American Express said that as of March 31, 2025, its U.S. Consumer Card Member loans totaled $90.1 billion, and the rate of loans 30 or more days past due was 1.4%. For the 3 months ended March 31, the net write-off rate based on principal was 2.4%.

1. 01

   American Express said that as of March 31, 2025, its U.S. Consumer Card Member loans totaled $90.1 billion, and the rate of loans 30 or more days past due was 1.4%. For the 3 months ended March 31, the net write-off rate based on principal was 2.4%.

2. 02

   The company said that as of March 31, 2025, its U.S. Small Business Card Member loans totaled $31.2 billion, and the rate of loans 30 or more days past due was 1.6%. For the 3 months ended March 31, the net write-off rate based on principal was 2.6%.

3. 03

   American Express said it reclassified the Card Member loans related to its Lowe's small business cobrand portfolio as held for sale effective December 1, 2024, and that those loans are not reflected in the table. Total U.S. Consumer and U.S. Small Business Card Member loans were $121.3 billion as of March 31, 2025.

4. 04

   The company disclosed that the Lending Trust's ending total principal balance for March 2025 was $25.3 billion and its annualized default rate, net of recoveries, was 1.5%. The same rate was 1.8% for February and 1.5% for January.

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Original filing

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