v3.25.1
LOANS AND INTEREST RECEIVABLE (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Delinquency Status of Consumer Loans and Interest Receivable by Year of Origination
The following tables present the delinquency status and gross charge-offs of consumer loans and interest receivable by year of origination. The amounts are based on the number of days past the billing date for revolving loans or contractual repayment date for installment loans. The “current” category represents balances that are within 29 days of the billing date or contractual repayment date, as applicable.

March 31, 2025
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20252024202320222021TotalPercent
Consumer loans and interest receivable:
Current$2,429 $1,616 $860 $288 $29 $— $5,222 96.3%
30 - 59 Days26 18 15 4 — — 63 1.1%
60 - 89 Days 17 2 28 5 1 — 53 1.0%
90 - 179 Days 36 — 42 6 1 — 85 1.6%
Total$2,508 $1,636 $945 $303 $31 $— $5,423 100%
Gross charge-offs for the three months ended March 31, 2025
$33 $1 $35 $7 $— $— $76 

December 31, 2024
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20242023202220212020TotalPercent
Consumer loans and interest receivable:
Current$2,404 $2,427 $353 $43 $— $— $5,227 96.6%
30 - 59 Days25 28 4 — — — 57 1.1%
60 - 89 Days 16 19 4 1 — — 40 0.7%
90 - 179 Days 38 40 9 2 — — 89 1.6%
Total$2,483 $2,514 $370 $46 $— $— $5,413 100%
Gross charge-offs for the year ended December 31, 2024
$138 $39 $133 $14 $— $— $324 
The following tables present the delinquency status and gross charge-offs of merchant loans, advances, and interest and fees receivable by year of origination. The amounts are based on the number of days past the expected or contractual repayment date for amounts outstanding. The “current” category represents balances that are within 29 days of the expected repayment date or contractual repayment date, as applicable.

March 31, 2025
(In millions, except percentages)
2025
2024202320222021PriorTotalPercent
Merchant loans, advances, and interest and fees receivable:
Current$694 $689 $15 $9 $1 $9 $1,417 90.0%
30 - 59 Days11 51 7 2 — 1 72 4.6%
60 - 89 Days 2 24 5 2 — 1 34 2.2%
90 - 179 Days — 35 8 2 — — 45 2.8%
180+ Days— 3 3 1 — — 7 0.4%
Total$707 $802 $38 $16 $1 $11 $1,575 100%
Gross charge-offs for the three months ended March 31, 2025
$— $16 $8 $1 $— $— $25 


December 31, 2024
(In millions, except percentages)
2024
2023202220212020PriorTotalPercent
Merchant loans, advances, and interest and fees receivable:
Current$1,274 $28 $13 $1 $8 $4 $1,328 90.4%
30 - 59 Days55 10 3 — — 1 69 4.7%
60 - 89 Days 23 6 2 — — — 31 2.1%
90 - 179 Days 21 11 4 — — — 36 2.4%
180+ Days1 4 1 — — — 6 0.4%
Total$1,374 $59 $23 $1 $8 $5 $1,470 100%
Gross charge-offs for the year ended December 31, 2024
$10 $96 $42 $— $8 $— $156 
Schedule of Allowance for Loans and Interest Receivable
The following table summarizes the activity in the allowance for consumer loans and interest receivable for the three months ended March 31, 2025 and 2024:
March 31, 2025March 31, 2024
Consumer Loans ReceivableInterest Receivable
Total Allowance
Consumer Loans ReceivableInterest Receivable
Total Allowance
(In millions)
Beginning balance$341 $7 $348 $357 $23 $380 
Provisions55 3 58 44 5 49 
Charge-offs(71)(5)(76)(92)(7)(99)
Recoveries12 — 12 11 — 11 
Other(1)
10 — 10 (7)— (7)
Ending balance$347 $5 $352 $313 $21 $334 
(1) Includes amounts related to foreign currency remeasurement.
The following table summarizes the activity in the allowance for merchant loans, advances, and interest and fees receivable for the three months ended March 31, 2025 and 2024:
March 31, 2025March 31, 2024
Merchant Loans and AdvancesInterest and Fees ReceivableTotal AllowanceMerchant Loans and AdvancesInterest and Fees ReceivableTotal Allowance
(In millions)
Beginning balance$107 $6 $113 $148 $12 $160 
Provisions38 3 41 17 (1)16 
Charge-offs(23)(2)(25)(50)(3)(53)
Recoveries6 — 6 8 — 8 
Ending balance$128 $7 $135 $123 $8 $131