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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Non-interest revenues        
Non-interest revenues $ 12,603 $ 11,949 $ 24,635 $ 23,247
Interest income        
Interest on loans 5,092 4,213 10,150 8,152
Interest and dividends on investment securities 25 34 50 64
Deposits with banks and other 677 528 1,369 975
Total interest income 5,794 4,775 11,569 9,191
Interest expense        
Deposits 1,425 1,196 2,852 2,190
Long-term debt and other 639 474 1,218 913
Total interest expense 2,064 1,670 4,070 3,103
Net interest income 3,730 3,105 7,499 6,088
Total revenues net of interest expense 16,333 15,054 32,134 29,335
Provisions for credit losses        
Total provisions for credit losses 1,268 1,198 2,537 2,253
Total revenues net of interest expense after provisions for credit losses 15,065 13,856 29,597 27,082
Expenses        
Card Member rewards 4,227 3,956 8,001 7,722
Business development 1,427 1,388 2,819 2,781
Card Member services 1,154 949 2,325 1,932
Marketing 1,480 1,408 2,956 2,749
Salaries and employee benefits 1,949 1,875 4,047 3,889
Other, net 1,038 1,546 2,514 3,108
Total expenses 11,275 11,122 22,662 22,181
Pretax income 3,790 2,734 6,935 4,901
Income tax provision 775 560 1,483 911
Net income $ 3,015 $ 2,174 $ 5,452 $ 3,990
Earnings per Common Share        
Basic (in dollars per share) $ 4.16 [1] $ 2.89 [1] $ 7.49 [2] $ 5.30 [2]
Diluted (in dollars per share) $ 4.15 [1] $ 2.89 [1] $ 7.48 [2] $ 5.29 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 716 740 718 741
Diluted (in shares) 717 741 719 742
Card Member Receivables        
Provisions for credit losses        
Total provisions for credit losses $ 226 $ 230 $ 422 $ 452
Card Member Loans        
Provisions for credit losses        
Total provisions for credit losses 970 923 1,984 1,709
Other        
Provisions for credit losses        
Total provisions for credit losses 72 45 131 92
Discount revenue        
Non-interest revenues        
Non-interest revenues 8,855 8,481 17,235 16,428
Net card fees        
Non-interest revenues        
Non-interest revenues 2,060 1,789 4,034 3,502
Service fees and other revenue        
Non-interest revenues        
Non-interest revenues 1,280 1,232 2,572 2,450
Processed revenue        
Non-interest revenues        
Non-interest revenues $ 408 $ 447 $ 794 $ 867
[1] Represents net income less (i) earnings allocated to participating share awards of $23 million and $17 million for the three months ended June 30, 2024 and 2023, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2024 and 2023.
[2] Represents net income less (i) earnings allocated to participating share awards of $41 million and $31 million for the six months ended June 30, 2024 and 2023, respectively, and (ii) dividends on preferred shares of $29 million for both the six months ended June 30, 2024 and 2023.