Filing Flows › Bread Financial Holdings (BFH) › Q3 2025
Bread Financial Holdings (BFH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Bread Financial Holdings (BFH) reported revenue of $971M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +5% from the quarter before. Operating margin was 20.2%, net earnings $188M (19.4% of revenue).
Bread Financial Holdings, Q3 2025: revenue $971M (-1% year over year), operating margin 20.2%, net earnings $188M, operating cash flow $605M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $971M | +5% | -1% |
| Operating profit | $196M | +13% | +403% |
| Net earnings | $188M | +35% | 94× |
| Operating cash flow | $605M | +15% | +33% |
What changed
Revenue was $971.0M in Q3 2025, down 1% year over year and up 5% from the previous quarter.
Operating profit was $196.0M, a 20.2% margin (up 16.2 points year over year). Total costs fell 18% while revenue fell 1%. Net earnings were $188.0M, up 9300% year over year. The effective tax rate was 4.1%.
Operating cash flow was $605.0M (up 33% year over year), 322% of net earnings. Non-cash charges added back $19.0M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items added $385.0M.
Questions
What was Bread Financial Holdings' revenue in the third quarter 2025?
Bread Financial Holdings (BFH) reported revenue of $971M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +5% from the quarter before.
Was Bread Financial Holdings profitable in the third quarter 2025?
Operating profit was $196M (20.2% of revenue) and net earnings $188M.