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Accounts Payable and Other Liabilities
 12 Months Ended
Dec. 31, 2025
Accounts Payable and Accrued Liabilities [Abstract]  
Accounts Payable and Other Liabilities Accounts payable and other liabilities
Accounts payable and other liabilities consist of brokerage payables, which include payables to customers and payables related to security purchases that did not settle; other accrued expenses, such as compensation accruals, credit card rewards liability, accrued interest payables, merchant servicing payables and income tax payables; and all other liabilities, including operating lease liabilities, obligations to return securities received as collateral which are measured at fair value, allowance for lending-related commitments, and litigation reserves.
The following table presents the components of accounts payable and other liabilities.
December 31, (in millions)20252024
Brokerage payables$186,658 $153,153 
Other payables and liabilities(a)
130,136 127,519 
Total accounts payable and other liabilities
$316,794 $280,672 
(a)    Includes credit card rewards liability of $16.0 billion and $14.4 billion at December 31, 2025 and 2024, respectively.
The credit card rewards liability represents the estimated cost of rewards points earned and expected to be redeemed by cardholders. The liability is accrued as the cardholder earns the benefit and is reduced when the cardholder redeems points. The redemption rate and cost per point assumptions are key assumptions to estimate the liability and the current period impact is recognized in Card Income.
Refer to Notes 7, 13, 18, 25 and 30 for additional information on accrued interest, allowance for credit losses on lending-related commitments, operating lease liabilities, income taxes and litigation reserves, respectively.