---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-25-000265"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:16:59.058934+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmEx Nov 2025 credit stats: U.S. Consumer net write-off 2.1%, Small Business 2.7%

## Summary
- Total U.S. Consumer and Small Business card loans held for investment $129.1B as of Nov 30, 2025.
- U.S. Consumer 30+ day delinquency rate unchanged at 1.4%; net write-off rate (principal) 2.1% vs 2.2% in Oct.
- U.S. Small Business 30+ day delinquency rate unchanged at 1.6%; net write-off rate 2.7% vs 2.6% in Oct.
- Lending Trust Nov annualized default rate (net of recoveries) 1.2%; 30+ day delinquent $0.2B.

## SEC filing metadata
- accession: 0000004962-25-000265
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2025-12-15T23:59:59+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/4962/000000496225000265/0000004962-25-000265-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496225000265/axp-20251215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-25-000265
- JSON: https://secwatch.observer/filing/0000004962-25-000265.json
- Plain text: https://secwatch.observer/filing/0000004962-25-000265.txt

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