American Express Company Furnishes Delinquency and Write-off Statistics
Summary
American Express Company furnished delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card balances for the months ended July 31, June 30, and May 31, 2026, via Item 7.01. For July 2026, the U.S. Consumer net write-off rate was 1.7%, and the U.S. Small Business rate was 2.6%. During June 2026, the Company sold certain previously written-off Card balances to a third party. This sale reduced the June 2026 net write-off rates by approximately 0.3% for U.S. Consumer and 0.1% for U.S. Small Business portfolios.
Why It Matters
Investors should note the furnished delinquency and write-off statistics as they provide insight into the credit performance of the Company's U.S. Card portfolios. The sale of written-off balances in June 2026 materially impacted the reported write-off rates for that month, offering a clearer picture of underlying trends.
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Key Quote
“During June 2026, the Company sold certain previously written-off Card balances to a third party.”
— From Item 7.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000004962
- Filing Date
- Monday, August 17, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- medium
- Sentiment
- neutral