American Express (AXP) posts April 2026 U.S. card balances, delinquencies and write-offs
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
American Express Company provides an update on credit performance for its U.S. Consumer and U.S. Small Business Card portfolios and related securitized balances. The company now reports Card Member loans and receivables together as combined Card balances, covering both revolve-eligible and pay-in-full amounts.
As of April 30, 2026, U.S. Consumer total Card balances were $111.4 billion with 30 days past due at 1.2% of total and a net write-off rate on principal of 2.1%. U.S. Small Business Card balances were $45.8 billion, with 30 days past due at 1.5% and a net principal write-off rate of 2.4%. Combined U.S. Consumer and Small Business Card balances held for investment totaled $157.2 billion.
The filing also summarizes recent performance of the American Express Credit Account Master Trust, which securitizes certain revolve-eligible balances. For the period April 1–30, 2026, the trust reported an ending total principal balance of $25.0 billion, an annualized default rate net of recoveries of 1.3% and total balances 30+ days delinquent of $0.2 billion.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 7.01 — Regulation FD Disclosure
1 item
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Key Figures
U.S. Consumer total Card balances: $111.4 billion
U.S. Consumer 30+ days past due: 1.2%
U.S. Consumer net write-off rate: 2.1%
+5 more
8 metrics
U.S. Consumer total Card balances
$111.4 billion
As of April 30, 2026
U.S. Consumer 30+ days past due
1.2%
Share of total Card balances, April 30, 2026
U.S. Consumer net write-off rate
2.1%
Principal only, April 2026
U.S. Small Business total Card balances
$45.8 billion
As of April 30, 2026
U.S. Small Business 30+ days past due
1.5%
Share of total Card balances, April 30, 2026
U.S. Small Business net write-off rate
2.4%
Principal only, April 2026
Total U.S. Card balances held for investment
$157.2 billion
U.S. Consumer and Small Business, April 30, 2026
Master Trust annualized default rate
1.3%
Net of recoveries, April 1–30, 2026
Key Terms
Regulation FD Disclosure, Card balances held for investment, Net write-off rate – principal only, American Express Credit Account Master Trust, +2 more
6 terms
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure American Express Company"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Card balances held for investment financial
"Total Card balances held for investment – U.S. Consumer and U.S. Small Business"
Net write-off rate – principal only financial
"Net write-off rate – principal only (a)"
American Express Credit Account Master Trust financial
"The statistics presented above provide information that is additional to the data reported by the American Express Credit Account Master Trust"
Form 10-D regulatory
"reported by the American Express Credit Account Master Trust (the “Lending Trust”) in its monthly Form 10-D report"
securitized financial
"The Card balances that have been securitized through the Lending Trust"
Securitized describes the process where loans or other assets are bundled and turned into tradable financial instruments that investors can buy and sell. Think of it like slicing a loaf of bread into individual pieces you can hand out: securitization can make illiquid assets easier to trade and spread risk among many buyers, but investors must watch the quality of the underlying assets and the structure, since those determine potential returns and losses.
FAQ
What did American Express (AXP) disclose in this 8-K filing?
American Express disclosed monthly credit quality statistics for U.S. Consumer and U.S. Small Business Card balances, plus data for its Credit Account Master Trust. The figures cover delinquency, net write-off rates, and total balances for the three months ended April 30, 2026.
How large were American Express (AXP) U.S. Consumer Card balances as of April 30, 2026?
U.S. Consumer total Card balances were $111.4 billion as of April 30, 2026. These balances include both revolve-eligible and pay-in-full amounts and are reported on a combined basis under the company’s updated Card balance presentation.
What were delinquency rates for American Express (AXP) U.S. Consumer and Small Business Cards?
As of April 30, 2026, U.S. Consumer Card balances 30 days past due were 1.2% of total, while U.S. Small Business Card balances 30 days past due were 1.5%. These percentages reflect balances classified as held for investment.
What net write-off rates did American Express (AXP) report for April 2026?
For April 2026, American Express reported a U.S. Consumer net write-off rate on principal of 2.1% and a U.S. Small Business net write-off rate on principal of 2.4%. These rates exclude interest and fees from the write-off calculation.
How big is American Express’ combined U.S. Card portfolio held for investment?
Total Card balances held for investment for U.S. Consumer and U.S. Small Business were $157.2 billion as of April 30, 2026. This figure aggregates both portfolios on a combined basis under the company’s updated Card balance presentation.
What credit performance did the American Express Credit Account Master Trust show?
For April 1–30, 2026, the American Express Credit Account Master Trust reported an ending total principal balance of $25.0 billion, an annualized default rate net of recoveries of 1.3%, and total 30+ days delinquent balances of $0.2 billion.