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Reserves for Credit Losses (Tables)
 9 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
Schedule of key variables in macroeconomic scenarios utilized for computation of reserves for credit losses
The following table reflects the range of macroeconomic scenario key variables available to us as of September 30, 2025 and December 31, 2024, respectively, which were used, in conjunction with other inputs, to calculate reserves for credit losses:
Table 3.1: Key Macroeconomic Variables
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
September 30, 2025December 31, 2024September 30, 2025December 31, 2024
Third quarter of 2025
4%
3% - 8%
1%
3% - (4)%
Fourth quarter of 2025
4% - 6%
3% - 8%
5% - (3)%
3% - 1%
Fourth quarter of 2026
4% - 8%
3% - 7%
2% - 1%
2%
Fourth quarter of 2027
4% - 7%
3% - 6%
3% - 2%
4% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Schedule of changes in card member loans, receivables, and other loans
The following table presents changes in the Card Member loans reserve for credit losses for the three and nine months ended September 30:
Table 3.2: Changes in Card Member Loans Reserve for Credit Losses
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2025202420252024
Beginning Balance
$5,767 $5,321 $5,679 $5,118 
Provisions (a)
1,030 1,114 3,025 3,098 
Net write-offs (b)
Principal(760)(701)(2,349)(2,159)
Interest and fees(168)(152)(512)(462)
Other (c)
(1)6 25 (7)
Ending Balance$5,868 $5,588 $5,868 $5,588 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs. In addition, provisions for the nine months ended September 30, 2025 include the reserve release of $144 million upon the previously-mentioned reclassification of a small business cobrand portfolio to Card Member loans HFS in the second quarter of 2025. See Note 1 for additional information.
(b)Principal write-offs are presented less recoveries of $261 million and $192 million for the three months ended September 30, 2025 and 2024, respectively, and $724 million and $530 million for the nine months ended September 30, 2025 and 2024, respectively. Recoveries of interest and fees were not significant.
(c)Primarily includes foreign currency translation adjustments.
The following table presents changes in the Card Member receivables reserve for credit losses for the three and nine months ended September 30:
Table 3.3: Changes in Card Member Receivables Reserve for Credit Losses
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2025202420252024
Beginning Balance
$193 $171 $171 $174 
Provisions (a)
190 170 562 592 
Net write-offs (b)
(183)(187)(536)(609)
Other (c)
— 2 3 (1)
Ending Balance$200 $156 $200 $156 
(a)Provisions for principal and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $77 million and $74 million for the three months ended September 30, 2025 and 2024, respectively, and $224 million and $228 million for the nine months ended September 30, 2025 and 2024, respectively.
(c)Primarily includes foreign currency translation adjustments.
The following table presents changes in the Other loans reserve for credit losses for the three and nine months ended September 30:
Table 3.4: Changes in Other Loans Reserve for Credit Losses
Three Months Ended September 30,Nine Months Ended September 30,
(Millions)2025202420252024
Beginning Balance
$272 $140 $194 $126 
Provisions (a)
62 60 245 162 
Net write-offs (b)
Principal
(45)(44)(146)(129)
Interest and Fees
(2)(2)(7)(5)
Other
— — 1 — 
Ending Balance$287 $154 $287 $154 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $10 million and $5 million for the three months ended September 30, 2025 and 2024, respectively, and $25 million and $14 million for the nine months ended September 30, 2025 and 2024, respectively. Recoveries of interest and fees were not significant.