Business · Companies · 2 hrs ago
Samsung Card third-quarter profit falls 13.5% as costs rise
South Korea's Samsung Card reported third-quarter net profit of 139.8 billion won, down 13.5% from the same period last year.
The company said higher funding and credit-loss costs reduced profit, even as revenue rose.
Its total transaction volume increased 9.1% to 49.8 trillion won, helped by more customers and higher spending per customer.
At the end of September, the rate of payments overdue by at least a month was 0.87%, slightly lower than the previous quarter.
The results show how rising borrowing costs and more debt adjustments can weigh on a card company's earnings even when customer spending grows.
Samsung Card expects cost pressures to continue in the fourth quarter and plans to focus on managing asset quality and growing its business with reliable customers.
It also said it will continue work on future growth areas, including artificial intelligence and stablecoins.
Samsung Card’s third-quarter net profit fell 13.5% from a year earlier to 139.8 billion won.
The company said higher borrowing costs and funding rates increased financial expenses.
Rising debt restructuring also contributed to higher credit-loss costs.
Total transaction volume rose 9.1% to 49.79 trillion won.
At the end of September, the rate of delinquencies of at least one month was 0.87%, down 0.02 percentage points from the previous quarter.
- Who
- Samsung Card.
- What
- Third-quarter net profit fell 13.5% year on year to 139.8 billion won.
- When
- The results were announced on October 27, 2026, for the third quarter.
- Where
- Not stated.
- Why
- Higher borrowing amounts and funding rates raised financial costs, while increased debt restructuring raised credit-loss costs.
This story does not have two clearly opposing sides.
Samsung Card recorded net profit of 139.8 billion won, down 13.5% from a year earlier.
The rate of delinquencies of at least one month stood at 0.87%, down 0.02 percentage points from the previous quarter.
Samsung Card disclosed its third-quarter results.
- Third-quarter net profit
- 139.8 billion won
- Year-on-year profit change
- Down 13.5%
- Total transaction volume
- 49.7927 trillion won, up 9.1% year on year
- Card business transaction volume
- 49.5465 trillion won, up 8.9% year on year
- One-month-or-longer delinquency rate
- 0.87% at the end of September
What people are saying
The difficult business environment for card companies is expected to continue in the fourth quarter, including continued pressure from rising financial costs.