olivLaw · US equity research
Bread Financial Holdings, Inc. BFH
Personal Credit Institutions · SIC 6141 · Vertical: Personal Credit Institutions (SIC 6141)
Bread Financial is a tech-forward financial services company offering co-brand and private label credit cards, pay-over-time products and savings to consumers in the United States. It has recently grown credit sales and consumer deposits while credit indicators improved, which makes its trajectory worth following.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Bread Financial Holdings, Inc. (BFH) stock was 104.83 USD (−1.35% on the day), with market capitalisation 4.0 bn USD, P/E 8.3 on diluted EPS of 12.69 USD over the last 12 months, dividend yield 0.88%, beta 1.47, 52-week range 59.98–113.40 USD. Latest reported quarter (Q3 2026): net income of 156.0 m USD (−17.0% YoY), diluted EPS 3.82 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 52.7
- neutral
- Bollinger (20, 2)
- 98.22 – 108.03
- in the upper half of the band · %B 0.67 · band width 9.5%
- SMA 50 / 200
- 103.79 / 92.27
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.75 / 0.28
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.0% | −1.1% | +7.1 pp | — |
| 3 months | −6.7% | −0.5% | −6.2 pp | — |
| 6 months | +18.7% | +4.4% | +14.3 pp | — |
| Year to date | +41.6% | +12.3% | +29.3 pp | — |
| 1 year | +67.5% | +13.5% | +54.0 pp | +5.4% |
| 3 years | +258.6% | +76.4% | +182.2 pp | +99.1% |
| 5 years | +42.9% | +63.7% | −20.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Depreciation & amortisation | 22.0 m | 21.0 m | 20.0 m | 20.0 m | 19.0 m | 19.0 m | 19.0 m | 17.0 m |
| Pre-tax income | -27.0 m | 197.0 m | 174.0 m | 196.0 m | 47.0 m | 243.0 m | 197.0 m | 209.0 m |
| Income tax | -34.0 m | 55.0 m | 35.0 m | 8.0 m | -6.0 m | 62.0 m | 51.0 m | 53.0 m |
| Net income | 7.0 m | 138.0 m | 139.0 m | 188.0 m | 54.0 m | 181.0 m | 146.0 m | 156.0 m |
| Diluted EPS | 0.14 ≈ | 2.78 | 2.94 | 3.96 | 1.17 ≈ | 4.15 | 3.55 | 3.82 |
| Operating cash flow | 479.0 m | 393.0 m | 526.0 m ≈ | 605.0 m ≈ | 568.0 m | 487.0 m | 533.0 m ≈ | 601.0 m ≈ |
| Dividends paid | 11.0 m | 10.0 m | 10.0 m | 10.0 m | 10.0 m | 10.0 m | 9.0 m | 10.0 m |
| Share repurchases | 44.0 m | 103.0 m | 47.0 m ≈ | 40.0 m ≈ | 123.0 m | 153.0 m | 243.0 m ≈ | 76.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 53 percentile of its own 40-quarter history (min 2.3, median 7.9, max 26.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.7 bn | 5.6 bn | 4.5 bn | unavailable | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | +3.5% | −1.5% | −19.0% | unavailable | unavailable | unavailable | unavailable | unavailable |
| Net income | 963.1 m | 278.0 m | 214.0 m | 801.0 m | 223.0 m | 718.0 m | 277.0 m | 518.0 m |
| Net income YoY | +22.1% | −71.1% | −23.0% | +274.3% | −72.2% | +222.0% | −61.4% | +87.0% |
| Diluted EPS | 17.49 | 5.46 | 4.46 | 16.02 | 4.46 | 14.34 | 5.49 | 10.89 |
| Diluted EPS YoY | +24.0% | −68.8% | −18.3% | +259.2% | −72.2% | +221.5% | −61.7% | +98.4% |
| net % | 17.0% | 5.0% | 4.7% | unavailable | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | 2.6 bn | 1.1 bn | 1.8 bn | 1.5 bn | 1.8 bn | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 3.6 bn USD
- Financial debt
- 4.3 bn USD
- Net debt
- 704.0 m USD
- Equity
- 3.3 bn USD
- Total assets
- 22.7 bn USD
- Debt / equity
- 1.29x
- Current ratio
- unavailable
- ROE
- 16.2%
- ROA
- 2.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.5 bn | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Cost of revenue | 2.1 bn | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Gross profit | 2.4 bn ≈ | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021derived |
| Operating income | 301.0 m | — | — | — | — | — | SEC (XBRL)· 25 Feb 2022verified |
| Depreciation & amortisation | 184.0 m | 123.0 m | 113.0 m | 116.0 m | 90.0 m | 80.0 m | SEC (XBRL)· 13 Feb 2026verified |
| EBITDA | 485.0 m ≈ | — | — | — | — | — | SEC (XBRL)· 25 Feb 2022derived |
| Interest expense | 499.0 m | 383.0 m | 503.0 m | 879.0 m | — | — | SEC (XBRL)· 20 Feb 2024verified |
| Pre-tax income | 301.0 m | 1.0 bn | 300.0 m | 968.0 m | 381.0 m | 615.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Income tax | 93.0 m | 247.0 m | 76.0 m | 231.0 m | 102.0 m | 94.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Net income | 214.0 m | 801.0 m | 223.0 m | 718.0 m | 277.0 m | 518.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Diluted EPS | 4.46 | 16.02 | 4.46 | 14.34 | 5.49 | 10.89 | SEC (XBRL)· 13 Feb 2026verified |
| Weighted average diluted shares | 47.9 m | 50.0 m | 50.0 m | 50.0 m | 50.4 m | 47.6 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividend per share | 1.26 | 0.84 | 0.84 | 0.84 | 0.84 | 0.86 | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 2.8 bn | 3.0 bn | 3.9 bn | 3.6 bn | 3.7 bn | 3.6 bn | SEC (XBRL)· 13 Feb 2026verified |
| Receivables | 383.8 m | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Inventories | 164.3 m | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Current assets | 19.6 bn | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Property, plant & equipment, net | 213.0 m | 215.0 m | 195.0 m | 167.0 m | 142.0 m | 117.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Goodwill | 634.0 m | 634.0 m | 634.0 m | 634.0 m | 634.0 m | 634.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Intangibles (excl. goodwill) | 77.0 m | 53.0 m | 165.0 m | 128.0 m | 112.0 m | 82.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Total assets | 22.5 bn | 21.7 bn | 25.4 bn | 23.1 bn | 22.9 bn | 22.7 bn | SEC (XBRL)· 13 Feb 2026verified |
| Accounts payable | 328.2 m | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Long-term debt | 2.8 bn | 7.4 bn | 8.0 bn | 5.3 bn | 5.6 bn | 4.3 bn | SEC (XBRL)· 13 Feb 2026verified |
| Current liabilities | 10.4 bn | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Total liabilities | 21.0 bn | 19.7 bn | 23.1 bn | 20.2 bn | 19.8 bn | 19.3 bn | SEC (XBRL)· 13 Feb 2026verified |
| Equity | 1.5 bn † | 2.1 bn † | 2.3 bn † | 2.9 bn † | 3.1 bn † | 3.3 bn † | SEC (XBRL)· 13 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.9 bn | 1.5 bn | 1.8 bn | 2.0 bn | 1.9 bn | 2.1 bn | SEC (XBRL)· 13 Feb 2026verified |
| Capex | 54.0 m | 84.0 m | 68.0 m | — | — | — | SEC (XBRL)· 28 Feb 2023verified |
| Free cash flow | 1.8 bn ≈ | 1.5 bn ≈ | 1.8 bn ≈ | — | — | — | SEC (XBRL)· 28 Feb 2023derived |
| Investing cash flow | 1.8 bn | -1.7 bn | -5.1 bn | 788.0 m | -1.2 bn | -1.4 bn | SEC (XBRL)· 13 Feb 2026verified |
| Financing cash flow | -4.2 bn | 608.0 m | 3.3 bn | -3.1 bn | -592.0 m | -807.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Dividends paid | 61.0 m | 42.0 m | 43.0 m | 42.0 m | 43.0 m | 40.0 m | SEC (XBRL)· 13 Feb 2026verified |
| Share repurchases | — | 0 | 12.0 m | 35.0 m | 55.0 m | 313.0 m | SEC (XBRL)· 13 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 33.3% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.0 bn USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 148.48 – 196.90 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E148.48 – 196.90 (Mid 168.13)8 companies used · median multiple 13.2x · quartiles 11.7x – 15.5xAFRM, ATLC, CACC, ENVA, HAPN, NNI, RM, WRLD
- Dividend discount (DDM)outside the aggregate11.30 – 15.20 (Mid 12.96)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -6.2% | 0 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | -31.9% | 0 (on a fixed band) | 25% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 8.3x | 88 (vs peers) | 31% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 15.9% | 100 (on a fixed band) | 19% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partial100/100 · 1/2 factors with a value
- Valuation· partial88/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BREAD FINANCIAL HOLDINGS, INC. (BFH). Latest full fiscal year: 2020; data up to 2026-09-30.
Figures computed from the financial statements: revenue 4.5 bn USD in 2020; YoY growth -19.0%; ROE 15.9%.
The estimated value range is 148.48–196.90 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 168.13 USD, the price of 104.83 USD leaves a potential of 60.4% (value / price − 1) and a margin of safety of 37.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 33.3% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 8.3x
- Shareholder yield (distributions): 15.9%
- The price is below the estimated value range
What contradicts it
- Revenue CAGR 3Y: -6.2%
- EPS CAGR 3Y: -31.9%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, FCF conversion, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Personal Credit Institutions (SIC 6141) · same industry (4-digit SIC) · compared with 8 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CACCCredit Acceptance Corp | 5.1 bn | 16.3 | 22.7% | 14.4% | +7.2% | +8% / +9% |
| AFRMAffirm Holdings, Inc. | 4.5 bn | 13.7 | 45.1% | 45.3% | +32.2% | +7% / +120% |
| ENVAEnova International, Inc. | 4.4 bn | 12.5 | 26.8% | 10.5% | +18.6% | +38% / +340% |
| BFHBread Financial Holdings, Inc. | 4.0 bn | 8.3 | 15.9% | — | −19.0% | +68% / +259% |
| HAPNHappen, Inc. | 1.9 bn | 9.3 | 13.8% | — | −58.5% | −8% / +165% |
| ATLCAtlanticus Holdings Corp | 1.5 bn | 12.8 | 24.3% | 5.8% | +50.1% | +69% / +223% |
| WRLDWorld Acceptance Corp | 751.2 m | 19.4 | 9.9% | 6.6% | +3.7% | +4% / +45% |
| RMRegional Management Corp. | 353.4 m | 8.0 | 12.6% | 7.0% | +9.7% | +4% / +79% |
| NNINelnet, Inc. | — | 15.3 | 8.2% | — | unavailable | −1% / +52% |
1- and 3-year price returns: for BFH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (27 Oct 2026).
In brief
Bread Financial is a tech-forward financial services company offering co-brand and private label credit cards, pay-over-time products and savings to consumers in the United States. It has recently grown credit sales and consumer deposits while credit indicators improved, which makes its trajectory worth following.13
SWOT
Strengths
- Long-term relationships with brand partners and a customer base diversified across industries and generations.
- Sustained growth in consumer deposits strengthens the funding structure.
- Improving credit indicators and capital position, supported by disciplined risk management.
Weaknesses
- Dependence on a limited number of partners, the loss of one of which could affect revenue.
- Heavy exposure to U.S. consumer credit, which makes results sensitive to economic cycles.
- High share of private label segments, which carry higher delinquencies and losses than other products.
Opportunities
- Expanding Bread Pay and integrating it into third-party platforms could add lending volume.
- A growing share of digital deposits could lower the cost of funds.
- Renewing and extending existing partnerships could strengthen long-term revenue.
Threats
- A recession or a weaker labor market could raise delinquencies and credit losses.
- Regulation of interest rates, fees and cards could limit revenue.
- Competition from fintech and digital payments could erode market share.
Risks
- Exposure to the economic cyclehigh
A decline in consumer spending or a rise in unemployment could affect customers' ability to pay.
- Concentration on a few partnershigh
Revenue depends significantly on relationships with a limited number of partners, and losing one could affect results.
- Regulation and supervisionmedium
Changes to limits on interest rates or fees could reduce margins and revenue.
- Funding and liquidity riskmedium
Access to capital markets or deposits could become more expensive if market conditions deteriorate.
- Cyber and technology riskmedium
Security incidents or system outages could disrupt services and damage the company's reputation.
Investment thesis
What would need to be true (bull case)
- If the improving credit trend continues, the cost of risk could decline and support profitability.
- Growth in consumer deposits could reduce reliance on capital market funding and improve the cost of funds.
- Renewals of long-term partnerships could give visibility into loan growth.
What would break the thesis
- A weaker economic cycle could bring delinquencies and losses back to elevated levels, reducing profit.
- Concentration on a limited number of partners could make revenue vulnerable to contract changes.
- Lower interest rates could compress the net interest margin, especially if the decline in late fees continues.
What to watch
- Evolution of the net loss rate against the annual outlookQ4 2026
- Pace of growth in average loans and total revenue2027
- Effects of the bank merger on the funding structure and deposit costsnext 10-K
- Renewal and evolution of key card partners2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 22 Oct 2026; since then the company filed 10-Q (27 Oct 2026).
The business
Bread Financial works with retail and consumer brands to issue and service co-brand and private label credit cards, under long-term contracts that typically run between 5 and 10 years. Credit card and other loans totaled 18.8 billion dollars at the end of 2025, while credit sales reached 27.8 billion dollars in the same year.1
Beyond partner cards, the company offers its own direct-to-consumer cards on the American Express network, along with Bread Pay installment and split-pay products. Bread Savings deposit products complement the offering and support funding.1
The business is reported as a single segment, and its main revenue comes from interest and fees on loans, with a smaller share from contractual relationships with brand partners. Core card processing is outsourced to Fiserv, which the company says speeds up the launch of new products.1
Segments
Co-brand and private label cards
This is the core of the business, accounting for about 52% of credit sales through co-brand cards and 43% through private label cards in 2025. Co-brand cardholders generally have higher credit scores and higher limits, while private label accounts carry higher rates and more delinquencies.1
Bread Pay and Bread Savings
Bread Pay covers installment and split-pay loans offered through more than 1400 SMB retailers, while Bread Savings gathers direct-to-consumer deposits. Retail deposits reached 8.5 billion dollars at the end of 2025, and consumer deposits rose to 9.9 billion dollars in the third quarter of 2026.13
Market context
The target market is U.S. consumer credit, where demand depends on household spending, interest rate levels and labor market conditions. Inflationary pressure and sensitivity among moderate-income segments can influence payment behavior, and the company notes a larger share of these customers in its partner bases.1
Consumers moving from branch banking to direct banking provide a favorable backdrop for online deposit gathering, while the 2025 net principal loss rate of 7.7% shows how high the risk margin is in this type of lending.1
Trends
- Improving credit indicatorstailwind
Delinquency and net loss rates both declined in the third quarter of 2026 compared with the prior year, and the company improved its 2026 loss outlook. If the trend holds, the cost of risk could decline.3
- Growth in consumer depositstailwind
Consumer deposits grew strongly and now represent a rising share of funding, which reduces reliance on capital markets. The bank merger and a simpler structure could support this trend.13
- Inflation and consumer spending pressureheadwind
Management is monitoring the effects of high inflation on consumers, and a Federal Reserve rate cut could compress the net interest margin. If household budgets tighten, demand for credit and payments could be affected.13
- Higher revenue but higher credit riskmixed
Loan and revenue growth also brings higher provisions for credit losses, and the trend could be shaped by macroeconomic conditions and new partnerships.3
Competitive position
The company competes with card-issuing banks, financial technology companies and buy-now-pay-later platforms offering more flexible loans and payment alternatives. Partners' decision makers can also compare other point-of-sale financing solutions.1
The stated advantage rests on long partner relationships, data analytics and a complete product range from co-brand cards to deposits. The company emphasizes service and digital capabilities as the factors that set it apart.1
- Private label card-issuing banks
Compete for the same retail partners when negotiating card programs, especially for promotional-financing card segments.
- Buy-now-pay-later fintech companies
Offer point-of-sale installment loans in direct competition with the company's Bread Pay products.
- Digital payment and card platforms
Represent an emerging competition that could reduce consumers' reliance on traditional cards.
- Digital banks attracting deposits
Compete for retail deposits, an important element of the company's funding.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report03 Nov 2026Item 3.03 · Amendments to articles or bylaws · Other events · Financial statements and exhibits
- Current report28 Oct 2026Other events · Financial statements and exhibits
- Current report27 Oct 2026Other events
- Quarterly report27 Oct 2026
- Current report22 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Current report22 Oct 2026Results of operations · Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report15 Sept 2026Regulation FD disclosure · Financial statements and exhibits
- Current report08 Sept 2026Material agreement · Financial statements and exhibits
- Current report17 Aug 2026Regulation FD disclosure
- Quarterly report28 Jul 2026
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Bread Financial Holdings, Inc. · 13 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Bread Financial Holdings, Inc. · 28 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Bread Financial Holdings, Inc. · 22 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.