v3.25.2
Fee Income from Contracts with Customers
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Fee Income from Contracts with Customers Fee Income from Contracts with Customers
The following table summarizes fee income from contracts with customers disaggregated by type of activity, as well as a reconciliation to total other revenues, during the three and six months ended June 30, 2025 and 2024. See Note 23, "Fee Income from Contracts with Customers," in our 2024 Form 10-K for a description of the various types of fee-based activities and how revenue associated with these activities is recognized. There have been no significant changes in these activities since December 31, 2024.
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
 (in millions)
Credit card fees, net$17 $13 $31 $28 
Trust and investment management fees41 34 82 70 
Other fees and commissions:
Account services80 76 159 151 
Credit facilities71 83 148 174 
Other fees11 11 20 21 
Total other fees and commissions162 170 327 346 
Servicing and other fees from HSBC affiliates98 93 200 181 
Insurance(1)
— 1 1 2 
Total fee income from contracts with customers318 311 641 627 
Other non-fee revenue200 226 393 449 
Total other revenues(2)
$518 $537 $1,034 $1,076 
(1)Included within other income (loss) in the consolidated statement of income.
(2)See Note 13, "Business Segments," for a reconciliation of total other revenues on a U.S. GAAP basis to other operating income for each business segment under the Group Reporting Basis.
Credit card fees, net We recognized interchange fees of $30 million and $58 million during the three and six months ended June 30, 2025, respectively, compared with $27 million and $54 million during the three and six months ended June 30, 2024, respectively. Credit card rewards program costs totaled $18 million and $37 million during the three and six months ended June 30, 2025, respectively, compared with $17 million and $32 million during the three and six months ended June 30, 2024, respectively.
Deferred Fee Income
Information related to deferred fee income on loan commitments, revolving credit facilities and standby letters of credit is included in Note 16, "Guarantee Arrangements, Pledged Assets and Repurchase Agreements," and Note 17, "Fair Value Measurements." Excluding these items, we had deferred fee income related to certain account service fees that are paid upfront and recognized over the service period and annual fees on credit cards which collectively was $7 million and $3 million at June 30, 2025 and December 31, 2024, respectively. We expect to recognize this revenue over a remaining period of one year or less.
We do not use significant judgments in the determination of the amount and timing of fee income from contracts with customers. Additionally, costs to obtain or fulfill contracts with customers were immaterial.