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Consumers keep spending frequently despite inflation, boosting Synchrony's Q2 purchase volume 8%.

Company Fundamentals
21 Jul 2026
PYMNTS
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Bullish
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Synchrony reported an 8% rise in purchase volume to $49.8 billion in Q2 2026, driven by increased transaction frequency rather than larger purchases. CFO Brian Wenzel noted consumers remain resilient despite inflation and higher gas prices, continuing to spend especially on discretionary items. Credit quality remains stable with net charge-offs down slightly and delinquencies steady. Synchrony expects continued strong purchase volume growth and steady credit performance through 2026, supported by new partnerships like Walmart's OnePay and ongoing improvements in payment rates and underwriting.

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