American Express Reports Rising U.S. Consumer and Small Business Loan Write-Off Rates

summarizeSummary

American Express disclosed an increasing trend in net write-off rates for its U.S. Consumer and Small Business loan portfolios for the quarter ended March 2026.

check_boxKey Events

• Consumer Loan Write-Offs Increase

  Net write-off rate for U.S. Consumer Card Member loans rose to 2.2% in March 2026, up from 1.9% in January 2026.

• Small Business Loan Write-Offs Edge Higher

  Net write-off rate for U.S. Small Business Card Member loans increased to 2.9% in March 2026, from 2.8% in January 2026.

• Delinquency Rates Stable

  30 days past due loan percentages remained stable at 1.4% for U.S. Consumer and 1.7% for U.S. Small Business loans.

auto_awesomeAnalysis

This 8-K provides updated credit quality statistics, revealing a slight but consistent increase in net write-off rates for both U.S. Consumer and U.S. Small Business Card Member loans through March 2026. While the overall delinquency rates remained stable, the upward trend in write-offs indicates a potential deterioration in loan portfolio performance, which could impact future profitability for the financial services giant. Investors should monitor upcoming earnings reports for further commentary on credit quality trends and their potential impact on financial guidance.