AI English summary of an SEC filing — figures as filed
American Express AXPThe company said it reclassified approximately $1.6 billion in Card Member loans tied to its Amazon small business cobrand portfolio to Card Member loans held for sale on the Consolidated Balance Sheets, effective June 1, 2025.
Key points
AI summaryThe company said it reclassified approximately $1.6 billion in Card Member loans tied to its Amazon small business cobrand portfolio to Card Member loans held for sale on the Consolidated Balance Sheets, effective June 1, 2025.
The company said these reclassified loans will not be reflected in Card Member loans held for investment beginning with the June monthly reporting period.
The company reported that as of May 31, 2025, total U.S. Consumer Card Member loans were $92.0 billion, the 30 days past due rate was 1.3%, and the net write-off rate based on principal was 2.1%. As of March 31, total loans were $90.1 billion, the days past due rate was 1.4%, and the write-off rate was 2.4%.
American Express said that as of May 31, 2025, total U.S. Small Business Card Member loans were $32.0 billion, the 30 days past due rate was 1.5%, and the net write-off rate based on principal was 2.4%. It said Card Member loans held for investment across U.S. Consumer and U.S. Small Business totaled $124.0 billion.
Summary
AI-writtenAnalysis 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.
Amazon Small Business Cobrand Loans Reclassified as Held for Sale
The company said it reclassified approximately $1.6 billion in Card Member loans tied to its Amazon small business cobrand portfolio to Card Member loans held for sale on the Consolidated Balance Sheets, effective June 1, 2025.
Source · Based on the filing body and exhibits
Excluded from Loans Held for Investment Starting June Reporting Period
The company said these reclassified loans will not be reflected in Card Member loans held for investment beginning with the June monthly reporting period.
Source · Based on the filing body and exhibits
U.S. Consumer Loan Delinquency and Write-off Rates
The company reported that as of May 31, 2025, total U.S. Consumer Card Member loans were $92.0 billion, the 30 days past due rate was 1.3%, and the net write-off rate based on principal was 2.1%. As of March 31, total loans were $90.1 billion, the days past due rate was 1.4%, and the write-off rate was 2.4%.
Source · Based on the filing body and exhibits
U.S. Small Business and Combined Held-for-Investment Loans
American Express said that as of May 31, 2025, total U.S. Small Business Card Member loans were $32.0 billion, the 30 days past due rate was 1.5%, and the net write-off rate based on principal was 2.4%. It said Card Member loans held for investment across U.S. Consumer and U.S. Small Business totaled $124.0 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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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