We introduce the notion of a Schur-finite element in a λ-ring. Since the beginning of algebraic K-theory in [G57], the splitting principle has proven invaluable for working with λ-operations. Unfortunately, this principle does not seem to hold in some recent applications, such as the K-theory of motives. The main goal of this paper is to introduce the subring of Schur-finite elements of any λ-r...