BFH Financials Bread Financial Holdings, Inc.

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 45 d ago Overview →

Growth & profitability

Revenue has declined 22.5% per year over the past 5 years.
Net income has grown faster than revenue (19.3% vs -22.5% per year).
Free cash flow has declined 5.6% per year over the past 5 years.

Financial health

Total debt ($4.3B) exceeds cash ($3.6B); net debt is $704M.
Total debt has grown faster than revenue (9.0% vs -22.5% per year).

Shareholder returns

Dividends have been paid for 9 consecutive years, consuming 7.7% of earnings.
The dividend has declined 8.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	—	$518M	—	—	15.6%	2.3%	—	$4.3B	$3.6B
2024	—	$277M	—	—	9.1%	1.2%	—	$5.6B	$3.7B
2023	—	$718M	—	—	24.6%	3.1%	—	$5.3B	$3.6B
2022	—	$223M	—	—	9.8%	0.9%	$1.8B	$8.0B	$3.9B
2021	—	$801M	—	—	38.4%	3.7%	$1.5B	$7.4B	$3.0B
2020	$577M	$214M	-259.9%	52.1%	14.1%	0.9%	$1.8B	$2.8B	$2.8B
2019	$840M	$278M	-219.9%	78.8%	17.5%	1.0%	$1.1B	$2.8B	$3.9B
2018	$960M	$963M	-164.3%	183.0%	41.3%	3.2%	$2.6B	$5.7B	$3.8B
2017	—	$789M	—	—	42.5%	2.6%	$2.4B	$6.1B	$4.1B
2010	—	$194M	—	—	838.9%	2.3%	$834M	—	$139M
2009	—	$144M	—	—	52.7%	2.8%	$305M	—	$213M
2008	—	$206M	—	—	37.7%	—	$401M	—	$157M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	—	$146M	—	—	4.3%	0.7%	—	—	$3.7B
Mar '26	—	$181M	—	—	5.4%	0.8%	—	—	$3.6B
Dec '25	—	$54M	—	—	1.6%	0.2%	—	$4.3B	$3.6B
Sep '25	—	$188M	—	—	5.7%	0.9%	—	$3.8B	$3.8B
Jun '25	—	$139M	—	—	4.4%	0.6%	—	$4.2B	$3.8B
Mar '25	—	$138M	—	—	4.5%	0.6%	—	$5.1B	$4.2B
Dec '24	—	$7M	—	—	0.2%	0.0%	—	$5.6B	$3.7B
Sep '24	—	$2M	—	—	0.1%	0.0%	—	$4.6B	$3.5B
Jun '24	—	$133M	—	—	4.2%	0.6%	—	—	$4.1B
Mar '24	—	$134M	—	—	4.4%	0.6%	—	—	$3.8B
Dec '23	—	$43M	—	—	1.5%	0.2%	—	$5.3B	$3.6B
Sep '23	—	$171M	—	—	6.0%	0.8%	—	$4.2B	$3.4B
Jun '23	—	$48M	—	—	1.8%	0.2%	—	$4.7B	$3.3B
Mar '23	—	$455M	—	—	16.8%	2.1%	—	—	$3.6B
Dec '22	—	-$134M	—	—	-5.9%	-0.5%	$482M	$8.0B	$3.9B
Sep '22	—	$134M	—	—	5.6%	0.6%	$598M	—	$3.6B
Jun '22	—	$12M	—	—	0.5%	0.1%	$223M	—	$3.1B
Mar '22	—	$210M	—	—	9.3%	1.0%	$477M	—	$2.9B
Dec '21	—	$18M	—	—	0.9%	0.1%	$310M	$7.4B	$3.0B
Sep '21	$104M	$224M	-369.0%	367.0%	10.0%	1.0%	$451M	—	$3.0B

Valuation over time

How the market has priced BFH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 5.2× (Mar '23) to 8.1× (Sep '26).
The dividend yield has fallen from 3.7% (Mar '23) to 1.0% (Sep '26).

Price / earnings (P/E)

P/E

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is BFH growing its revenue and profit?

Over the past 5 years, Bread Financial Holdings, Inc.'s revenue has declined 22.5% per year, and net income grown 19.3% per year. These are computed facts, not advice.

How much debt does BFH have?

As of FY2025, Bread Financial Holdings, Inc. reported $4.3B of total debt against $3.6B of cash.

What is BFH's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin —.

What is BFH's P/E ratio?

As of Sep '26, Bread Financial Holdings, Inc. traded at a price-to-earnings ratio of about 8.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.