No trading implications from this routine monthly data. Monitor trends in net write-off rates and delinquency for signs of credit deterioration; current levels remain within historical norms.
Price Chart
Executive Summary
American Express filed its monthly delinquency and write-off statistics for U.S. Consumer and Small Business card balances for April 2026. Total card balances grew to $157.2B (up 5.6% YoY), with stable delinquency rates and slightly higher net write-off rates (Consumer 2.1% vs 1.8% YoY). This is a routine credit quality update with no material surprises.
Key Facts
- Total card balances held for investment: $157.2B as of April 30, 2026
- U.S. Consumer: total balances $111.4B, 30+ days past due 1.2%, net write-off rate 2.1%
- U.S. Small Business: total balances $45.8B, 30+ days past due 1.5%, net write-off rate 2.4%
- Consumer net write-off rate increased from 1.8% (Apr 2025) to 2.1% (Apr 2026)
- Total card balances grew ~5.6% year-over-year
- Lending Trust annualized default rate: 1.3% for April 2026
Financial Impact
No material financial impact; routine credit data disclosure
Risk Factors
- Gradual increase in consumer net write-off rate (2.1% vs 1.8% YoY) could signal emerging credit stress
- Small business net write-off rate remains elevated at 2.4%
- Potential for higher charge-offs if economic conditions weaken
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000004962-26-000249 |
| Document: axp-20260515.htm | 0000004962-26-000249 |
| Document: 0000004962-26-000249-index-headers.html | 0000004962-26-000249 |
| Document: 0000004962-26-000249-index.html | 0000004962-26-000249 |
| Document: 0000004962-26-000249.txt | 0000004962-26-000249 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $324.43 $305.07 | ▼ −5.97% | ▼ −8.09% | $303.04 (−6.59%) |
Sep 14, 2026 18d ago | Court Ruling | $327.78 $313.59 | ▼ −4.33% | ▼ −4.44% | $303.04 (−7.55%) |
Sep 8, 2026 24d ago | Court Ruling | $326.10 $324.43 | ▼ −0.51% | ▲ +0.61% | $303.04 (−7.07%) |
Aug 19, 2026 6w ago | Court Ruling | $339.90 $336.15 | ▲ +1.10% | ▲ +0.72% | $303.04 (+10.85%) |
Aug 17, 2026 6w ago | 8-K | $336.21 $337.33 | ▲ +0.33% | ▲ +1.52% | $303.04 (−9.87%) |
Aug 13, 2026 7w ago | Institutional Cluster | $343.65 $331.15 | ▼ −3.64% | ▼ −1.67% | $303.04 (−11.82%) |
Aug 5, 2026 8w ago | 8-K | $348.99 $344.08 | ▼ −1.41% | ▼ −1.76% | $303.04 (−13.17%) |
Jul 24, 2026 10w ago | 8-K | $326.17 $337.52 | ▲ +3.48% | ▲ +3.11% | $303.04 (−7.09%) |
Jul 15, 2026 11w ago | 8-K | $358.44 $348.74 | ▼ −2.71% | ▼ −1.73% | $303.04 (−15.46%) |
Jul 15, 2026 11w ago | Court Ruling | $358.44 $348.74 | ▼ −2.71% | ▼ −1.73% | $303.04 (−15.46%) |
US Market Status
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