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Companies / Financials / SLM Corp
SLM

SLM Corp

FinancialsBanks & Brokers
Ticker SLMNEWARK, DEFiscal year ends DecemberBook value per share $11.74Diluted shares 192.1M

SLM Corporation (Nasdaq: SLM), commonly known as Sallie Mae, provides education financing and related services to students and their families. Its primary business is originating and servicing private education loans that help cover costs not met by family resources, scholarships, grants, or federal financial aid; it… From the company’s description.

In fiscal 2025, SLM Corp reported revenue of $1.98B, up 7.3% from fiscal 2024, and net income of $744.85M. Over the twelve months to Sep 30, 2026, revenue was $1.79B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.98BFY2025
+7.3% year over year
Last 12 mo $1.79B
0.00%FY2025
$744.85MFY2025
+22.4% year over year
Last 12 mo $567.40M
30.39%FY2025
+2.2 percentage points
Last 12 mo 25.16%
Cash & financing
$-398.58MFY2025
−21.0% year over year
Last 12 mo $-381.64M
$-398.58MFY2025
−21.0% year over year
Last 12 mo $-381.64M
10.98FY2025
Was 12.74× a year earlier
Last 12 mo 2.85
210.9MFY2025
−4.1% year over year
Last 12 mo 192.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What SLM Corp does

In the company’s own words

SLM Corporation (Nasdaq: SLM), commonly known as Sallie Mae, provides education financing and related services to students and their families. Its primary business is originating and servicing private education loans that help cover costs not met by family resources, scholarships, grants, or federal financial aid; it also offers savings accounts, money market accounts, and certificates of deposit through Sallie Mae Bank. Its principal loan product is the Smart Option Student Loan, and it offers additional loans for graduate programs, bar study, medical and dental residency and relocation, and pilot training. The company also provides free college-planning resources and scholarship tools, including through Scholly. Sallie Mae Bank originates the loans and provides deposit products, while the company’s business includes loan servicing and program management. In 2025, SLM originated approximately $7.4 billion in private education loans; at year-end, the bank had $29.7 billion in assets. SLM Corporation was formed in 2013 and separated from Navient in 2014. Its website is www.salliemae.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
NEWARK, DE
Fiscal year end
December
CIK
1032033
SIC
6141

Financial performance, year by year

Fiscal 2013–2025 · USD
$-405.30M$810.60M$2.03B$3.24B$4.46B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns SLM Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

411
funds hold it
1 of 35
superinvestors hold it
$2.74B
held by funds, at market
60.9%
of shares held by funds

Superinvestors in SLM Corp · what they did last quarter

Glenn GreenbergDECREASED -1.5%
Brave Warrior Advisors
7.6%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · SLM Corp’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.46%of fund net assets
Bridge Builder Large Cap Value Fund
BBVLX · Bridge Builder Trust
0.42%of fund net assets
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do SLM Corp and its peers compare on margins and cash generation over ten years?”
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