Monthly UpdateJun 15, 2026, 12:06 PM
American Express May 2026 Delinquency Rates Improve for US Cards
AI Summary
American Express Company reported its delinquency and write-off statistics for U.S. Consumer and U.S. Small Business Card balances for the month ended May 31, 2026. The U.S. Consumer 30 days past due rate improved to 1.1% and the net write-off rate remained stable at 2.0%. Similarly, the U.S. Small Business 30 days past due rate improved to 1.4%, with a net write-off rate of 2.6%. The company also provided credit performance data for the American Express Credit Account Master Trust, showing a stable annualized default rate of 1.2% for May 2026.
Key Highlights
- U.S. Consumer Total Card balances reached $113.8 billion as of May 31, 2026.
- U.S. Consumer 30 days past due rate improved to 1.1% in May 2026 from 1.3% in March.
- U.S. Consumer net write-off rate was 2.0% for May 2026, stable from March.
- U.S. Small Business Total Card balances were $46.7 billion as of May 31, 2026.
- U.S. Small Business 30 days past due rate improved to 1.4% in May 2026 from 1.6% in March.
- U.S. Small Business net write-off rate was 2.6% for May 2026, stable from March.
- Total Card balances held for investment (U.S. Consumer and Small Business) were $160.5 billion.
- American Express Credit Account Master Trust annualized default rate was 1.2% for May 2026.
Price Impact
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