---
schema_version: "secwatch.filing_event.v1"
accession: "0000004962-26-000102"
form_type: "8-K"
ticker: "AXP"
cik: "0000004962"
company_name: "AMERICAN EXPRESS CO"
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:37:19.311836+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AXP Jan 2026 credit trends: Consumer net write-off improves to 1.9%, Small Biz worsens to 2.8%

## Summary
- U.S. Consumer card loans: total $97.2B, 30+ days past due 1.4%, net write-off rate 1.9% (down from 2.1% in Dec 2025).
- U.S. Small Business card loans: total $31.4B, 30+ days past due 1.7%, net write-off rate 2.8% (up from 2.7% in Dec 2025).
- Combined U.S. Consumer and Small Business loans held for investment: $128.6B, down from $131.0B in Dec 2025.
- Credit Account Master Trust: $25.2B ending principal; annualized default rate 1.1% (down from 1.2% in Dec 2025).
- Default amount in trust remained low at $0.04B for January 2026.

## SEC filing metadata
- accession: 0000004962-26-000102
- form_type: 8-K
- ticker: AXP
- cik: 0000004962
- company_name: AMERICAN EXPRESS CO
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4962/000000496226000102/0000004962-26-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4962/000000496226000102/axp-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004962-26-000102
- JSON: https://secwatch.observer/filing/0000004962-26-000102.json
- Plain text: https://secwatch.observer/filing/0000004962-26-000102.txt

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