SLM Corporation Financial Statements FY2024-FY2026Q3

SLM Corporation (SLM) Financial Statements in Beancount — Open Ledger

Sallie Mae's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/slm

Latest analysis: Sallie Mae Q3 2026 Earnings: Record $3.4B Originations and a $0.19 Loss

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31 (SEC CIK 1032033). FY2024–FY2025 come from Form 10-K filings and FY2026Q3 is the three months to September 30, 2026, from the Form 10-Q (unaudited), cross-checked against the 8-K earnings-release exhibit, which reprints the same statements. Sallie Mae is a private student lender, so the chart follows the fleet's bank mapping: all revenue is booked in Income:Revenue, the provision for credit losses in Expenses:CostOfRevenue and total non-interest expense in Expenses:OperatingExpenses, with trading and available-for-sale investments, loans held for investment (net of the allowance) and held for sale, deposits and borrowings in their own accounts. SLM reports no noncontrolling interests on any face statement, so net income is the consolidated amount with no NCI deduction, and preferred stock dividends are a distribution, not an expense. Treasury stock exceeds paid-in capital in every period, so Equity:CommonStockAndAPIC holds a debit balance. The filing reports in thousands, so every amount keeps three decimals of MUSD.

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 375.467 MUSD means 375.467 million US dollars.
• Additional accounts — Assets:Current:TradingAssets,
  Assets:Current:RestrictedCash, Assets:NonCurrent:InvestmentSecurities,
  Assets:NonCurrent:Loans, Assets:NonCurrent:LoanAllowance,
  Assets:NonCurrent:LongTermInvestments, Liabilities:Current:Deposits,
  Expenses:OperatingExpenses, opened beyond the standard chart (see each
  account's open line in main.bean).

Analysis

• Sallie Mae Q3 2026 Earnings: Record $3.4B Originations and a $0.19 Loss — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of SLM Corporation's publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by SLM Corporation; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.