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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Non-interest revenues        
Other $ 362 $ 349 $ 725 $ 726
Total non-interest revenues 8,764 8,173 17,069 16,050
Interest income        
Interest on loans 2,764 2,387 5,489 4,713
Interest and dividends on investment securities 52 27 85 48
Deposits with banks and other 149 126 345 241
Total interest income 2,965 2,540 5,919 5,002
Interest expense        
Deposits 406 300 805 570
Long-term debt and other 485 411 981 762
Total interest expense 891 711 1,786 1,332
Net interest income 2,074 1,829 4,133 3,670
Total revenues net of interest expense 10,838 10,002 21,202 19,720
Provisions for losses        
Charge card 224 245 477 487
Card Member loans provisions 603 528 1,128 1,027
Other 34 33 65 67
Total provisions for losses 861 806 1,670 1,581
Total revenues net of interest expense after provisions for losses 9,977 9,196 19,532 18,139
Expenses        
Marketing and business development 1,773 1,663 3,346 3,008
Card Member rewards 2,652 2,433 5,103 4,780
Card Member services 563 416 1,113 825
Salaries and employee benefits 1,367 1,280 2,789 2,606
Other, net 1,403 1,313 3,004 2,747
Total expenses 7,758 7,105 15,355 13,966
Pretax income 2,219 2,091 4,177 4,173
Income tax provision 458 468 866 916
Net income $ 1,761 $ 1,623 $ 3,311 $ 3,257
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 2.07 [1] $ 1.85 [1] $ 3.88 [2] $ 3.71 [2]
Diluted (in dollars per share) $ 2.07 [1] $ 1.84 [1] $ 3.87 [2] $ 3.70 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 834 860 837 859
Diluted (in shares) 836 862 839 862
Discount Revenue        
Non-interest revenues        
Revenues and fees $ 6,577 $ 6,194 $ 12,772 $ 12,083
Net Card Fees        
Non-interest revenues        
Revenues and fees 988 844 1,932 1,674
Other Fees and Commissions        
Non-interest revenues        
Revenues and fees $ 837 $ 786 $ 1,640 $ 1,567
[1]
Represents net income less (i) earnings allocated to participating share awards of $13 million and $12 million for the three months ended June 30, 2019 and 2018, respectively, and (ii) dividends on preferred shares of $19 million and $20 million for the three months ended June 30, 2019 and 2018, respectively.
[2]
Represents net income less (i) earnings allocated to participating share awards of $24 million and $25 million for the six months ended June 30, 2019 and 2018, respectively, and (ii) dividends on preferred shares of $40 million and $41 million for the six months ended June 30, 2019 and 2018, respectively.