000	-$97,300,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2020	FY2019	FY2018	FY2017
Private Label Services and Credit	$886,900,000	$1,430,700,000	$1,767,500,000	$1,517,400,000
Loyalty One	$110,200,000	$105,400,000	$159,400,000	$167,000,000

Operating Margin by Segment (%)

Component	FY2020	FY2019	FY2018	FY2017
Private Label Services and Credit	23.6%	31.5%	38.4%	36.4%
Loyalty One	14.4%	10.2%	14.9%	12.8%

Key facts CIK 1101215 CUSIP 018581108 13F (30d) 143 filings 128 filers Visit website Investor relations