Synchrony Financial announced a renewal of its residential consumer‑financing relationship with Mitsubishi Electric Trane HVAC US LLC (METUS) that will take effect on October 1, 2025. The agreement extends a decade‑long collaboration that began in 2014 and continues to provide flexible financing to HVAC contractors and homeowners across the United States.
The renewal reinforces Synchrony’s embedded‑finance strategy, positioning the company as a key financial partner for the growing HVAC market. Demand for energy‑efficient and smart‑home HVAC solutions is rising, and the partnership gives contractors and end‑users streamlined digital applications and instant credit approval, driving higher sales volumes and customer satisfaction.
Synchrony’s Q3 2025 earnings illustrate the financial impact of the partnership. The company reported revenue of $3.82 billion, up 10% from $3.46 billion in Q3 2024, and earnings per share of $2.86, a $0.65 beat over the $2.21 consensus. Purchase volume rose 2% year‑over‑year to $46 billion, reflecting the continued strength of its embedded‑finance platforms, including the METUS channel. The partnership’s contribution to revenue growth is embedded in the overall performance, supporting the company’s high‑margin residential services segment.
Management highlighted the renewal’s significance. Curtis Howse, EVP and CEO of Synchrony’s Home & Auto platform, said, “Marking a decade of successful collaboration with METUS underscores our dedication to driving growth, fostering innovation, and supporting our partners through evolving customer needs.” METUS’s Brinnon Williams added, “Our financing solutions not only support the purchasing process but also drive greater confidence and satisfaction across projects.” In Q3 2025 earnings, President and CEO Brian Doubles noted that “our underwriting discipline and credit actions have delivered credit performance in 2025 that has exceeded our expectations.”
Investors welcomed the renewal as part of a broader strategy that has driven strong earnings and a high‑margin revenue stream. The partnership aligns with Synchrony’s goal of expanding embedded finance beyond traditional credit cards, reinforcing its competitive position in the residential services space.
The renewal signals continued confidence in the HVAC market’s growth trajectory and underscores Synchrony’s commitment to deepening merchant relationships. By extending the METUS partnership, the company is poised to capture additional share of the high‑volume, high‑margin HVAC financing segment while maintaining disciplined credit performance and operational leverage.
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