| 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.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | (In millions, except percentages) | | | | | | | | | | | | | | | | | | | | Revolving Loans
Amortized Cost Basis | | Installment Loans Amortized Cost Basis | | | | | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Total | | Percent | | Consumer loans and interest receivable: | | | | | | | | | | | | | | | | | | Current | | $ | 2,627 | | | $ | 2,075 | | | $ | 630 | | | $ | 229 | | | $ | 17 | | | $ | — | | | $ | 5,578 | | | 96.2% | | 30 - 59 Days | | 29 | | | 38 | | | 12 | | | 6 | | | — | | | — | | | 85 | | | 1.4% | | 60 - 89 Days | | 17 | | | 18 | | | 7 | | | 3 | | | — | | | — | | | 45 | | | 0.8% | | 90 - 179 Days | | 40 | | | 22 | | | 25 | | | 5 | | | 1 | | | — | | | 93 | | | 1.6% | | Total | | $ | 2,713 | | | $ | 2,153 | | | $ | 674 | | | $ | 243 | | | $ | 18 | | | $ | — | | | $ | 5,801 | | | 100% | Gross charge-offs for the six months ended June 30, 2025 | | $ | 67 | | | $ | 1 | | | $ | 71 | | | $ | 12 | | | $ | 1 | | | $ | — | | | $ | 152 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (In millions, except percentages) | | | | | | | | | | | | | | | | | | | | Revolving Loans
Amortized Cost Basis | | Installment Loans Amortized Cost Basis | | | | | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Total | | Percent | | Consumer loans and interest receivable: | | | | | | | | | | | | | | | | | | Current | | $ | 2,404 | | | $ | 2,427 | | | $ | 353 | | | $ | 43 | | | $ | — | | | $ | — | | | $ | 5,227 | | | 96.6% | | 30 - 59 Days | | 25 | | | 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.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | (In millions, except percentages) | | | 2025 | | 2024 | | 2023 | | 2022 | | 2021 | | Prior | | Total | | Percent | | Merchant loans, advances, and interest and fees receivable: | | | | | | | | | | | | | | | | | | Current | | $ | 1,158 | | | $ | 311 | | | $ | 10 | | | $ | 7 | | | $ | 1 | | | $ | 6 | | | $ | 1,493 | | | 89.9% | | 30 - 59 Days | | 30 | | | 37 | | | 5 | | | 1 | | | — | | | — | | | 73 | | | 4.4% | | 60 - 89 Days | | 12 | | | 19 | | | 3 | | | 1 | | | — | | | — | | | 35 | | | 2.1% | | 90 - 179 Days | | 9 | | | 37 | | | 4 | | | 2 | | | — | | | — | | | 52 | | | 3.1% | | 180+ Days | | — | | | 5 | | | 2 | | | 1 | | | — | | | — | | | 8 | | | 0.5% | | Total | | $ | 1,209 | | | $ | 409 | | | $ | 24 | | | $ | 12 | | | $ | 1 | | | $ | 6 | | | $ | 1,661 | | | 100% | Gross charge-offs for the six months ended June 30, 2025 | | $ | — | | | $ | 42 | | | $ | 14 | | | $ | 2 | | | $ | — | | | $ | 1 | | | $ | 59 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (In millions, except percentages) | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Total | | Percent | | Merchant loans, advances, and interest and fees receivable: | | | | | | | | | | | | | | | | | | Current | | $ | 1,274 | | | $ | 28 | | | $ | 13 | | | $ | 1 | | | $ | 8 | | | $ | 4 | | | $ | 1,328 | | | 90.4% | | 30 - 59 Days | | 55 | | | 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+ Days | | 1 | | | 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 | | | |
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| 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 six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | June 30, 2024 | | Consumer Loans Receivable | Interest Receivable | Total Allowance | | Consumer Loans Receivable | Interest Receivable | Total Allowance | | (In millions) | | Beginning balance | $ | 341 | | $ | 7 | | $ | 348 | | | $ | 357 | | $ | 23 | | $ | 380 | | | | | | | | | | | Provisions | 117 | | 6 | | 123 | | | 106 | | 10 | | 116 | | | Charge-offs | (143) | | (9) | | (152) | | | (165) | | (13) | | (178) | | | Recoveries | 33 | | — | | 33 | | | 25 | | — | | 25 | | Other(1) | 25 | | — | | 25 | | | (11) | | — | | (11) | | | Ending balance | $ | 373 | | $ | 4 | | $ | 377 | | | $ | 312 | | $ | 20 | | $ | 332 | |
(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 six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | June 30, 2024 | | Merchant Loans and Advances | Interest and Fees Receivable | Total Allowance | | Merchant Loans and Advances | Interest and Fees Receivable | Total Allowance | | (In millions) | | Beginning balance | $ | 107 | | $ | 6 | | $ | 113 | | | $ | 148 | | $ | 12 | | $ | 160 | | | Provisions | 69 | | 8 | | 77 | | | 31 | | (1) | | 30 | | | Charge-offs | (55) | | (4) | | (59) | | | (89) | | (5) | | (94) | | | Recoveries | 12 | | — | | 12 | | | 14 | | — | | 14 | | Other(1) | 4 | | — | | 4 | | | — | | — | | — | | | Ending balance | $ | 137 | | $ | 10 | | $ | 147 | | | $ | 104 | | $ | 6 | | $ | 110 | |
(1) Includes amounts related to foreign currency remeasurement.
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