Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||||||||
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Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
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Non-interest revenues | ||||||||||||
Non-interest revenues | $ 8,934 | $ 6,877 | $ 24,593 | $ 20,648 | ||||||||
Interest income | ||||||||||||
Interest on loans | 2,256 | 2,266 | 6,494 | 7,543 | ||||||||
Interest and dividends on investment securities | 18 | 33 | 66 | 98 | ||||||||
Deposits with banks and other | 27 | 25 | 73 | 155 | ||||||||
Total interest income | 2,301 | 2,324 | 6,633 | 7,796 | ||||||||
Interest expense | ||||||||||||
Deposits | 109 | 202 | 356 | 788 | ||||||||
Long-term debt and other | 198 | 248 | 635 | 920 | ||||||||
Total interest expense | 307 | 450 | 991 | 1,708 | ||||||||
Net interest income | 1,994 | 1,874 | 5,642 | 6,088 | ||||||||
Total revenues net of interest expense | 10,928 | 8,751 | 30,235 | 26,736 | ||||||||
Provisions for credit losses | ||||||||||||
Provisions | (191) | 665 | (1,472) | 4,841 | ||||||||
Total revenues net of interest expense after provisions for credit losses | 11,119 | 8,086 | 31,707 | 21,895 | ||||||||
Expenses | ||||||||||||
Marketing and business development | 2,355 | 1,822 | 6,340 | 4,889 | ||||||||
Card Member rewards | 3,020 | 2,004 | 7,975 | 5,745 | ||||||||
Card Member services | 579 | 259 | 1,328 | 923 | ||||||||
Salaries and employee benefits | 1,497 | 1,408 | 4,586 | 4,152 | ||||||||
Other, net | 1,218 | 1,229 | 3,095 | 3,748 | ||||||||
Total expenses | 8,669 | 6,722 | 23,324 | 19,457 | ||||||||
Pretax income | 2,450 | 1,364 | 8,383 | 2,438 | ||||||||
Income tax provision | 624 | 291 | 2,042 | 741 | ||||||||
Net income | $ 1,826 | $ 1,073 | $ 6,341 | $ 1,697 | ||||||||
Earnings per Common Share | ||||||||||||
Basic (in dollars per share) | $ 2.27 | [1] | $ 1.31 | [1] | $ 7.84 | [2] | $ 2.01 | [2] | ||||
Diluted (in dollars per share) | $ 2.27 | [1] | $ 1.30 | [1] | $ 7.82 | [2] | $ 2.01 | [2] | ||||
Average common shares outstanding for earnings per common share: | ||||||||||||
Basic (in shares) | 786 | 804 | 796 | 805 | ||||||||
Diluted (in shares) | 787 | 805 | 797 | 806 | ||||||||
Card Member Receivables | ||||||||||||
Provisions for credit losses | ||||||||||||
Provisions | $ (12) | $ 117 | $ (147) | $ 1,069 | ||||||||
Card Member Loans | ||||||||||||
Provisions for credit losses | ||||||||||||
Provisions | (177) | 571 | (1,146) | 3,416 | ||||||||
Other Loans | ||||||||||||
Provisions for credit losses | ||||||||||||
Provisions | (2) | (23) | (179) | 356 | ||||||||
Discount revenue | ||||||||||||
Non-interest revenues | ||||||||||||
Non-interest revenues | 6,676 | 4,999 | 18,245 | 14,852 | ||||||||
Net card fees | ||||||||||||
Non-interest revenues | ||||||||||||
Non-interest revenues | 1,312 | 1,191 | 3,851 | 3,442 | ||||||||
Other fees and commissions | ||||||||||||
Non-interest revenues | ||||||||||||
Non-interest revenues | 632 | 478 | 1,712 | 1,647 | ||||||||
Other | ||||||||||||
Non-interest revenues | ||||||||||||
Non-interest revenues | $ 314 | $ 209 | $ 785 | $ 707 | ||||||||
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- Definition Represents the costs of rewards programs (including Membership Rewards). No definition available.
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- Definition Represents protection plans and complimentary services provided to Card Members. No definition available.
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- Definition Revenues from discount revenue, net card fees, travel commissions and fees, other commissions and fees, securitization, other related income, and net interest income offset by provisions for losses during the period. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating dividend and interest income, including amortization and accretion of premiums and discounts, on securities. No definition available.
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- Definition The aggregate interest and fee income generated by: (1) loans the Entity has positive intent and ability to hold for the foreseeable future, or until maturity or payoff, including commercial and consumer loans, whether domestic or foreign, which may consist of: (a) industrial and agricultural; (b) real estate; and (c) real estate construction loans; (d) trade financing; (e) lease financing; (f) home equity lines-of-credit; (g) automobile and other vehicle loans; and (h) credit card and other revolving-type loans and (2) loans and leases held-for-sale which may include mortgage loans, direct financing, and sales-type leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Aggregate amount of interest expense on all deposits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of interest paid or due on all long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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