American Express disclosed that U.S. Consumer Card Member loans held for investment totaled $100.2 billion as of December 31, 2025, $97.2 billion as of January 31, 2026 and $95.1 billion as of February 28, 2026.

1. 01

   American Express disclosed that U.S. Consumer Card Member loans held for investment totaled $100.2 billion as of December 31, 2025, $97.2 billion as of January 31, 2026 and $95.1 billion as of February 28, 2026.

2. 02

   The company disclosed that the ratio of 30 days past due loans in U.S. Consumer was 1.3% in 2025 12, 1.4% in 2026 1 and 1.4% in 2, with net write-off rates on a principal-only basis of 2.1%, 1.9% and 2.0% respectively.

3. 03

   American Express disclosed that U.S. Small Business Card Member loans totaled $31.3 billion as of February 28, 2026, with 30 days past due at 1.7% across all three periods. Net write-off rates on a principal-only basis were 2.8% in 2, 2.8% in 1 and 2.7% in 12.

4. 04

   The company disclosed that the American Express Credit Account Master Trust had an ending total principal balance of $24.4 billion as of February 2026, with an annualized default rate, net of recoveries, of 1.3%. The annualized default rate as of January was 1.1% and as of December 2025 was 1.2%.

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Original filing

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