---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000030"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T15:09:59.607996+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# American Express March 2025 card delinquency stable at 1.4% (Consumer) and 1.6% (Small Business); write-offs 2.4%/2.6%

## Summary
- Total US Consumer card loans $90.1B; 30+ days past due 1.4%; net write-off rate (principal only) 2.4% for Q1.
- Total US Small Business card loans $31.2B; 30+ days past due 1.6%; net write-off rate 2.6% for Q1.
- Lowe's small-business cobrand portfolio reclassified to held for sale effective Dec 1, 2024; loans excluded from table.
- Lending Trust annualized default rate 1.5% for March 2025; 30+ days delinquent $0.2B.
- Total card member loans held for investment $121.3B as of March 31, 2025.

## SEC filing metadata
- accession: 0000004962-25-000030
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496225000030/0000004962-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000030/axp-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000030
- JSON: https://secwatch.observer/filing/0000004962-25-000030.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000030.txt

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