8-K: American Express Card Delinquency and Write-off Data

American Express Company has released its latest U.S. Consumer and Small Business card balance delinquency and write-off statistics for the months ending February 28, March 31, and April 30, 2026.

Summary

• American Express Company (AXP) has provided updated delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business card balances held for investment.
• The data covers the months ending February 28, March 31, and April 30, 2026.
• Total U.S. Consumer Card balances were $107.4 billion in February, $110.8 billion in March, and $111.4 billion in April 2026.
• 30-day past due rates for U.S. Consumer Card balances were 1.3% in February, 1.3% in March, and 1.2% in April 2026.
• Net write-off rates (principal only) for U.S. Consumer Card balances were 1.9% in February, 2.0% in March, and 2.1% in April 2026.
• Total U.S. Small Business Card balances were $43.9 billion in February, $45.2 billion in March, and $45.8 billion in April 2026.
• 30-day past due rates for U.S. Small Business Card balances were 1.6% in February, 1.6% in March, and 1.5% in April 2026.
• Net write-off rates (principal only) for U.S. Small Business Card balances were 2.5% in February, 2.6% in March, and 2.4% in April 2026.
• Total combined Card balances held for investment for U.S. Consumer and U.S. Small Business were $151.3 billion in February, $156.0 billion in March, and $157.2 billion in April 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it presents factual historical data on credit performance without significant positive or negative deviations from recent trends.

Positives

• U.S. Consumer Card balances 30 days past due decreased slightly from 1.3% in March to 1.2% in April 2026.
• U.S. Small Business Card balances 30 days past due decreased from 1.6% in March to 1.5% in April 2026.
• Total Card balances held for investment increased month-over-month, indicating continued growth in the loan portfolio.

Negatives

• Net write-off rate for U.S. Consumer Card balances increased from 2.0% in March to 2.1% in April 2026.
• Net write-off rate for U.S. Small Business Card balances increased from 2.5% in February to 2.6% in March 2026, before slightly decreasing to 2.4% in April.

Risks

• The net write-off rate for U.S. Consumer Card balances has shown an upward trend from February to April 2026.
• The net write-off rate for U.S. Small Business Card balances experienced a slight increase in March before a marginal decrease in April, indicating potential volatility.
• The filing notes that statistics for the Lending Trust may be better or worse month-to-month due to various factors, suggesting inherent variability in credit performance reporting.

Future Outlook

No specific forward-looking statements or guidance were provided in this filing, which focuses on historical delinquency and write-off data.

Industry Context

StockSavvy.ai notes that the provided credit performance data for American Express is crucial for understanding the health of its loan portfolio, especially in the current economic climate where consumer and small business creditworthiness is under scrutiny. Competitors in the credit card industry are also closely monitored for similar metrics.

Stakeholder Impact

• Shareholders: The data provides insight into the credit quality of American Express's loan portfolio, which directly impacts profitability and risk.
• Creditors: Lenders and bondholders will assess these metrics to gauge the company's credit risk and the security of their investments.
• Investors: The statistics are key indicators for evaluating the company's financial health and operational performance.

Next Steps

• Continue to monitor monthly delinquency and write-off statistics for U.S. Consumer and U.S. Small Business Card balances.
• Refer to American Express's Quarterly Report on Form 10-Q for more comprehensive financial information and analysis.

Key Dates

Keywords

American Express, Credit Card Balances, Delinquency Rates, Write-off Rates, Consumer Credit, Small Business Credit, Financial Statistics, Form 8-K