American Express vs Expensify

8-K Financial Filing Analysis for American Express (2026-09-15)

American Express Company disclosed its monthly credit performance metrics for U.S. Consumer and U.S. Small Business card portfolios for the months ended June 30, July 31, and August 31, 2026. As of August 31, 2026, total card balances held for investment stood at $160.3 billion ($114.2 billion consumer and $46.1 billion small business). Delinquency rates remained highly stable across both segments, with 30-day past-due rates at 1.1% for consumer card balances and 1.3% for small business balances. The principal-only net write-off rate held flat month-over-month at 1.7% for consumer cards, while small business net write-offs improved from 2.6% in July to 2.2% in August. Lending Trust annualized default rates net of recoveries reached 1.0% in August on a $25.0 billion securitized principal base.

• Total U.S. Consumer and Small Business card balances held for investment reached $160.3 billion as of August 31, 2026, up from $159.2 billion in July and $159.7 billion in June.
• 30-day delinquency rates remained steady at 1.1% for U.S. Consumer cards and 1.3% for U.S. Small Business cards in August 2026.
• Net write-off rates (principal only) in August 2026 were 1.7% for U.S. Consumer (flat vs. July) and 2.2% for Small Business (improving from 2.6% in July), while the Lending Trust net default rate was 1.0% on $25.0 billion in total principal balance.

Fans Score More: NFL Extra Points American Express® Credit Card Now Available

American Express announces the availability of the NFL Extra Points credit card, a new product launch in the entertainment and experiences category.

OpenAI Gains Ground on Anthropic Among Businesses

Ramp, a corporate credit card and expense management provider, released data showing Anthropic led Ramp’s paying US business users earlier in the year but that OpenAI is narrowing the gap. As of July, Ramp’s dataset covering more than 70,000 American businesses showed Anthropic with nearly 44% share versus OpenAI’s nearly 40%. Ramp economist Ara Kharazian said OpenAI is growing faster in Q3 to date, though Ramp shared only percentage metrics (not dollars) and its sample skews toward tech companies. Ramp’s data also indicates overall enterprise AI adoption among its customers rose from over 50% in March to nearly 56% by July.

• Ramp’s data covers more than 70,000 American businesses that spend via Ramp’s bill pay and corporate card products.
• In May, Anthropic reached 41% market share among Ramp’s paying business users versus OpenAI’s 39%; by July Anthropic had nearly 44% and OpenAI nearly 40%.
• Ramp declined to provide actual dollars spent, sharing only percentage market-share figures.

8-K Financial Filing Analysis for Expensify (2026-08-06)

On August 6, 2026, Expensify, Inc. filed a Form 8-K to furnish its financial results for the fiscal quarter ended June 30, 2026, pursuant to Item 2.02 (Results of Operations and Financial Condition). In parallel, under Item 7.01 (Regulation FD Disclosure), the company made available an updated investor presentation on its investor relations website and furnished both the press release and presentation as Exhibits 99.1 and 99.2, respectively. The filing provides the formal regulatory disclosure framework for the company's quarterly performance updates to public market investors and analysts.

• Expensify furnished its financial results for the fiscal quarter ended June 30, 2026, via press release filed as Exhibit 99.1 under Item 2.02.
• The company updated its corporate investor presentation, furnished as Exhibit 99.2 under Item 7.01 and posted to its IR website on August 6, 2026.