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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Non-interest revenues        
Non-interest revenues $ 13,669 $ 12,603 $ 26,467 $ 24,635
Interest income        
Interest on loans 5,648 5,092 11,200 10,150
Interest and dividends on investment securities 17 25 31 50
Deposits with banks and other 599 677 1,168 1,369
Total interest income 6,264 5,794 12,399 11,569
Interest expense        
Deposits 1,374 1,425 2,711 2,852
Long-term debt and other 703 639 1,332 1,218
Total interest expense 2,077 2,064 4,043 4,070
Net interest income 4,187 3,730 8,356 7,499
Total revenues net of interest expense 17,856 16,333 34,823 32,134
Provisions for credit losses        
Total provisions for credit losses 1,405 1,268 2,555 2,537
Total revenues net of interest expense after provisions for credit losses 16,451 15,065 32,268 29,597
Expenses        
Card Member rewards 4,618 4,227 8,996 8,001
Business development 1,589 1,427 3,118 2,819
Card Member services 1,301 1,154 2,629 2,325
Marketing 1,555 1,480 3,041 2,956
Salaries and employee benefits 2,152 1,949 4,272 4,047
Other, net 1,686 1,038 3,332 2,514
Total expenses 12,901 11,275 25,388 22,662
Pretax income 3,550 3,790 6,880 6,935
Income tax provision 665 775 1,411 1,483
Net income $ 2,885 $ 3,015 $ 5,469 $ 5,452
Earnings per Common Share        
Basic (in dollars per share) $ 4.08 [1] $ 4.16 [1] $ 7.73 [2] $ 7.49 [2]
Diluted (in dollars per share) $ 4.08 [1] $ 4.15 [1] $ 7.71 [2] $ 7.48 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 698 716 700 718
Diluted (in shares) 699 717 701 719
Card Member Receivables        
Provisions for credit losses        
Total provisions for credit losses $ 226 $ 226 $ 372 $ 422
Card Member Loans        
Provisions for credit losses        
Total provisions for credit losses 1,094 970 1,995 1,984
Other        
Provisions for credit losses        
Total provisions for credit losses 85 72 188 131
Discount revenue        
Non-interest revenues        
Non-interest revenues 9,361 8,855 18,104 17,235
Net card fees        
Non-interest revenues        
Non-interest revenues 2,480 2,060 4,813 4,034
Service fees and other revenue        
Non-interest revenues        
Non-interest revenues $ 1,828 $ 1,688 $ 3,550 $ 3,366
[1] Represents net income less (i) earnings allocated to participating share awards of $18 million and $23 million for the three months ended June 30, 2025 and 2024, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2025 and 2024.
[2] Represents net income less (i) earnings allocated to participating share awards of $36 million and $41 million for the six months ended June 30, 2025 and 2024, respectively, and (ii) dividends on preferred shares of $29 million for both the six months ended June 30, 2025 and 2024.