---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000024"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T17:01:18.741028+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Amex US consumer net write-off rate rises to 2.5% in Feb; small business 2.6%

## Summary
- U.S. Consumer net write-off rate (principal only) increased to 2.5% in Feb from 2.1% in Dec 2024.
- U.S. Small Business net write-off rate rose to 2.6% in Feb from 2.4% in Dec 2024.
- Total Card Member loans for U.S. Consumer and SMB fell to $118.0B in Feb from $122.2B in Dec 2024.
- Lending Trust annualized default rate increased to 1.8% in Feb from 1.2% in Dec 2024.
- Company reclassified $758M of Lowe’s small business cobrand loans to held for sale effective Dec 1, 2024.

## SEC filing metadata
- accession: 0000004962-25-000024
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-03-17T23:59:59+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/4962/000000496225000024/0000004962-25-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000024/axp-20250317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000024
- JSON: https://secwatch.observer/filing/0000004962-25-000024.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000024.txt

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