# BREAD FINANCIAL HOLDINGS, INC. (BFH) · Edgar & Edgarette company card

> Bread Financial Holdings (BFH) saw revenue fall 19.0% in FY2020 to $4.5 billion, operating margin 6.7% against a -3.1% median for personal credit institutions, equity 6.8% of assets, and dividend per share up 1 year running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1101215 · fiscal year ended 2020-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BFH) · [JSON](https://www.pops4.com/boards/company/BFH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4.5B |
| Revenue growth, 1 year | -19.0% |
| Revenue growth per year | -10.8% |
| Operating margin | 6.7% (prior year 11.9%) |
| Net margin | 4.7% |
| Operating cash flow | $1.9B |
| Capital spending | $54M |
| Free cash flow | $1.8B |
| Cash | $2.8B |
| Long-term debt | $2.8B |
| Total assets | $22.5B |
| Total equity | $1.5B |
| Equity ÷ assets | 6.8% |
| Return on equity | 14.1% |
| Dividend per share | $0.86 |
| Dividend years rising | 1 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs

## Edgarette's reading

Exposure: revenue $4.5B (FY2020), total debt $2.8B. Experience: revenue down 19.0% on the year, down 10.8% a year over 4 years; operating margin 6.7%, down from 11.9%. Soundness: equity 6.8% of assets, return on equity 14.1%, payout 28.5% of profit, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.1B and $4.8B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.7B to $5.6B. A statistical range, not company guidance. Against peers (44 filers, $50M+ revenue, its industry group): operating margin 6.7% against a -3.1% median; growth -19.0% against 16.8%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-07-14 ([filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000065/0001101215-26-000065-index.htm))

## Recent filings

- 8-K · filed 2026-11-03 · 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000119312526444703/0001193125-26-444703-index.htm)
- 8-K · filed 2026-10-28 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000099/0001101215-26-000099-index.htm)
- 8-K · filed 2026-10-27 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000095/0001101215-26-000095-index.htm)
- 10-Q · filed 2026-10-27 · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000092/0001101215-26-000092-index.htm)
- 8-K · filed 2026-10-22 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000088/0001101215-26-000088-index.htm)
- 8-K · filed 2026-10-22 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1101215/000110121526000087/0001101215-26-000087-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001101215.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1101215

## Cite

POPS4, Edgar & Edgarette: BREAD FINANCIAL HOLDINGS, INC. (BFH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/BFH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2020, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.