---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000068"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T07:13:43.101807+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# American Express reports May 2025 credit metrics; reclassifies $1.6B Amazon cobrand loans to held for sale

## Summary
- Total U.S. Consumer & Small Business loans held for investment $124.0B at May 31, up from $122.3B in April.
- U.S. Consumer net write-off rate (principal) 2.1% in May vs 2.0% in April; 30+ days past due 1.3% (down from 1.4%).
- U.S. Small Business net write-off rate 2.4% (unchanged); 30+ days past due 1.5% (down from 1.6%).
- Reclassified ~$1.6B in Amazon small business cobrand loans to held for sale effective June 1, 2025.
- Lending Trust annualized default rate 1.3% in May (flat vs April, down from 1.5% in March).

## SEC filing metadata
- accession: 0000004962-25-000068
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-06-16T23:59:59+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/4962/000000496225000068/0000004962-25-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000068/axp-20250616.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000068
- JSON: https://secwatch.observer/filing/0000004962-25-000068.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000068.txt

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