The company said it reported total U.S. Consumer Card Member loans of $82.6 billion as of April 30, 2024, $82.3 billion as of March 31, and $80.4 billion as of February 29. The 30 days past due rates were 1.4%, 1.4% and 1.5%, respectively.

1. 01

   The company said it reported total U.S. Consumer Card Member loans of $82.6 billion as of April 30, 2024, $82.3 billion as of March 31, and $80.4 billion as of February 29. The 30 days past due rates were 1.4%, 1.4% and 1.5%, respectively.

2. 02

   American Express said it reported net write-off rates (principal only) for U.S. Consumer Card Member loans of 2.5% in April 2024, 2.3% in March and 2.4% in February. The rates are based on principal only, excluding interest and fees.

3. 03

   The company said it reported total U.S. Small Business Card Member loans of $27.7 billion as of April 30, 2024, $27.6 billion as of March 31, and $26.5 billion as of February 29. Net write-off rates (principal only) were 2.2%, 2.4% and 2.3%, respectively.

4. 04

   The company said the annualized default rate, net of recoveries, for the American Express Credit Account Master Trust was 1.6% for April 2024, 1.4% for March and 1.7% for February. It said the ending total principal balance for April was $25.6 billion.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.