v3.25.4
Interest Income and Interest Expense
 12 Months Ended
Dec. 31, 2025
Interest Income (Expense), Operating [Abstract]  
Interest Income and Interest Expense Interest Income and Interest Expense
$ in millions202520242023
Interest income
Cash and cash equivalents1
$2,566 $3,068 $3,408 
Investment securities5,328 5,161 3,992 
Loans13,995 13,771 12,424 
Securities purchased under agreements to resell2
14,548 12,416 7,762 
Securities borrowed3
6,623 5,391 5,191 
Trading assets, net of Trading liabilities6,242 5,924 4,488 
Customer receivables and Other1
9,761 8,404 8,584 
Total interest income$59,063 $54,135 $45,849 
Interest expense
Deposits$10,626 $10,368 $8,216 
Borrowings12,556 13,242 11,437 
Securities sold under agreements to repurchase4
12,874 10,787 6,737 
Securities loaned5
3,076 1,036 784 
Customer payables and Other
9,885 10,091 10,445 
Total interest expense$49,017 $45,524 $37,619 
Net interest$10,046 $8,611 $8,230 
1.In 2023, interest-bearing Cash and cash equivalents and related interest were presented separately for the first time. The prior year amounts for Customer receivables and Other have been disaggregated to exclude Cash and cash equivalents to align with the current presentation.
2.Includes interest paid on Securities purchased under agreements to resell.
3.Includes fees paid on Securities borrowed.
4.Includes interest received on Securities sold under agreements to repurchase.
5.Includes fees received on Securities loaned.

Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of
the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense.
Accrued Interest
$ in millionsAt
December 31,
2025 		At
December 31,
2024
Customer and other receivables$4,051 $3,322 
Customer and other payables4,663 3,938