American Express Reports Rising U.S. Consumer and Small Business Loan Write-Off Rates
AXP sits 38% above its 52-week low of $239.27 on light trading volume (0.2× avg).
Summary
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.
Key Events · Legal and Risk Events · AXP
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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.
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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.
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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.
Analysis · AXP · Finance
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.
At the time of this filing, AXP was trading at $330.55 on NYSE in the Finance sector, with a market capitalization of approximately $226.7B. The 52-week trading range was $239.27 to $387.49. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.