Quarterly UpdatesJul 15, 2026, 12:06 PM

Amex Q2 US Consumer Write-Off Rate 1.4%, Delinquency 1.1%

AI Summary

American Express reported delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card balances for the three months ended June 30, 2026. The U.S. Consumer net write-off rate decreased to 1.4% in June, while the U.S. Small Business rate fell to 2.3%. However, these rates for June and the second quarter were significantly impacted by the sale of certain previously written-off Card balances, which reduced the reported write-off rates.

Key Highlights

U.S. Consumer Card balances totaled $113.8 billion as of June 30, 2026.
U.S. Consumer 30-day past due rate was 1.1% in June 2026, down from 1.2% in April.
U.S. Consumer net write-off rate was 1.4% in June 2026, down from 2.1% in April.
U.S. Small Business Card balances totaled $45.9 billion as of June 30, 2026.
U.S. Small Business 30-day past due rate was 1.4% in June 2026, down from 1.5% in April.
U.S. Small Business net write-off rate was 2.3% in June 2026, down from 2.4% in April.
June 2026 write-off rates were reduced by 0.3% (Consumer) and 0.1% (Small Business) due to asset sale.
Lending Trust annualized default rate was 0.7% in June 2026, also impacted by asset sale.

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AXP

Finance: Consumer Services

AMERICAN EXPRESS CO

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