BREAD FINANCIAL HOLDINGS, INC. (BFH) FY2025 10-K Annual Report
BREAD FINANCIAL HOLDINGS, INC. (BFH) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
BREAD FINANCIAL HOLDINGS, INC. FY2025 10-K Analysis
Business Overview
- • Core business model: Credit card issuance and servicing with associated financial services
- • Strategic outsourcing of credit card processing services initiated June 2022, with FDIC consent order issued Nov 2023 on IT and compliance shortcomings
Management Discussion & Analysis
- • Revenue $3,845M in 2025, flat YoY (+$7M vs $3,838M in 2024), down 11% from 2023 ($4,289M)
- • Operating margin approx. 16.0% in 2025 (Income from continuing ops $521M / Revenue $3,845M) vs 7.3% in 2024 ($279M/$3,838M)
Risk Factors
- • No specific regulatory or legal risk disclosed in risk_factors section
- • No geopolitical or macroeconomic threat with concrete exposure detailed in risk_factors section
BREAD FINANCIAL HOLDINGS, INC. FY2025 Key Financial MetricsXBRL
Revenue
$3.8B
▲ +0.2% YoY
Net Income
$518M
▲ +87.0% YoY
Net Margin
13.5%
▲ +625bp YoY
ROE
15.6%
▲ +649bp YoY
Total Assets
$22.7B
▼ -1.0% YoY
EPS (Diluted)
$10.89
▲ +98.4% YoY
Operating Cash Flow
$2.1B
▲ +12.5% YoY
Source: XBRL data from BREAD FINANCIAL HOLDINGS, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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