v3.26.1
Interest Income and Interest Expense
 3 Months Ended
Mar. 31, 2026
Interest Income (Expense), Operating [Abstract]  
Interest Income and Interest Expense Interest Income and Interest Expense
 Three Months Ended
March 31,
$ in millions20262025
Interest income
Cash and cash equivalents
$699 $659 
Investment securities1,343 1,280 
Loans3,582 3,325 
Securities purchased under agreements to resell1
3,494 3,416 
Securities borrowed2
1,698 1,116 
Trading assets, net of Trading liabilities1,934 1,439 
Customer receivables and Other
2,523 2,513 
Total interest income$15,273 $13,748 
Interest expense
Deposits$2,557 $2,522 
Borrowings3,183 3,018 
Securities sold under agreements to repurchase3
3,615 3,069 
Securities loaned4
771 256 
Customer payables and Other
2,444 2,530 
Total interest expense$12,570 $11,395 
Net interest$2,703 $2,353 
1.Includes interest paid on Securities purchased under agreements to resell.
2.Includes fees paid on Securities borrowed.
3.Includes interest received on Securities sold under agreements to repurchase.
4.Includes fees received on Securities loaned.

Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense.
Accrued Interest
$ in millionsAt March 31,
2026		At December 31,
2025
Customer and other receivables$4,666 $4,051 
Customer and other payables4,619 4,663