Amex Sept US Consumer net write-off rate falls to 1.5%; 30+ day delinquency ticks up to 1.2%

AMERICAN EXPRESS CO

U.S. Consumer Card net write-off rate (principal only) was 1.5% in September vs 1.7% in August and July; 1.6% for the three months ended Sept 30, 2026.
U.S. Consumer Card 30+ days past due rose to 1.2% of total from 1.1% in each of the prior two months; total balances $114.3B.
U.S. Small Business Card net write-off rate improved to 2.1% in September from 2.2% in August and 2.6% in July; 30+ delinquency 1.4% vs 1.3%.
Combined U.S. Consumer and Small Business Card balances held for investment totaled $160.9B at Sept 30, 2026, up from $159.2B at July 31.
American Express Credit Account Master Trust ending principal balance $24.7B in September; annualized default rate net of recoveries 1.0%, down from 1.1% in July.

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