v3.25.2
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Revenues:      
Retail $ 2,748 $ 2,076 $ 1,468
Dealer 291 230 116
Operating leases 6,450 6,099 6,600
Total revenues 9,489 8,405 8,184
Leased vehicle expenses 4,390 4,340 4,891
Interest expense 2,445 1,703 887
Net revenues 2,654 2,362 2,406
Other income, net 159 128 92
Total net revenues 2,813 2,490 2,498
Expenses:      
General and administrative expenses 597 557 485
Provision for credit losses 306 301 146
Early termination loss on operating leases 136 100 38
Loss on derivative instruments 172 19 697
Loss/(gain) on foreign currency revaluation of debt 10 (25) (410)
Total expenses 1,221 952 956
Income before income taxes 1,592 1,538 1,542
Income tax expense 415 439 403
Net income 1,177 1,099 1,139
Less: Net income attributable to noncontrolling interest 67 70 86
Net income attributable to    American Honda Finance Corporation $ 1,110 $ 1,029 $ 1,053