Summary
This 8-K filing from American Express provides updated delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment as of August 31, 2025, and for the months ended August 31, July 31, and June 30, 2025. The data indicates stable credit performance across both segments, with consistent 30-day past due percentages and only a slight fluctuation in net write-off rates. Investors can interpret these figures as a sign of continued credit resilience within Amex's core loan portfolios. The total outstanding loan balances for these segments have seen a modest increase, suggesting underlying business growth. While the company also provides data on its securitized Lending Trust, it's important for investors to note that these may not perfectly mirror the consolidated loan portfolio performance due to differing calculation methodologies and loan pool characteristics.
Key Highlights
- 1U.S. Consumer loans held for investment saw a slight increase in total balance to $94.6 billion by August 31, 2025.
- 2The 30-day past due rate for U.S. Consumer loans remained stable at 1.3% for all three reported months (June, July, August 2025).
- 3U.S. Small Business loans held for investment also increased to $30.9 billion by August 31, 2025.
- 4The 30-day past due rate for U.S. Small Business loans was consistently 1.6% across the reported periods.
- 5Net write-off rates for U.S. Consumer loans were 2.0% in August and July, and 2.1% in June.
- 6Net write-off rates for U.S. Small Business loans were 2.7% in August and July, and 2.6% in June.
- 7Total U.S. Consumer and Small Business Card Member loans held for investment reached $125.5 billion as of August 31, 2025.