BFH · Bread Financial Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.85B | $3.84B | $4.29B | $3.83B | $3.30B | $4.52B |
| Cost of Revenue | - | - | - | - | - | $2.08B |
| Gross Profit | - | - | - | - | - | $2.44B |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | $105.70M |
| Total Operating Expenses | - | - | - | - | - | $3.63B |
| D&A | $80.00M | $90.00M | $116.00M | $113.00M | $123.00M | $183.80M |
| Operating Income | $615.00M | $381.00M | $968.00M | $300.00M | $1.04B | $888.40M |
| Interest Expense | - | - | $879.00M | $503.00M | $383.00M | $493.90M |
| Income Tax | $94.00M | $102.00M | $231.00M | $76.00M | $247.00M | $99.50M |
| Net Income | $518.00M | $277.00M | $718.00M | $223.00M | $801.00M | $213.70M |
| EPS - Basic | $11.07 | $5.58 | $14.39 | $4.47 | $16.09 | $3.57 |
| EPS - Diluted | $10.89 | $5.49 | $14.34 | $4.46 | $16.02 | $3.56 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.60B | $3.68B | $3.59B | $3.89B | $3.05B | $3.08B |
| Accounts Receivable | - | - | - | - | - | $383.80M |
| Inventory | - | - | - | - | - | $164.30M |
| Accounts Payable | - | - | - | - | - | $328.20M |
| Current Assets | - | - | - | - | - | $19.63B |
| Total Assets | $22.66B | $22.89B | $23.14B | $25.41B | $21.75B | $22.55B |
| Current Liabilities | - | - | - | - | - | $10.42B |
| Long-term Debt | $4.31B | $5.56B | $5.29B | $8.01B | $1.99B | $2.81B |
| Total Liabilities | $19.34B | $19.84B | $20.22B | $23.14B | $19.66B | $21.03B |
| Stockholders' Equity | $3.33B | $3.05B | $2.92B | $2.27B | $2.09B | $1.52B |
| Retained Earnings | $1.48B | $999.00M | $767.00M | $93.00M | ($87.00M) | $4.83B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.09B | $1.86B | $1.99B | $1.85B | $1.54B | $1.88B |
| Investing Cash Flow | ($1.37B) | ($1.17B) | $788.00M | ($5.11B) | ($1.69B) | $1.77B |
| Financing Cash Flow | ($807.00M) | ($592.00M) | ($3.09B) | $3.27B | $608.00M | ($4.17B) |
| CapEx | - | - | - | $68.00M | $84.00M | $54.00M |
| Free Cash Flow | - | - | - | $1.78B | $1.46B | $1.83B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | 54.1% |
| Operating margin | 16.0% | 9.9% | 22.6% | 7.8% | 31.7% | 19.6% |
| EBITDA margin | 18.1% | 12.3% | 25.3% | 10.8% | 35.4% | 23.7% |
| Net margin | 13.5% | 7.2% | 16.7% | 5.8% | 24.3% | 4.7% |
| Free cash flow margin | - | - | - | 46.5% | 44.2% | 40.4% |
| FCF / Net income | - | - | - | 7.98 | 1.82 | 8.56 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | 2.3% |
| Effective tax rate | 15.4% | 26.9% | 24.3% | 25.4% | 23.6% | 31.8% |
| Return on assets | 2.3% | 1.2% | 3.1% | 0.9% | 3.7% | 0.9% |
| Return on equity | 15.6% | 9.1% | 24.6% | 9.8% | 38.4% | 14.0% |
| Return on invested capital | 6.8% | 3.2% | 8.9% | 2.2% | 19.6% | 14.0% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | 1.88 |
| Quick ratio | - | - | - | - | - | 1.87 |
| Cash ratio | - | - | - | - | - | 0.30 |
| Leverage | ||||||
| Debt / Equity | 1.29 | 1.82 | 1.81 | 3.54 | 0.95 | 1.84 |
| Debt / Assets | 0.19 | 0.24 | 0.23 | 0.32 | 0.09 | 0.12 |
| Debt / EBITDA | 6.20 | 11.80 | 4.88 | 19.39 | 1.70 | 2.62 |
| Interest coverage | - | - | 1.1x | 0.6x | 2.7x | 1.8x |
| Equity multiplier | 6.81 | 7.50 | 7.93 | 11.22 | 10.42 | 14.82 |
| Liabilities / Assets | 0.85 | 0.87 | 0.87 | 0.91 | 0.90 | 0.93 |
| Efficiency | ||||||
| Asset turnover | 0.17 | 0.17 | 0.19 | 0.15 | 0.15 | 0.20 |
| Inventory turnover | - | - | - | - | - | 12.64 |
| Days sales outstanding | - | - | - | - | - | 31d |
| Days inventory outstanding | - | - | - | - | - | 29d |
| Days payable outstanding | - | - | - | - | - | 58d |
| Cash conversion cycle | - | - | - | - | - | 2d |
| Valuation | ||||||
| P / E | 6.8x | 11.1x | 2.3x | 8.4x | 4.2x | 16.6x |
| P / B | 1.1x | 1.0x | 0.6x | 0.8x | 1.6x | 1.9x |
| P / S | 0.9x | 0.8x | 0.4x | 0.5x | 1.0x | 0.6x |
| EV / EBITDA | 6.1x | 10.5x | 3.1x | 14.5x | 1.9x | 2.4x |
| Growth | ||||||
| Revenue growth (YoY) | 0.2% | -10.5% | 12.1% | 16.0% | -27.1% | -19.0% |
| Revenue CAGR (3y) | 0.2% | 5.2% | -1.7% | -11.8% | -24.9% | -16.3% |
| Revenue CAGR (5y) | -3.2% | -7.2% | -11.3% | -13.1% | -14.3% | -6.8% |
| Gross profit growth (YoY) | - | - | - | - | - | -15.5% |
| Operating income growth (YoY) | 61.4% | -60.6% | 222.7% | -71.3% | 17.5% | -32.0% |
| Net income growth (YoY) | 87.0% | -61.4% | 222.0% | -72.2% | 274.8% | -23.1% |
| EPS growth (YoY) | 98.4% | -61.7% | 221.5% | -72.2% | 350.1% | -34.8% |
| EPS CAGR (3y) | 34.7% | -30.0% | 59.1% | -6.5% | -2.9% | -36.8% |
| EPS CAGR (5y) | 25.1% | 0.1% | -3.9% | -20.6% | 16.9% | -16.7% |
| FCF growth (YoY) | - | - | - | 22.0% | -20.2% | 70.0% |
| FCF CAGR (5y) | - | - | - | -1.2% | -5.0% | 3.8% |
| Book value growth (YoY) | 9.0% | 4.6% | 28.8% | 8.6% | 37.1% | -4.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2020-12-31.
Business segments
$4.52B totalPrivate Label Services And Credit$3.76B · 83.1%
Loyalty One$764.80M · 16.9%
Product / service
$577.10M totalShort Term Loyalty Programs$487.70M · 84.5%
Coalition Loyalty Program$262.50M · 45.5%
Other$1.80M · 0.3%
Servicing Fees Net($174.90M) · -30.3%
Geographic
$764.80M totalEMEA$332.60M · 43.5%
CA$286.90M · 37.5%
Asia Pacific$80.50M · 10.5%
Other Geographic Regions$53.70M · 7.0%
US$11.10M · 1.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Personal Credit Institutions
Comparing BREAD FINANCIAL HOLDINGS against the 5 most active filers in the same SIC group.
Dividends
$0.90/share trailing 12 months · +7.1% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.2300 |
| Feb 27, 2026 | $0.2300 |
| Nov 7, 2025 | $0.2300 |
| Aug 8, 2025 | $0.2100 |
| May 9, 2025 | $0.2100 |
| Feb 14, 2025 | $0.2100 |
| Nov 8, 2024 | $0.2100 |
| Aug 9, 2024 | $0.2100 |
| May 9, 2024 | $0.2100 |
| Feb 8, 2024 | $0.2100 |
| Nov 10, 2023 | $0.2100 |
| Aug 10, 2023 | $0.2100 |
| May 11, 2023 | $0.2100 |
| Feb 9, 2023 | $0.2100 |
| Nov 10, 2022 | $0.2100 |
| Aug 11, 2022 | $0.2100 |
| May 12, 2022 | $0.2100 |
| Feb 10, 2022 | $0.2100 |
| Nov 10, 2021 | $0.2100 |
| Aug 12, 2021 | $0.1676 |
| May 13, 2021 | $0.1676 |
| Feb 11, 2021 | $0.1676 |
| Nov 12, 2020 | $0.1676 |
| Aug 13, 2020 | $0.1676 |