Monitor next month's delinquency and write-off data for any reversal of the improving trend; current credit quality supports the stock's current valuation. No immediate trading catalyst from this filing.
Price Chart
Executive Summary
American Express disclosed monthly delinquency and write-off statistics for U.S. Consumer and Small Business card portfolios for May 2026. Trends show improving 30-day delinquency rates (Consumer 1.1% vs 1.3% in March) and stable net write-off rates (Consumer 2.0%, Small Business 2.6%), with total card balances held for investment growing to $160.5B. This is a routine credit quality update with no material surprises.
Key Facts
- U.S. Consumer 30-day delinquency rate improved to 1.1% in May from 1.3% in March
- U.S. Consumer net write-off rate (principal only) stable at 2.0% in May vs 2.0% in March
- U.S. Small Business 30-day delinquency rate improved to 1.4% in May from 1.6% in March
- U.S. Small Business net write-off rate (principal only) stable at 2.6% in May vs 2.6% in March
- Total card balances held for investment grew to $160.5B in May from $156.0B in March
- Lending Trust annualized default rate (net of recoveries) stable at 1.2% in May
Financial Impact
No direct financial impact; credit quality metrics are stable and improving, indicating healthy consumer and small business credit conditions.
Risk Factors
- Consumer credit deterioration if economic conditions weaken
- Rising delinquency or write-off rates in future months could signal credit stress
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000004962-26-000263 |
| Document: 0000004962-26-000263-index-headers.html | 0000004962-26-000263 |
| Document: 0000004962-26-000263-index.html | 0000004962-26-000263 |
| Document: 0000004962-26-000263.txt | 0000004962-26-000263 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access