American Express card write-offs rose to 2.2% in March from 2.0% in February
American Express disclosed preliminary U.S. Consumer and U.S. Small Business card delinquency and write-off statistics for January through March 2026. The U.S. Consumer net write-off rate rose to 2.2% in March from 2.0% in February, while the 30-day delinquency rate held at 1.4%, so credit losses increased on the consumer side for shareholders to watch.
Key points
- U.S. Consumer net write-off rate (principal only) was 2.2% in March, up from 2.0% in February and 1.9% in January.
- U.S. Consumer 30+ days past due loans were 1.4% of total loans in March, unchanged from February and January.
- U.S. Small Business net write-off rate was 2.9% in March, up from 2.8% in February.
- Total U.S. Consumer and Small Business Card Member loans held for investment were $129.7 billion at March 31, 2026, up from $126.4 billion at February 28, 2026.
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 April 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.