This is a routine monthly credit update with no material new information. The modest improvement in write-off rates is partly mechanical due to the sale of charged-off accounts. Monitor upcoming Q2 2026 earnings for deeper credit trends and provision details.
Price Chart
Executive Summary
American Express filed its monthly delinquency and write-off statistics for U.S. Consumer and U.S. Small Business card portfolios as of June 30, 2026. Net write-off rates improved month-over-month (Consumer 1.4% vs 2.0% in May; Small Business 2.3% vs 2.6% in May), partly due to a sale of previously written-off balances. Delinquency rates remained stable. This is a routine credit quality update with no material surprises.
Key Facts
- U.S. Consumer total card balances $113.8B as of June 30, 2026
- U.S. Consumer 30 days past due rate: 1.1% (flat vs May, down from 1.2% in April)
- U.S. Consumer net write-off rate (principal only): 1.4% in June, down from 2.0% in May and 2.1% in April
- U.S. Small Business total card balances $45.9B as of June 30, 2026
- U.S. Small Business 30 days past due rate: 1.4% (stable)
- U.S. Small Business net write-off rate (principal only): 2.3% in June, down from 2.6% in May and 2.4% in April
- June write-off rates were reduced by approximately 0.3% (Consumer) and 0.1% (Small Business) due to sale of previously written-off balances
- Lending Trust annualized default rate: 0.7% in June, down from 1.2% in May and 1.3% in April
- Total card balances held for investment: $159.7B as of June 30, 2026
Financial Impact
No financial impact – routine monthly credit data disclosure
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (AXP) — Batch item 1 | 0000004962-26-000302 |
| Document: 0000004962-26-000302-index-headers.html | 0000004962-26-000302 |
| Document: 0000004962-26-000302-index.html | 0000004962-26-000302 |
| Document: 0000004962-26-000302.txt | 0000004962-26-000302 |
| 8-K Filing (AXP) — Batch item 5 | 0000004962-26-000302 |
| Document: 0000004962-26-000302-index-headers.html | 0000004962-26-000302 |
| Document: 0000004962-26-000302-index.html | 0000004962-26-000302 |
| Document: 0000004962-26-000302.txt | 0000004962-26-000302 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $324.43 $305.07 | ▼ −5.97% | ▼ −8.09% | $300.84 (−7.27%) |
Sep 14, 2026 18d ago | Court Ruling | $327.78 $313.59 | ▼ −4.33% | ▼ −4.44% | $300.84 (−8.22%) |
Sep 8, 2026 24d ago | Court Ruling | $326.10 $324.43 | ▼ −0.51% | ▲ +0.61% | $300.84 (−7.75%) |
Aug 19, 2026 6w ago | Court Ruling | $339.90 $336.15 | ▲ +1.10% | ▲ +0.72% | $300.84 (+11.49%) |
Aug 17, 2026 6w ago | 8-K | $336.21 $337.33 | ▲ +0.33% | ▲ +1.52% | $300.84 (−10.52%) |
Aug 13, 2026 7w ago | Institutional Cluster | $343.65 $331.15 | ▼ −3.64% | ▼ −1.67% | $300.84 (−12.46%) |
Aug 5, 2026 8w ago | 8-K | $348.99 $344.08 | ▼ −1.41% | ▼ −1.76% | $300.84 (−13.80%) |
Jul 24, 2026 10w ago | 8-K | $326.17 $337.52 | ▲ +3.48% | ▲ +3.11% | $300.84 (−7.77%) |
Jul 15, 2026 11w ago | 8-K | $358.44 $348.74 | ▼ −2.71% | ▼ −1.73% | $300.84 (−16.07%) |
Jul 15, 2026 11w ago | Court Ruling | $358.44 $348.74 | ▼ −2.71% | ▼ −1.73% | $300.84 (−16.07%) |
US Market Status
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