SLM
SLM Corporation
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Sell
-23/100
Last price
22.58
▼ 0.16 (0.70%)
MARKET · —
Price
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
Vol —
vs
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Open
—
Prev close
22.74
Day high
22.96
Day low
22.45
Volume
1.96M
Market cap
$4.25B
P/E (TTM)
6.29
52W range
17.77 – 31.06
Trailing performance
Returnvs SPY
1W
-1.35%
-3.3%
1M
-16.62%
-17.8%
3M
-5.52%
-10.0%
6M
+3.11%
-15.1%
YTD
-16.56%
-30.8%
1Y
-18.04%
-34.5%
3Y
+65.79%
-16.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SLM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
2.45M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 17, 26 | BLACKLEY RICHARD SCOTT Director |
STOCK | 8.55K | $0 | Direct |
| Jun 17, 26 | GREIG HENRY F Director |
STOCK | 8.44K | $0 | Direct |
| Jun 17, 26 | MANVITZ TED Director |
STOCK | 8.41K | $0 | Direct |
| Jun 16, 26 | AKELLA JANAKI Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | LAVELLE MARK L Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | MILLERCHIP GARY Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | MATHESON JAMES D Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | SCHNECK-LAST VIVIAN C Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | WOLBERG KIRSTEN O Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | FRANKE MARY CARTER WARREN Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | LEECH CHRISTOPHER T. Director |
STOCK | 7.35K | $0 | Direct |
| Jun 16, 26 | GREENSTEIN DANIEL Director |
STOCK | 7.35K | $0 | Direct |
| May 1, 26 | JAFARIEH NICOLAS Officer |
STOCK | 5.49K | $0 | Direct |
| Apr 1, 26 | TURNER STEVEN ALLEN Officer |
STOCK | 29.44K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Fundamentals
Market cap$4.25B
Enterprise value$5.69B
Revenue (TTM)$1.69B
Gross profit$1.69B
EBITDA—
Net income$720.58M
EPS (TTM)$3.59
Free cash flow—
Total cash$4.64B
Total debt$5.84B
Book value / share$11.83
Shares outstanding188.00M
Float185.75M
Short % of float10.98%
Dividend yield2.30%
Beta (5Y)0.98
Valuation & profitability ratios
Trailing P/E6.29
Forward P/E6.70
PEG ratio0.51
Price / sales—
Price / book1.91
EV / revenue3.38
EV / EBITDA—
Gross margin100.00%
Operating margin29.21%
Profit margin43.63%
Return on equity30.33%
Return on assets2.53%
Debt / equity236.16
Current ratio1.33
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.98B | $1.85B | $1.81B | $1.82B | +7.3% |
| Operating revenue | $1.98B | $1.85B | $1.81B | $1.82B | +7.3% |
| Selling, general & admin | $380.11M | $400.99M | $372.32M | $291.29M | -5.2% |
| Pre-tax income | $992.56M | $798.64M | $778.30M | $630.73M | +24.3% |
| Tax provision | $247.72M | $190.31M | $196.91M | $161.71M | +30.2% |
| Net income | $744.85M | $608.33M | $581.39M | $469.01M | +22.4% |
| Net income to common | $729.12M | $590.03M | $563.69M | $459.99M | +23.6% |
| Basic EPS | 3.52 | 2.73 | 2.44 | 1.78 | +28.9% |
| Diluted EPS | 3.46 | 2.68 | 2.41 | 1.76 | +29.1% |
| Basic shares | 207.16M | 216.22M | 231.41M | 258.44M | -4.2% |
| Diluted shares | 210.91M | 219.93M | 234.06M | 261.50M | -4.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $4.24B | $4.70B | $4.15B | $4.62B | -9.8% |
| Accounts receivable | $1.56B | $1.55B | $1.38B | $1.20B | +1.0% |
| Property, plant & equipment | $122.19M | $119.35M | $129.50M | $140.73M | +2.4% |
| Goodwill & intangibles | $59.97M | $63.53M | $68.71M | $118.27M | -5.6% |
| Total assets | $29.75B | $30.07B | $29.17B | $28.81B | -1.1% |
| Current debt | $498.42M | $0 | — | — | — |
| Long-term debt | $5.36B | $6.44B | $5.23B | $5.24B | -16.7% |
| Total debt | $5.86B | $6.44B | $5.23B | $5.24B | -9.0% |
| Total liabilities | $27.29B | $27.91B | $27.29B | $27.08B | -2.2% |
| Retained earnings | $4.73B | $4.11B | $3.62B | $3.16B | +15.1% |
| Shareholder equity | $2.45B | $2.16B | $1.88B | $1.73B | +13.5% |
| Net tangible assets | $2.39B | $2.10B | $1.81B | $1.61B | +14.1% |
| Shares issued | 443.25M | 440.60M | 438.23M | 435.12M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $744.85M | $608.33M | $581.39M | $469.01M | +22.4% |
| Depreciation & amortisation | $16.17M | $17.65M | $17.81M | $17.33M | -8.4% |
| Stock-based compensation | $40.56M | $40.00M | $36.38M | $34.46M | +1.4% |
| Change in working capital | -$1.26B | -$1.16B | -$1.05B | -$848.65M | -9.0% |
| Operating cash flow | -$398.58M | -$329.39M | -$144.64M | $4.99M | -21.0% |
| Investing cash flow | $1.05B | $675.99M | -$12.46M | $1.08B | +54.8% |
| Share buybacks | -$368.74M | -$247.97M | -$350.26M | -$713.20M | -48.7% |
| Dividends paid | -$123.42M | -$117.47M | -$118.94M | -$121.99M | -5.1% |
| Financing cash flow | -$1.10B | $228.16M | -$316.23M | -$854.89M | -583.8% |
| Free cash flow | -$398.58M | -$329.39M | -$144.64M | $4.99M | -21.0% |
| End cash position | $4.42B | $4.87B | $4.30B | $4.77B | -9.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $401.11M | $559.99M | $454.10M | $545.68M | $403.60M | -28.4% |
| Operating revenue | $401.11M | $559.99M | $454.10M | $545.68M | $403.60M | -28.4% |
| Selling, general & admin | $105.40M | $107.89M | $92.01M | $90.18M | $94.68M | -2.3% |
| Pre-tax income | $80.46M | $400.35M | $316.00M | $185.81M | $87.63M | -79.9% |
| Tax provision | $21.94M | $92.40M | $82.81M | $49.96M | $16.36M | -76.3% |
| Net income | $58.52M | $307.95M | $233.19M | $135.85M | $71.27M | -81.0% |
| Net income to common | $54.94M | $304.40M | $229.38M | $131.86M | $67.30M | -82.0% |
| Basic EPS | 0.29 | 1.56 | 1.14 | 0.64 | 0.32 | -81.4% |
| Diluted EPS | 0.29 | 1.54 | 1.12 | 0.63 | 0.32 | -81.2% |
| Basic shares | 188.58M | 195.46M | 201.61M | 207.14M | 209.28M | -3.5% |
| Diluted shares | 190.38M | 197.88M | 204.96M | 210.61M | 213.22M | -3.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.59B | $5.16B | $4.24B | $3.54B | $4.09B | -11.0% |
| Accounts receivable | $1.60B | $1.53B | $1.56B | $1.69B | $1.70B | +4.6% |
| Property, plant & equipment | $123.43M | $121.55M | $122.19M | $119.29M | $117.82M | +1.6% |
| Goodwill & intangibles | $58.55M | $59.23M | $59.97M | $60.77M | $61.61M | -1.2% |
| Total assets | $28.58B | $29.41B | $29.75B | $29.61B | $29.60B | -2.8% |
| Current debt | $0 | $498.89M | $498.42M | — | — | -100.0% |
| Long-term debt | $5.84B | $5.67B | $5.36B | $6.84B | $6.41B | +3.1% |
| Total debt | $5.84B | $6.17B | $5.86B | $6.84B | $6.41B | -5.3% |
| Total liabilities | $26.10B | $26.97B | $27.29B | $27.26B | $27.23B | -3.2% |
| Retained earnings | $5.04B | $5.01B | $4.73B | $4.53B | $4.43B | +0.6% |
| Shareholder equity | $2.47B | $2.44B | $2.45B | $2.34B | $2.37B | +1.5% |
| Net tangible assets | $2.42B | $2.38B | $2.39B | $2.28B | $2.31B | +1.6% |
| Shares issued | 188.00M | 445.43M | 443.25M | 443.18M | 442.96M | -57.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $58.52M | $307.95M | $233.19M | $135.85M | $71.27M | -81.0% |
| Depreciation & amortisation | $4.78M | $5.07M | $1.45M | $4.88M | $4.87M | -5.7% |
| Stock-based compensation | $11.82M | $14.80M | $9.02M | $8.94M | $9.34M | -20.1% |
| Change in working capital | -$345.41M | -$347.41M | -$137.54M | -$297.30M | -$401.66M | +0.6% |
| Operating cash flow | -$134.83M | -$75.96M | -$64.46M | -$49.34M | -$138.73M | -77.5% |
| Investing cash flow | $540.17M | $1.59B | $838.61M | -$253.79M | -$34.99M | -66.0% |
| Share buybacks | -$3.15M | -$290.66M | -$123.82M | -$143.52M | -$71.70M | +98.9% |
| Dividends paid | -$28.10M | -$29.15M | -$29.97M | -$30.89M | -$31.13M | +3.6% |
| Financing cash flow | -$991.73M | -$550.35M | -$88.10M | -$220.62M | $561.39M | -80.2% |
| Free cash flow | -$134.83M | -$75.96M | -$64.46M | -$49.34M | -$138.73M | -77.5% |
| End cash position | $4.79B | $5.38B | $4.42B | $3.73B | $4.26B | -10.9% |
Options analytics
Put / call volume
0.36
Call-heavy session
Put / call open interest
20.61
Positioning, not flow
Max pain
20.00
-11.4% from spot
ATM implied vol
3.1%
Nearest strike to spot
Skew (10% OTM)
+144.9%
Puts bid over calls
Call volume
602
Contracts, this expiry
Put volume
215
Contracts, this expiry
Heaviest call OI
15.00
17 contracts
Heaviest put OI
20.00
212 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.44 | 0.29 | -34.2% |
| Mar 2026 | 1.22 | 1.54 | +26.1% |
| Dec 2025 | 0.94 | 1.12 | +19.7% |
| Sep 2025 | 0.79 | 0.63 | -20.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.33 | 9 | $360.09M | -3.5% |
| Next quarter | 0.93 | 9 | $360.57M | -4.4% |
| Current year | 3.12 | 9 | $1.43B | -5.0% |
| Next year | 3.35 | 9 | $1.45B | +1.3% |
Analyst targets & ownership
Mean target$28.55
High target$35.00
Low target$23.00
Implied upside26.42%
Analyst count11
ConsensusBUY
Strong buy / Buy1 / 5
Hold4
Sell / Strong sell0 / 1
Held by insiders1.30%
Held by institutions114.13%
Institutions holding508
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
22.94
-1.58% from price
SMA 20
24.22
-6.77% from price
SMA 50
25.73
-12.24% from price
SMA 100
24.62
-8.30% from price
SMA 200
24.11
-6.36% from price
EMA 12
23.32
-3.16% from price
EMA 26
24.26
-6.93% from price
EMA 50
24.80
-8.95% from price
RSI (14)
29.9
Oversold
MACD (12,26,9)
-0.95
Hist -0.13
ATR (14)
0.68
3.00% of price
Realised vol 30D
27.2%
Annualised
Bollinger upper
26.98
20, 2σ
Bollinger lower
21.46
20, 2σ
50 / 200 cross
Golden
25.73 vs 24.11
Trend bias
Below 200
-6.36%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.99
Less volatile than market
Correlation to SPY
0.33
Loosely linked
Realised vol 30D
27.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-39.3%
Peak to trough
Max drawdown 5Y
-45.8%
Peak to trough
ATR 14
0.68
3.00% of price
Beta (reported)
0.98
5Y monthly, from filing
Short interest
Shares short
17.94M
Prior 17.79M
Change vs prior
+0.9%
Shorts adding
% of float
10.98%
Elevated
% of shares out
9.54%
Against total outstanding
Days to cover
10.8
Crowded exit
Float
185.75M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 20, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 13, 26 | JP Morgan | MAINTAINED | Underweight | Underweight |
| Jul 10, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 7, 26 | Barclays | DOWNGRADE | Overweight | Equal-Weight |
| Apr 24, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 16, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 9, 26 | JP Morgan | MAINTAINED | Underweight | Underweight |
| Apr 9, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 6, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Mar 30, 26 | Compass Point | UPGRADE | Sell | Neutral |
| Feb 18, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jan 23, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate$0.52 / yr
Forward yield2.30%
5-year avg yield1.89%
Payout ratio14.48%
Ex-dividend dateSep 4, 2026
Next pay dateSep 15, 2026
Last split2798:1000
Split dateMay 1, 2014
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-06-18
Corporate Changes & Voting Matters
8-K · 2026-06-10
Corporate Changes & Voting Matters
8-K · 2026-05-15
Corporate Changes & Voting Matters
8-K · 2026-05-06
Corporate Changes & Voting Matters
8-K · 2026-05-05
Annual Report to Shareholders
ARS · 2026-04-27
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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