---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-24-000059"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2024-08-15T23:59:59+00:00"
generated_at: "2026-05-31T09:08:48.828092+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmEx July credit stats: net write-off rate falls to 2.1% for Consumer, 2.3% for Small Business

## Summary
- Total card member loans $115.1B as of July 31, up from $113.6B in June and $112.2B in May.
- U.S. Consumer net write-off rate (principal only) improved to 2.1% in July from 2.3% in June and 2.4% in May.
- U.S. Small Business net write-off rate improved to 2.3% in July from 2.4% in June and 2.5% in May.
- 30+ days past due loans stable at 1.3% (Consumer) and 1.4% (Small Business) for all three months.
- Lending Trust annualized default rate declined to 1.2% in July from 1.5% in June.

## SEC filing metadata
- accession: 0000004962-24-000059
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2024-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496224000059/0000004962-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496224000059/axp-20240815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-24-000059
- JSON: https://secwatch.observer/filing/0000004962-24-000059.json
- Plain text: https://secwatch.observer/filing/0000004962-24-000059.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.