secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN EXPRESS CO (AXP)
CIK:        0000004962
Form:       8-K
Filed at:   2026-10-15T16:00:20+00:00
Accession:  0000004962-26-000383
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Amex Sept US Consumer net write-off rate falls to 1.5%; 30+ day delinquency ticks up to 1.2%
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- U.S. Consumer Card net write-off rate (principal only) was 1.5% in September vs 1.7% in August and July; 1.6% for the three months ended Sept 30, 2026.
- U.S. Consumer Card 30+ days past due rose to 1.2% of total from 1.1% in each of the prior two months; total balances $114.3B.
- U.S. Small Business Card net write-off rate improved to 2.1% in September from 2.2% in August and 2.6% in July; 30+ delinquency 1.4% vs 1.3%.
- Combined U.S. Consumer and Small Business Card balances held for investment totaled $160.9B at Sept 30, 2026, up from $159.2B at July 31.
- American Express Credit Account Master Trust ending principal balance $24.7B in September; annualized default rate net of recoveries 1.0%, down from 1.1% in July.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000383/0000004962-26-000383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4962/000000496226000383/axp-20261015.htm
  HTML page:      https://secwatch.observer/filing/0000004962-26-000383

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