Bread Financial Holdings, Inc.
NYSE:BFH · New York Stock Exchange
+$1.22 today
Vol 0.42M · Avg 0.68M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:BFH · Revenue to Net Income
Key Ratios
Analysis
$4.7B of revenue converted into $561.0M of net income for the selected period. Gross margin is 64.0% and net margin is 11.9%, showing how much revenue survives after costs and taxes. EPS is $12.21, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7B -2.1% | $4.8B -7.3% | $5.2B +18.3% | $4.4B +33.7% | $3.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.7B -26.9% | $2.4B +11.8% | $2.1B +0.5% | $2.1B +31.6% | $1.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.0B +21.9% | $2.4B -20.4% | $3.1B +34.7% | $2.3B +10.4% | $2.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 63.3% +12.5pp | 50.9% -8.4pp | 59.3% +7.2pp | 52.0% -11.0pp | 63.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.3B +25.6% | $1.0B +1.6% | $1.0B +7.2% | $959.0M +15.4% | $831.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.4B +14.7% | $2.1B -1.8% | $2.1B +6.2% | $2.0B +212.2% | $633.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $80.0M -11.1% | $90.0M -22.4% | $116.0M +2.7% | $113.0M -8.1% | $123.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $694.0M +47.3% | $471.0M -56.5% | $1.1B +162.5% | $413.0M -64.6% | $1.2B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 14.8% +5.0pp | 9.8% -11.1pp | 21.0% +11.5pp | 9.4% -26.2pp | 35.7% | 5.6% | 46.3% | 42.0% |
| Operating Income | $614.0M +61.2% | $381.0M -60.6% | $968.0M +222.7% | $300.0M -71.3% | $1.0B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 13.1% +5.1pp | 7.9% -10.8pp | 18.7% +11.8pp | 6.9% -25.1pp | 31.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $4.9B -2.2% | $5.0B -2.4% | $5.1B +9.8% | $4.7B +21.1% | $3.9B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $854.0M -11.0% | $960.0M +9.2% | $879.0M +74.8% | $503.0M +31.3% | $383.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $614.0M +61.2% | $381.0M -60.6% | $968.0M +222.7% | $300.0M -71.3% | $1.0B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 13.1% +5.1pp | 7.9% -10.8pp | 18.7% +11.8pp | 6.9% -25.1pp | 31.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $92.0M -9.8% | $102.0M -55.8% | $231.0M +203.9% | $76.0M -69.2% | $247.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $518.0M +87.0% | $277.0M -61.4% | $718.0M +222.0% | $223.0M -72.2% | $801.0M | $4.9B | $4.8B | $4.7B |
| Net Margin | 11.0% +5.3pp | 5.8% -8.1pp | 13.9% +8.8pp | 5.1% -19.4pp | 24.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $11 +99.5% | $6 -61.3% | $14 +222.6% | $4 -72.3% | $16 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $11 +99.3% | $6 -61.7% | $14 +222.0% | $4 -72.2% | $16 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $44.9M -9.5% | $49.6M -0.4% | $49.8M -0.2% | $49.9M +0.4% | $49.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $46.0M -8.7% | $50.4M +0.8% | $50.0M +0.0% | $50.0M +0.0% | $50.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
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SEC Filings
Recent regulatory filings
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How much revenue does BFH generate?
Bread Financial Holdings, Inc. (BFH) reported $4.70B of revenue in fiscal 2025.
Is BFH profitable?
Bread Financial Holdings, Inc. (BFH) reported $518.00M of net income, with a net margin of 11.0%.
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