AmEx reports August credit stats: consumer write-off 1.7%, small business 2.2%; balances flat

AMERICAN EXPRESS CO

U.S. Consumer card balances $114.2B at Aug 31; 30+ days past due 1.1%; net write-off rate 1.7% (unchanged from July).
U.S. Small Business balances $46.1B; 30+ days past due 1.3%; net write-off rate 2.2%, down from 2.6% in July.
June 2026 sale of previously written-off balances cut net write-off rates by ~0.3% (consumer) and ~0.1% (small business) for that month.
Total held-for-investment balances $160.3B at Aug 31, up from $159.2B at July 31; Lending Trust default rate 1.0% in August.

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