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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Non-interest revenues        
Non-interest revenues $ 11,035 $ 8,425 $ 20,571 $ 15,659
Interest income        
Interest on loans 2,707 2,094 5,180 4,238
Interest and dividends on investment securities 22 24 35 48
Deposits with banks and other 70 22 104 46
Total interest income 2,799 2,140 5,319 4,332
Interest expense        
Deposits 187 113 309 247
Long-term debt and other 252 209 451 437
Total interest expense 439 322 760 684
Net interest income 2,360 1,818 4,559 3,648
Total revenues net of interest expense 13,395 10,243 25,130 19,307
Provisions for credit losses        
Total provisions for credit losses 410 (606) 377 (1,281)
Total revenues net of interest expense after provisions for credit losses 12,985 10,849 24,753 20,588
Expenses        
Card Member rewards 3,591 2,712 6,702 4,955
Business development 1,404 889 2,447 1,691
Card Member services 678 432 1,304 749
Marketing 1,502 1,330 2,726 2,294
Salaries and employee benefits 1,816 1,539 3,470 3,089
Other, net 1,451 1,007 2,849 1,877
Total expenses 10,442 7,909 19,498 14,655
Pretax income 2,543 2,940 5,255 5,933
Income tax provision 579 660 1,192 1,418
Net income $ 1,964 $ 2,280 $ 4,063 $ 4,515
Earnings per Common Share        
Basic (in dollars per share) $ 2.57 [1] $ 2.81 [1] $ 5.30 [2] $ 5.55 [2]
Diluted (in dollars per share) $ 2.57 [1] $ 2.80 [1] $ 5.30 [2] $ 5.54 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 752 801 755 802
Diluted (in shares) 753 802 756 803
Card Member Receivables        
Provisions for credit losses        
Total provisions for credit losses $ 138 $ (125) $ 218 $ (135)
Card Member Loans        
Provisions for credit losses        
Total provisions for credit losses 272 (396) 161 (969)
Other        
Provisions for credit losses        
Total provisions for credit losses 0 (85) (2) (177)
Discount revenue        
Non-interest revenues        
Non-interest revenues 7,873 6,044 14,708 11,045
Net card fees        
Non-interest revenues        
Non-interest revenues 1,481 1,286 2,904 2,539
Service fees and other revenue        
Non-interest revenues        
Non-interest revenues 1,265 705 2,171 1,343
Processed revenue        
Non-interest revenues        
Non-interest revenues $ 416 $ 390 $ 788 $ 732
[1] Represents net income less (i) earnings allocated to participating share awards of $15 million and $16 million for the three months ended June 30, 2022 and 2021, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2022 and 2021.
[2] Represents net income less (i) earnings allocated to participating share awards of $31 million for both the six months ended June 30, 2022 and 2021, and (ii) dividends on preferred shares of $29 million for both the six months ended June 30, 2022 and 2021.