American Express Dec. consumer card delinquency fell to 1.3%; small business rose
American Express reported preliminary December 2025 credit statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment. Consumer 30-day delinquencies and the consumer net write-off rate improved or held steady, while small business delinquencies rose slightly and the small business write-off rate was flat from November. Total loans held for investment grew to $131.0 billion, which is relevant to shareholders as a measure of card lending and credit quality.
Key points
- U.S. Consumer 30-day delinquencies were 1.3% in December, down from 1.4% in November and October.
- U.S. Consumer net write-off rate (principal only) was 2.1% in December, down from 2.2% in October and flat with November.
- U.S. Small Business 30-day delinquencies were 1.7% in December, up from 1.6% in November and October; its net write-off rate was 2.7%, unchanged from November.
- Total Card Member loans held for investment were $131.0 billion, up from $129.1 billion in November and $126.4 billion in October.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.