---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000020"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T17:48:12.166960+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmEx Jan U.S. Consumer net write-off rate 2.3%, Small Biz 2.5% — both up from Dec

## Summary
- U.S. Consumer 30+ day delinquency rate flat at 1.4%; net write-off rate rose to 2.3% from 2.1% in Dec.
- U.S. Small Business 30+ day delinquency 1.6% (up 10 bps); net write-off rate 2.5%, up from 2.4% in Dec.
- Total U.S. Consumer+Small Biz loans $119.5B at Jan 31; $758M Lowe's cobrand loans reclassified to held for sale.
- Lending Trust annualized default rate rose to 1.5% for Jan from 1.2% in Dec; total defaulted $0.05B.
- All write-off rates are principal-only; metrics exclude the reclassified Lowe's portfolio.

## SEC filing metadata
- accession: 0000004962-25-000020
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496225000020/0000004962-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000020/axp-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000020
- JSON: https://secwatch.observer/filing/0000004962-25-000020.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000020.txt

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