Filing Flows › Bread Financial Holdings (BFH) › Q4 2025
Bread Financial Holdings (BFH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Bread Financial Holdings (BFH) reported revenue of $975M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.4% from the quarter before. Operating margin was 4.9%, net earnings $54.0M (5.5% of revenue).
Bread Financial Holdings, Q4 2025: revenue $975M (+5% year over year), operating margin 4.9%, net earnings $54.0M, operating cash flow $568M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $975M | +0.4% | +5% |
| Operating profit | $48.0M | -76% | — |
| Net earnings | $54.0M | -71% | +671% |
| Operating cash flow | $568M | -6% | +19% |
What changed
Revenue was $975.0M in Q4 2025, up 5% year over year and roughly flat from the previous quarter.
Operating profit was $48.0M, a 4.9% margin (up 7.8 points year over year). Total costs fell 3% while revenue rose 5%. Net earnings were $54.0M, up 671% year over year. The effective tax rate was -12.5%.
Operating cash flow was $568.0M (up 19% year over year), 1052% of net earnings. Non-cash charges added back $19.0M of depreciation and amortization and $15.0M of share-based compensation. Working capital and other items added $480.0M.
Questions
What was Bread Financial Holdings' revenue in the fourth quarter 2025?
Bread Financial Holdings (BFH) reported revenue of $975M for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +0.4% from the quarter before.
Was Bread Financial Holdings profitable in the fourth quarter 2025?
Operating profit was $48.0M (4.9% of revenue) and net earnings $54.0M.