The company disclosed that U.S. Consumer Card Member loans had total loans of $85.0 billion as of June 30, 2024, and that 30 days past due loans as a percentage of total loans were 1.3%. The figures were marked as preliminary.

8-KRegulation FD DisclosureFiled Jul 15, 2024Period of report Jul 15, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company disclosed that U.S. Consumer Card Member loans had total loans of $85.0 billion as of June 30, 2024, and that 30 days past due loans as a percentage of total loans were 1.3%. The figures were marked as preliminary.
The company said the net write-off rate – principal only for U.S. Consumer Card Member loans was 2.3% in June, 2.4% in May and 2.5% in April, and was 2.4% for the 3 months ended June 30, 2024.
The company said U.S. Small Business Card Member loans had total loans of $28.6 billion as of June 30. It also said the net write-off rate – principal only was 2.4% in June, 2.5% in May and 2.2% in April.
The company said the American Express Credit Account Master Trust had an ending total principal balance of $25.8 billion as of June 2024, and an annualized default rate, net of recoveries, of 1.5%. It also said total 30+ days delinquent for the same month was $0.2 billion.

Summary

AI-written

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.

U.S. Consumer Loan Balances and 30+ Days Past Due Rate

The company disclosed that U.S. Consumer Card Member loans had total loans of $85.0 billion as of June 30, 2024, and that 30 days past due loans as a percentage of total loans were 1.3%. The figures were marked as preliminary.

Source · Based on the filing body and exhibits

U.S. Consumer Net Write-off Rates for June and Q2

The company said the net write-off rate – principal only for U.S. Consumer Card Member loans was 2.3% in June, 2.4% in May and 2.5% in April, and was 2.4% for the 3 months ended June 30, 2024.

Source · Based on the filing body and exhibits

U.S. Small Business Loan Balances and Net Write-off Rates

The company said U.S. Small Business Card Member loans had total loans of $28.6 billion as of June 30. It also said the net write-off rate – principal only was 2.4% in June, 2.5% in May and 2.2% in April.

Source · Based on the filing body and exhibits

Lending Trust Credit Performance for June

The company said the American Express Credit Account Master Trust had an ending total principal balance of $25.8 billion as of June 2024, and an annualized default rate, net of recoveries, of 1.5%. It also said total 30+ days delinquent for the same month was $0.2 billion.

Source · Based on the filing body and exhibits

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

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