American Express Reports August 2026 Credit Delinquency & Write-Off Statistics

Overview

On September 15, 2026, American Express Company (NYSE: AXP) filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) to report monthly delinquency and write-off metrics for its U.S. Consumer and U.S. Small Business card portfolios for the months ended August 31, July 31, and June 30, 2026.

Key Metrics Summary

1. U.S. Consumer Card Balances Held for Investment

• Total Card Balances: $114.2B (August 2026) vs. $113.1B (July 2026) vs. $113.8B (June 2026)
• 30+ Days Past Due (% of Total): 1.1% (flat across all three months)
• Net Write-Off Rate (Principal Only): 1.7% in August 2026, flat compared to 1.7% in July 2026 and up from 1.4% in June 2026 (June was lowered by ~0.3% due to a sale of charged-off assets)

2. U.S. Small Business Card Balances Held for Investment

• Total Card Balances: $46.1B (August 2026) vs. $46.1B (July 2026) vs. $45.9B (June 2026)
• 30+ Days Past Due (% of Total): 1.3% (August) vs. 1.3% (July) vs. 1.4% (June)
• Net Write-Off Rate (Principal Only): 2.2% in August 2026, improving from 2.6% in July 2026 and compared to 2.3% in June 2026 (June was reduced by ~0.1% due to debt sale proceeds)

3. Total Portfolio Summary

• Combined Card Balances Held for Investment: $160.3B as of August 31, 2026, compared to $159.2B at July 31, 2026, and $159.7B at June 30, 2026.

4. American Express Credit Account Master Trust (Securitized Balances)

• Ending Total Principal Balance: $25.0B in August 2026
• Annualized Default Rate (Net of Recoveries): 1.0% in August 2026 vs. 1.1% in July 2026 and 0.7% in June 2026
• 30+ Days Delinquent: $0.2B across all three reported months

Credit Quality & Market Context

Credit metrics remain steady with stable 30+ day delinquency rates across both consumer and small business portfolios. This is a routine monthly regulatory disclosure providing transparency into credit quality and portfolio performance.