American Express January credit: consumer write-offs fell to 1.9%, delinquencies rose
American Express disclosed monthly delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment through January 31, 2026. The U.S. Consumer net write-off rate improved to 1.9% from 2.1% in December, while its 30-day delinquency rate rose to 1.4% from 1.3%, and total held-for-investment loans fell to $128.6 billion from $131.0 billion. These monthly credit metrics give shareholders an early read on card loan quality, though the filing contains no earnings or guidance.
Key points
- U.S. Consumer net write-off rate (principal only) was 1.9% for January 2026, down from 2.1% in December 2025 and November 2025.
- U.S. Consumer 30-day past-due loans were 1.4% of total loans in January, up from 1.3% in December.
- U.S. Small Business net write-off rate was 2.8% in January, up from 2.7% in December; 30-day past-due rate was 1.7%.
- Total Card Member loans held for investment were $128.6 billion at January 31, 2026, versus $131.0 billion at December 31, 2025.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing 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 February 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.