v3.26.3
Condensed Consolidated Statements of Financial Position - USD ($)
shares in Thousands, $ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and equivalents $ 15,901 $ 14,973
Debt securities (Note 3) [1] 4,356 2,348
Total loan receivables [2],[3],[4] 103,346 103,808
Less: Allowance for credit losses (10,341) (10,442)
Loan receivables, net 93,005 93,366
Goodwill 1,363 1,363
Intangible assets, net 147 104
Other assets (Note 6) 7,697 6,941
Total assets 122,469 119,095
Deposits: (Note 7)    
Interest-bearing deposit accounts 82,513 80,748
Non-interest-bearing deposit accounts 438 396
Total deposits 82,951 81,144
Borrowings: (Notes 5 and 8)    
Senior and subordinated unsecured notes 8,110 6,767
Total borrowings [5],[6] 17,025 15,182
Accrued expenses and other liabilities 5,943 6,003
Total liabilities 105,919 102,329
Equity:    
Preferred stock, par value $0.001 per share; 300 million shares authorized, 1.26 million and 1.25 million shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively (Note 12) 1,716 1,222
Common stock, par value $0.001 per share; 4.0 billion shares authorized; 834 million shares issued at both September 30, 2026 and December 31, 2025; 311 million and 347 million shares outstanding at September 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 9,912 9,902
Retained earnings 26,720 24,598
Accumulated other comprehensive income (loss):    
Debt securities (44) (6)
Currency translation adjustments (60) (50)
Employee benefit plans and other 6 8
Treasury stock, at cost; 523 million and 487 million shares at September 30, 2026 and December 31, 2025, respectively (21,701) (18,909)
Total equity 16,550 16,766
Total liabilities and equity $ 122,469 $ 119,095
Preferred stock outstanding (in shares) 1,260 1,250
Preferred stock issued (in shares) 1,260 1,250
Unsecuritized loans held for investment    
Assets    
Total loan receivables $ 81,448 $ 81,408
Restricted loans of consolidated securitization entities    
Assets    
Total loan receivables 21,898 22,400
Less: Allowance for credit losses (2,000) (1,900)
Loan receivables, net [7] 19,922 20,457
Other assets (Note 6) [8] 799 46
Total assets 20,721 20,503
Borrowings: (Notes 5 and 8)    
Borrowings of consolidated securitization entities [5],[6] 8,915 8,415
Total liabilities $ 8,942 $ 8,443
[1] At September 30, 2026 and December 31, 2025, the estimated fair value of debt securities pledged by the Bank as collateral to the Federal Reserve to secure Federal Reserve discount window advances was $288 million and $470 million, respectively.
[2] At September 30, 2026 and December 31, 2025, loan receivables included deferred costs, net of purchase discounts and deferred income, of $25 million and $(53) million, respectively.
[3] Total loan receivables include $21.9 billion and $22.4 billion of restricted loans of consolidated securitization entities at September 30, 2026 and December 31, 2025, respectively. See Note 5. Variable Interest Entities for further information.
[4] At September 30, 2026 and December 31, 2025, $18.4 billion and $18.3 billion, respectively, of loan receivables were pledged by the Bank as collateral to the Federal Reserve to secure Federal Reserve discount window advances.
[5] Includes unamortized debt premiums, discounts and issuance costs.
[6] The Company may redeem certain borrowings prior to their original contractual maturity dates in accordance with the optional redemption provision specified in the respective instruments.
(c)Includes $750 million of fixed securitized borrowings which matured and were repaid in October 2026.
[7] Includes $2.0 billion and $1.9 billion of related allowance for credit losses resulting in gross restricted loan receivables of $21.9 billion and $22.4 billion at September 30, 2026 and December 31, 2025, respectively.
[8] Includes $794 million and $42 million of segregated funds held by the VIEs at September 30, 2026 and December 31, 2025, respectively, which are classified as restricted cash and equivalents and included as a component of Other assets in our Condensed Consolidated Statements of Financial Position.