American Express Company filed an 8-K on September 15, 2026, under Item 7.01 (Regulation FD Disclosure), furnishing delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment for the months ended August 31, July 31, and June 30, 2026.

Key Highlights

  • Total U.S. Consumer Card balances held for investment were $114.2 billion as of August 31, 2026, compared with $113.1 billion at July 31 and $113.8 billion at June 30.
  • U.S. Consumer net write-off rate (principal only) was 1.7% for both August and July 2026, rising from 1.4% in June 2026.
  • U.S. Small Business net write-off rate (principal only) was 2.2% in August, 2.6% in July, and 2.3% in June 2026.
  • Combined U.S. Consumer and U.S. Small Business Card balances held for investment totaled $160.3 billion at August 31, 2026.
  • June 2026 write-off rates were reduced by approximately 0.3% (U.S. Consumer) and 0.1% (U.S. Small Business) due to a sale of previously written-off Card balances to a third party during that month.
  • American Express Credit Account Master Trust reported an annualized default rate, net of recoveries, of 1.0% for August 2026, with an ending total principal balance of $25.0 billion.

American Express August 2026 Card Portfolio Credit Performance Details

According to the filing, American Express Company furnished monthly credit statistics for its U.S. Consumer and U.S. Small Business Card portfolios under Regulation FD. The company disclosed that U.S. Consumer total Card balances were $114.2 billion as of August 31, 2026, with 30-days-past-due balances representing 1.1% of total balances across all three reported months. The net write-off rate for U.S. Consumer balances, measured on a principal-only basis, held at 1.7% in both August and July before the June figure of 1.4%, which the filing notes was reduced by approximately 0.3% due to proceeds from the sale of previously written-off balances to a third party during June 2026.

For U.S. Small Business, the filing reported total Card balances of $46.1 billion at both August 31 and July 31, 2026, and $45.9 billion at June 30. The 30-days-past-due rate was 1.3% in August and July, and 1.4% in June. The net write-off rate on a principal-only basis was 2.2% in August, 2.6% in July, and 2.3% in June, with the June figure reduced by approximately 0.1% from the same third-party sale of written-off balances noted above.

The filing also included credit performance data for the American Express Credit Account Master Trust (the "Lending Trust"), as reported in its Form 10-D filings. The Lending Trust reported an ending total principal balance of $25.0 billion for August 2026, a defaulted amount of $0.04 billion, an annualized default rate net of recoveries of 1.0%, and total 30-plus-days-delinquent balances of $0.2 billion. The company noted that the Lending Trust statistics reflect only revolve-eligible balances and may differ from the broader U.S. Consumer and U.S. Small Business portfolios, which include both revolve-eligible and pay-in-full balances. The filing was signed by James J. Killerlane III, Corporate Secretary, on September 15, 2026, on behalf of American Express Company (NYSE:AXP).

What Was Disclosed

American Express Company furnished three months of delinquency and write-off rate statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment, along with corresponding American Express Credit Account Master Trust credit performance data, via an 8-K filed September 15, 2026.