American Express said U.S. Consumer Card Member loans held for investment totaled $93.7 billion as of July 31, 2025, with a net write-off rate on a principal-only basis of 2.0%. As of June 30, total loans were $92.6 billion and the net write-off rate was 2.1%.

1. 01

   American Express said U.S. Consumer Card Member loans held for investment totaled $93.7 billion as of July 31, 2025, with a net write-off rate on a principal-only basis of 2.0%. As of June 30, total loans were $92.6 billion and the net write-off rate was 2.1%.

2. 02

   The company said the ratio of U.S. Small Business Card Member loans 30 days or more past due was 1.5% as of May 31, and 1.6% as of June 30 and July 31 respectively. The net write-off rate on a principal-only basis was 2.4% as of May 31, 2.6% as of June 30 and 2.7% as of July 31.

3. 03

   American Express said total Card Member loans held for investment in the U.S. Consumer and U.S. Small Business segments totaled $124.0 billion as of May 31, $122.7 billion as of June 30 and $124.2 billion as of July 31. Card Member loans classified as held for sale were not reflected in the table.

4. 04

   The company said the annualized default rate, net of recoveries, for the American Express Credit Account Master Trust was 1.1% for July, and 1.3% for June and May respectively. The ending total principal balance for July was $25.4 billion.

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