v3.25.2
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Interest and fees on loans (Note 5) [1] $ 5,328 $ 5,301 $ 10,640 $ 10,594
Interest on cash and debt securities 258 281 496 556
Total interest income 5,586 5,582 11,136 11,150
Interest expense:        
Interest on deposits 855 967 1,737 1,921
Interest on senior and subordinated unsecured notes 106 100 206 204
Total interest expense 1,065 1,177 2,151 2,340
Net interest income 4,521 4,405 8,985 8,810
Retailer share arrangements (992) (810) (1,887) (1,574)
Provision for credit losses (Note 5) 1,146 1,691 2,637 3,575
Net interest income, after retailer share arrangements and provision for credit losses 2,383 1,904 4,461 3,661
Other income:        
Interchange revenue 268 263 506 504
Protection product revenue 144 125 291 266
Loyalty programs (360) (346) (671) (665)
Other (Note 3) 66 75 141 1,169
Total other income 118 117 267 1,274
Other expense:        
Employee costs 509 434 1,015 930
Professional fees 236 236 453 456
Marketing and business development 127 129 243 254
Information processing 215 207 434 393
Other 158 171 343 350
Total other expense 1,245 1,177 2,488 2,383
Earnings before provision for income taxes 1,256 844 2,240 2,552
Provision for income taxes (Note 13) 289 201 516 616
Net earnings 967 643 1,724 1,936
Net earnings available to common stockholders $ 946 $ 624 $ 1,682 $ 1,906
Earnings per share (Note 12)        
Basic (in usd per share) $ 2.51 $ 1.56 $ 4.42 $ 4.74
Diluted (in usd per share) $ 2.50 $ 1.55 $ 4.38 $ 4.70
Variable Interest Entity, Primary Beneficiary        
Interest income:        
Interest and fees on loans (Note 5) $ 1,000 $ 1,000 $ 2,100 $ 2,000
Interest expense:        
Interest on borrowings of consolidated securitization entities 104 110 208 215
Provision for credit losses (Note 5) $ 260 $ 257 $ 462 $ 422
[1] Deferred merchant discounts to be recognized in interest income at both June 30, 2025 and December 31, 2024, were $1.7 billion and $1.8 billion, respectively, which are included in Accrued expenses and other liabilities in our Condensed Consolidated Statements of Financial Position.