AmEx Nov 2025 credit stats: U.S. Consumer net write-off 2.1%, Small Business 2.7%

AMERICAN EXPRESS CO

Total U.S. Consumer and Small Business card loans held for investment $129.1B as of Nov 30, 2025.
U.S. Consumer 30+ day delinquency rate unchanged at 1.4%; net write-off rate (principal) 2.1% vs 2.2% in Oct.
U.S. Small Business 30+ day delinquency rate unchanged at 1.6%; net write-off rate 2.7% vs 2.6% in Oct.
Lending Trust Nov annualized default rate (net of recoveries) 1.2%; 30+ day delinquent $0.2B.

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