secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0000004962-26-000102
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000102/0000004962-26-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000102/axp-20260217.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000102

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer