AI English summary of an SEC filing — figures as filed
American Express AXPThe company said it reclassified $1.6 billion of Card Member loans related to its Amazon small business cobrand portfolio as Card Member loans held for sale effective June 1, 2025, and that these loans are not reflected in the table for June 2025.
Key points
AI summaryThe company said it reclassified $1.6 billion of Card Member loans related to its Amazon small business cobrand portfolio as Card Member loans held for sale effective June 1, 2025, and that these loans are not reflected in the table for June 2025.
American Express said total loans for U.S. Consumer Card Member loans were $92.6 billion as of June 30, 2025, the 30 days past due rate was 1.3%, and the net write-off rate based on principal only was 2.1% (preliminary).
The company said total loans for U.S. Small Business Card Member loans were $30.1 billion as of June 30, 2025, the 30 days past due rate was 1.6%, and the net write-off rate based on principal only was 2.6% (preliminary).
The company said the American Express Credit Account Master Trust reported an ending total principal balance of $25.3 billion for the period from June 1, 2025 through June 30, and an annualized default rate, net of recoveries, of 1.3%.
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 of $1.6 billion Reclassified as Held for Sale
The company said it reclassified $1.6 billion of Card Member loans related to its Amazon small business cobrand portfolio as Card Member loans held for sale effective June 1, 2025, and that these loans are not reflected in the table for June 2025.
Source · Based on the filing body and exhibits
U.S. Consumer Card Member Loan Balances, Delinquencies and Write-offs
American Express said total loans for U.S. Consumer Card Member loans were $92.6 billion as of June 30, 2025, the 30 days past due rate was 1.3%, and the net write-off rate based on principal only was 2.1% (preliminary).
Source · Based on the filing body and exhibits
U.S. Small Business Card Member Loan Balances, Delinquencies and Write-offs
The company said total loans for U.S. Small Business Card Member loans were $30.1 billion as of June 30, 2025, the 30 days past due rate was 1.6%, and the net write-off rate based on principal only was 2.6% (preliminary).
Source · Based on the filing body and exhibits
Lending Trust Credit Performance Metrics for June
The company said the American Express Credit Account Master Trust reported an ending total principal balance of $25.3 billion for the period from June 1, 2025 through June 30, and an annualized default rate, net of recoveries, of 1.3%.
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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