American Express reports June 2025 credit stats; $1.6B Amazon cobrand loans reclassified to held for sale

AMERICAN EXPRESS CO

U.S. Consumer loans $92.6B; 30+ day past due 1.3%; net write-off rate 2.1% (principal only).
U.S. Small Business loans $30.1B; 30+ day past due 1.6%; net write-off rate 2.6% (principal only).
$1.6B of Amazon small business cobrand loans reclassified to held for sale effective June 1, 2025.
Lending Trust annualized default rate stable at 1.3% for June with $25.3B ending balance.
Total Card Member loans held for investment $122.7B, down from $124.0B in May due to reclassification.

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