American Express said total U.S. Consumer Card Member loans held for investment were $95.2 billion as of October 31, 2025, $94.1 billion as of September 30 and $94.6 billion as of August 31.

1. 01

   American Express said total U.S. Consumer Card Member loans held for investment were $95.2 billion as of October 31, 2025, $94.1 billion as of September 30 and $94.6 billion as of August 31.

2. 02

   The company disclosed that the net write-off rate on principal only for U.S. Consumer Card Member loans was 2.2% in October, 1.9% in September and 2.0% in August. Loans 30 or more days past due represented 1.4%, 1.4% and 1.3% of total loans, respectively.

3. 03

   American Express said the percentage of U.S. Small Business Card Member loans 30 or more days past due was 1.6% in October, September and August, and the net write-off rate on principal only was 2.6%, 2.5% and 2.7%, respectively.

4. 04

   The company disclosed that the annualized default rate, net of recoveries, for American Express Credit Account Master Trust was 1.3% in October, 1.3% in September and 1.2% in August. The ending total principal balance as of October was $25.2 billion.

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.

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.