AXP AMERICAN EXPRESS CO
Price Chart
Executive Summary
American Express filed its monthly delinquency and write-off statistics for U.S. Consumer and Small Business card balances for April 2026. Total card balances grew to $157.2B (up 5.6% YoY), with stable delinquency rates and slightly higher net write-off rates (Consumer 2.1% vs 1.8% YoY). This is a routine credit quality update with no material surprises.
Actionable Insight
No trading implications from this routine monthly data. Monitor trends in net write-off rates and delinquency for signs of credit deterioration; current levels remain within historical norms.
Key Facts
- Total card balances held for investment: $157.2B as of April 30, 2026
- U.S. Consumer: total balances $111.4B, 30+ days past due 1.2%, net write-off rate 2.1%
- U.S. Small Business: total balances $45.8B, 30+ days past due 1.5%, net write-off rate 2.4%
- Consumer net write-off rate increased from 1.8% (Apr 2025) to 2.1% (Apr 2026)
- Total card balances grew ~5.6% year-over-year
- Lending Trust annualized default rate: 1.3% for April 2026
Financial Impact
No material financial impact; routine credit data disclosure
Risk Factors
- Gradual increase in consumer net write-off rate (2.1% vs 1.8% YoY) could signal emerging credit stress
- Small business net write-off rate remains elevated at 2.4%
- Potential for higher charge-offs if economic conditions weaken
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000004962-26-000249 |
| Document: axp-20260515.htm | 0000004962-26-000249 |
| Document: 0000004962-26-000249-index-headers.html | 0000004962-26-000249 |
| Document: 0000004962-26-000249-index.html | 0000004962-26-000249 |
| Document: 0000004962-26-000249.txt | 0000004962-26-000249 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
9d ago
|
ANALYST-UPGRADE
| $361.49 $361.42 | ▼ −0.02% | ▲ +0.29% | $312.30 (−13.61%) |
|
May 22, 2026
18d ago
|
ANALYST-UPGRADE
| $311.91 $313.54 | ▲ +0.52% | ▼ −1.15% | $312.30 (+0.13%) |
|
May 22, 2026
19d ago
|
Court Ruling
| $311.91 $313.54 | ▲ +0.52% | ▼ −1.15% | $312.30 (+0.13%) |
|
May 20, 2026
21d ago
|
Court Ruling
| $309.61 $316.37 | ▲ +2.18% | ▲ +0.33% | $312.30 (+0.87%) |
|
May 15, 2026
25d ago
|
8-K
| $313.33 $311.91 | ▼ −0.45% | ▼ −1.42% | $312.30 (−0.33%) |
|
May 8, 2026
4w ago
|
ANALYST-UPGRADE
| $265.31 $270.32 | ▼ −1.89% | ▼ −1.62% | $312.30 (−17.71%) |
|
May 4, 2026
5w ago
|
8-K
| $319.19 $312.34 | ▼ −2.15% | ▼ −5.08% | $312.30 (−2.16%) |
|
May 4, 2026
5w ago
|
8-K
| $319.19 $312.34 | ▼ −2.15% | ▼ −5.08% | $312.30 (−2.16%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $361.49 $361.42 | ▼ −0.02% | ▲ +0.29% | $312.30 (−13.61%) |
|
Apr 23, 2026
6w ago
|
8-K
| $318.38 $315.65 | ▼ −0.86% | ▼ −2.33% | $312.30 (−1.91%) |
US Market Status
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