Reportable Operating Segments and Geographic Operations (Tables)

12 Months Ended

Dec. 31, 2025

The following tables present certain selected financial information for our reportable operating segments and Corporate & Other as of or for the years ended December 31, 2025, 2024 and 2023.

TABLE 23.1: SELECTED FINANCIAL INFORMATION BY SEGMENT


(Millions)	USCS		CS		ICS		GMNS		Total Reportable Operating Segments		Corporate & Other (a)		Consolidated
2025
Total non-interest revenues	$	22,307	$	13,654	$	11,819	$	7,058	$	54,838	$	27	$	54,865
Revenue from contracts with customers (b)	15,626		11,856		7,544		6,306		41,332		(29)		41,304
Interest income	15,655		5,077		2,534		40		23,306		2,292		25,598
Interest expense	3,148		1,805		1,353		(661)		5,645		2,589		8,234
Net interest income	12,507		3,272		1,181		701		17,661		(297)		17,364
Total revenues net of interest expense	34,814		16,926		13,000		7,759		72,499		(270)		72,229
Provisions for credit losses	2,967		1,380		831		78		5,256		—		5,256
Total revenues net of interest expense after provisions for credit losses	31,847		15,546		12,169		7,681		67,243		(270)		66,973
Expenses
Card Member rewards, business development and Card Member services (c)	16,557		7,166		5,950		1,210		30,883		40		30,923
Marketing	3,187		1,331		1,319		393		6,230		22		6,252
Salaries and employee benefits and other operating expenses	5,293		3,381		3,297		2,110		14,081		1,922		16,003
Total expenses	25,037		11,878		10,566		3,713		51,194		1,984		53,178
Pretax income (loss)	$	6,810	$	3,668	$	1,603	$	3,968	$	16,049	$	(2,254)	$	13,795
Total assets	$	122,968	$	63,168	$	50,089	$	18,686	$	254,911	$	45,141	$	300,052


(Millions)	USCS		CS		ICS		GMNS		Total Reportable Operating Segments		Corporate & Other (a)		Consolidated
2024
Total non-interest revenues	$	20,137	$	13,219	$	10,369	$	6,729	$	50,454	$	(48)	$	50,406
Revenue from contracts with customers (b)	14,481		11,559		6,766		6,051		38,857		(32)		38,825
Interest income	14,430		4,374		2,331		52		21,187		2,608		23,795
Interest expense	3,140		1,734		1,239		(703)		5,410		2,842		8,252
Net interest income	11,290		2,640		1,092		755		15,777		(234)		15,543
Total revenues net of interest expense	31,427		15,859		11,461		7,484		66,231		(282)		65,949
Provisions for credit losses	3,029		1,389		726		42		5,186		(1)		5,185
Total revenues net of interest expense after provisions for credit losses	28,398		14,470		10,735		7,442		61,045		(281)		60,764
Expenses
Card Member rewards, business development and Card Member services (c)	14,329		6,504		5,243		1,148		27,224		43		27,267
Marketing	3,051		1,319		1,235		411		6,016		24		6,040
Salaries and employee benefits and other operating expenses	4,641		3,142		3,226		1,485		12,494		2,068		14,562
Total expenses	22,021		10,965		9,704		3,044		45,734		2,135		47,869
Pretax income (loss)	$	6,377	$	3,505	$	1,031	$	4,398	$	15,311	$	(2,416)	$	12,895
Total assets	$	114,228	$	58,969	$	42,879	$	17,712	$	233,788	$	37,673	$	271,461


(Millions)	USCS		CS		ICS		GMNS		Total Reportable Operating Segments		Corporate & Other (a)		Consolidated
2023
Total non-interest revenues	$	18,464	$	12,931	$	9,472	$	6,620	$	47,487	$	(106)	$	47,381
Revenue from contracts with customers (b)	13,715		11,379		6,155		6,006		37,255		(37)		37,218
Interest income	12,336		3,328		2,076		57		17,797		2,186		19,983
Interest expense	2,684		1,483		1,118		(719)		4,566		2,283		6,849
Net interest income	9,652		1,845		958		776		13,231		(97)		13,134
Total revenues net of interest expense	28,116		14,776		10,430		7,396		60,718		(203)		60,515
Provisions for credit losses	2,855		1,313		727		27		4,922		1		4,923
Total revenues net of interest expense after provisions for credit losses	25,261		13,463		9,703		7,369		55,796		(204)		55,592
Expenses
Card Member rewards, business development and Card Member services (c)	12,808		6,332		4,588		1,218		24,946		46		24,992
Marketing	2,585		1,090		1,081		437		5,193		20		5,213
Salaries and employee benefits and other operating expenses	4,435		3,180		3,061		2,058		12,734		2,140		14,874
Total expenses	19,828		10,602		8,730		3,713		42,873		2,206		45,079
Pretax income (loss)	$	5,433	$	2,861	$	973	$	3,656	$	12,923	$	(2,410)	$	10,513
Total assets	$	107,158	$	55,361	$	42,234	$	23,714	$	228,467	$	32,641	$	261,108

(a)Corporate & Other includes adjustments and eliminations for intersegment activity.

(b)Includes discount revenue and certain service fees and other revenue from customers.

(c)Card Member rewards, business development and Card Member services expenses are generally correlated to volumes or are variable based on usage.

Total revenues net of interest expense and pretax income

The following table presents our total revenues net of interest expense and pretax income (loss) from continuing operations in different geographic regions based, in part, upon internal allocations, which necessarily involve management’s judgment.

TABLE 23.2: SUMMARY OF TOTAL REVENUE AND PRETAX INCOME BY REGION


(Millions)	United States		EMEA(a)		APAC(a)		LACC(a)		Other Unallocated(b)		Consolidated
2025
Total revenues net of interest expense	$	56,015	$	7,073	$	5,218	$	4,194	$	(271)	$	72,229
Pretax income (loss) from continuing operations	13,054		1,255		831		907		(2,252)		13,795
2024
Total revenues net of interest expense	$	51,471	$	6,216	$	4,698	$	3,845	$	(281)	$	65,949
Pretax income (loss) from continuing operations	12,919		935		656		803		(2,418)		12,895
2023
Total revenues net of interest expense	$	47,140	$	5,633	$	4,372	$	3,571	$	(201)	$	60,515
Pretax income (loss) from continuing operations	10,717		854		592		760		(2,410)		10,513

(a)EMEA represents Europe, the Middle East and Africa; APAC represents Asia Pacific, Australia and New Zealand; and LACC represents Latin America, Canada and the Caribbean.

(b)Other Unallocated includes net costs which are not directly allocated to specific geographic regions, including costs related to excess liquidity funding and executive office operations expenses.