---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000002"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:31:34.494196+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmEx reports Q4 2024 credit stats: Consumer write-off rate 2.1%, Small Business 2.3%; reclassifies $758M Lowe's loans

## Summary
- Total U.S. Consumer and Small Business loans $122.2B at Dec 31, up from $120B in Nov.
- U.S. Consumer net write-off rate (principal only) Q4 2024: 2.1%; Nov 2.0%, Oct 2.4%.
- U.S. Small Business net write-off rate (principal only) Q4 2024: 2.3%; Nov 2.3%, Oct 2.2%.
- Reclassified $758M of Lowe's small business cobrand loans to held for sale effective Dec 1, 2024.
- 30+ days past due steady at 1.4% (Consumer) and 1.5% (Small Business) across all months.

## SEC filing metadata
- accession: 0000004962-25-000002
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496225000002/0000004962-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000002/axp-20250115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000002
- JSON: https://secwatch.observer/filing/0000004962-25-000002.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000002.txt

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