v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Non-interest revenues    
Non-interest revenues $ 14,215 $ 12,798
Interest income    
Interest on Card balances and Other loans 6,136 5,552
Interest and dividends on investment securities 17 14
Deposits with banks and other 512 569
Total interest income 6,665 6,135
Interest expense    
Deposits 1,287 1,337
Long-term debt and other 686 629
Total interest expense 1,973 1,966
Net interest income 4,692 4,169
Total revenues net of interest expense 18,907 16,967
Provisions for credit losses    
Total provisions for credit losses 1,251 1,150
Total revenues net of interest expense after provisions for credit losses 17,656 15,817
Expenses    
Card Member rewards 4,891 4,378
Business development 1,591 1,529
Card Member services 1,975 1,328
Marketing 1,480 1,486
Salaries and employee benefits 2,482 2,120
Other, net 1,459 1,646
Total expenses 13,878 12,487
Pretax income 3,778 3,330
Income tax provision 807 746
Net income $ 2,971 $ 2,584
Earnings per Common Share    
Basic (in dollars per share) [1] $ 4.29 $ 3.64
Diluted (in dollars per share) [1] $ 4.28 $ 3.64
Average common shares outstanding for earnings per common share:    
Basic (in shares) 685 701
Diluted (in shares) 686 702
Card Balances    
Provisions for credit losses    
Total provisions for credit losses $ 1,187 $ 1,047
Other    
Provisions for credit losses    
Total provisions for credit losses 64 103
Discount revenue    
Non-interest revenues    
Non-interest revenues 9,512 8,743
Net card fees    
Non-interest revenues    
Non-interest revenues 2,752 2,333
Service fees and other revenue    
Non-interest revenues    
Non-interest revenues $ 1,951 $ 1,722
[1] Reflects net income less (i) earnings allocated to participating share awards of $19 million and $18 million for the three months ended March 31, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $14 million for both the three months ended March 31, 2026 and 2025.