American Express U.S. Consumer write-off rate fell to 1.4% in June from 2.0% in May
American Express reported June 2026 credit statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment. Write-off and delinquency rates improved in June, but the company said a sale of previously written-off balances to a third party reduced the June write-off rates.
Key points
- U.S. Consumer net write-off rate (principal only) was 1.4% in June 2026, versus 2.0% in May and 2.1% in April.
- U.S. Small Business net write-off rate was 2.3% in June 2026, versus 2.6% in May and 2.4% in April.
- The June sale reduced the net write-off rates by about 0.3% for U.S. Consumer and 0.1% for U.S. Small Business.
- Total held-for-investment Card balances were $159.7 billion at June 30, 2026, down from $160.5 billion at May 31, 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 July 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.