---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000157"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-08-15T23:59:59+00:00"
generated_at: "2026-05-17T12:37:59.495258+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 July U.S. card loan credit metrics: mixed write-off trends

## Summary
- U.S. Consumer net write-off rate 2.0% in July, down from 2.1% in June; 30+ days past due unchanged at 1.3%.
- U.S. Small Business net write-off rate rose to 2.7% in July from 2.6% in June and 2.4% in May; 30+ days past due steady at 1.6%.
- Total U.S. card loans held for investment $124.2B in July, up from $122.7B in June.
- Lending Trust annualized default rate fell to 1.1% in July from 1.3% in June; total 30+ days delinquent $0.2B.

## SEC filing metadata
- accession: 0000004962-25-000157
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-08-15T23:59:59+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/4962/000000496225000157/0000004962-25-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000157/axp-20250815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000157
- JSON: https://secwatch.observer/filing/0000004962-25-000157.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000157.txt

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