American Express Discloses Card Balances Delinquency and Write-off Rates

Details

Consumer and U.S. Small Business Card balances held for investment for the months ended July 31, June 30, and May 31, 2026. The 30 days past due rate for U.S. Consumer Card balances was 1.1% for all three months, while the net write-off rate was 1.7% in July, 1.4% in June, and 2.0% in May. For U.S. Small Business Card balances, the 30 days past due rate was 1.3% in July, 1.4% in June, and 1.4% in May, with net write-off rates of 2.6% in July and May, and 2.3% in June. Additionally, the Company sold certain previously written-off Card balances to a third party in June 2026, which reduced the net write-off rates by approximately 0.3% and 0.1% for the U.S. Consumer and U.S. Small Business portfolios, respectively.

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About American Express Co.

American Express Co. is a leading global financial services company, primarily known for its charge cards, credit cards, and travel-related services. Founded in 1850 and headquartered in New York City, American Express is recognized for its premium customer service and luxury lifestyle benefits, distinguishing it within the highly competitive financial services industry. Its products are used by individual consumers, small businesses, and large corporations, showing a robust presence in various sectors. The company's core operations encompass a broad range of payment solutions, offering rewarding loyalty programs such as Membership Rewards, which enhance customer engagement and satisfaction. American Express also provides products related to expense management and international payment processing, essential for businesses and travelers worldwide. Their unique charge card model, which requires payment in full each month, promotes financial discipline among cardholders. American Express plays a significant role in the financial market, not only by facilitating consumer and business transactions but also by supporting economic activities and travel industries. Its stock performance is closely watched by investors for insights into consumer spending trends, making it a vital entity in global financial dynamics.