v3.26.1
LOANS AND INTEREST RECEIVABLE (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
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 revolving and installment loans and interest receivable by year of origination, as applicable. 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.

March 31, 2026
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20262025202420232022TotalPercent
Consumer loans and interest receivable:
Current$2,692 $1,078 $1,091 $280 $74 $— $5,215 96.3%
30 - 59 Days28 15 19 4 1 — 67 1.2%
60 - 89 Days 21 — 21 3 1 — 46 0.9%
90 - 179 Days 40 — 40 4 2 — 86 1.6%
Total$2,781 $1,093 $1,171 $291 $78 $— $5,414 100%
Gross charge-offs for the three months ended March 31, 2026
$35 $— $33 $3 $— $— $71 

December 31, 2025
(In millions, except percentages)
Revolving Loans
Amortized Cost Basis 		Installment Loans Amortized Cost Basis
20252024202320222021TotalPercent
Consumer loans and interest receivable:
Current$2,767 $2,043 $360 $114 $— $— $5,284 96.4%
30 - 59 Days29 34 5 2 — — 70 1.3%
60 - 89 Days 19 22 4 2 — — 47 0.9%
90 - 179 Days 39 31 6 2 — — 78 1.4%
Total$2,854 $2,130 $375 $120 $— $— $5,479 100%
Gross charge-offs for the year ended December 31, 2025
$136 $36 $107 $20 $1 $— $300 
The following tables present the delinquency status and gross charge-offs of merchant loans, advances, 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.

March 31, 2026
(In millions, except percentages)
2026
2025202420232022TotalPercent
Merchant loans, advances, and fees receivable:
Current$818 $803 $26 $3 $4 $1,654 89.4%
30 - 59 Days10 57 13 1 — 81 4.4%
60 - 89 Days 2 32 8 1 — 43 2.3%
90 - 179 Days — 50 11 2 — 63 3.4%
180+ Days— 4 5 1 — 10 0.5%
Total$830 $946 $63 $8 $4 $1,851 100.0%
Gross charge-offs for the three months ended March 31, 2026
$— $25 $13 $2 $— $40 
December 31, 2025
(In millions, except percentages)
2025
2024202320222021PriorTotalPercent
Merchant loans, advances, and fees receivable:
Current$1,558 $53 $5 $3 $— $2 $1,621 89.8%
30 - 59 Days63 17 1 1 — — 82 4.5%
60 - 89 Days 27 10 1 1 — — 39 2.2%
90 - 179 Days 34 18 2 1 — — 55 3.0%
180+ Days2 5 2 — — — 9 0.5%
Total$1,684 $103 $11 $6 $— $2 $1,806 100%
Gross charge-offs for the year ended December 31, 2025
$25 $87 $19 $4 $— $2 $137 
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 three months ended March 31, 2026 and 2025:
March 31, 2026March 31, 2025
Consumer Loans ReceivableInterest Receivable
Total Allowance
Consumer Loans ReceivableInterest Receivable
Total Allowance
(In millions)
Beginning balance$366 $3 $369 $341 $7 $348 
Provisions55 3 58 55 3 58 
Charge-offs(68)(3)(71)(71)(5)(76)
Recoveries26 — 26 12 — 12 
Other(1)
(6)— (6)10 — 10 
Ending balance$373 $3 $376 $347 $5 $352 
(1) Includes amounts related to foreign currency remeasurement.
The following table summarizes the activity in the allowance for merchant loans, advances, and fees receivable for the three months ended March 31, 2026 and 2025:
March 31, 2026March 31, 2025
Merchant Loans and Advances
Fees Receivable
Total AllowanceMerchant Loans and Advances
Fees Receivable
Total Allowance
(In millions)
Beginning balance$156 $14 $170 $107 $6 $113 
Provisions47 4 51 38 3 41 
Charge-offs(37)(3)(40)(23)(2)(25)
Recoveries4 — 4 6 — 6 
Other(1)
(1)— (1)— — — 
Ending balance$169 $15 $184 $128 $7 $135 
(1) Includes amounts related to foreign currency remeasurement.