Bread Financial Holdings Inc. reported its performance update for November 2025. The company's end-of-period credit card and other loans stood at $18.09 billion, slightly down from $18.14 billion in November 2024. The average credit card and other loans were $17.78 billion, reflecting a 1% year-over-year decrease. The delinquency rate as of November 30, 2025, was 6.0%, compared to 6.2% in the same period the previous year. Net principal losses for November 2025 were $109 million, down from $118 million in November 2024. The net loss rate was 7.4%, compared to 8.0% in the prior year. As of November 30, 2025, principal for 30 days or more delinquencies was $967 million, down from $1.03 billion as of November 30, 2024. Period-ended credit card and other loans principal totaled $16.25 billion, compared to $16.70 billion a year earlier.