8-KRegulation FD

AMERICAN EXPRESS CO 8-K Report, Regulation FD Disclosure (Jun 15, 2026)

Filed June 15, 2026For Securities:AXP

Summary

American Express Company (AXP) has filed an 8-K report on June 15, 2026, providing an update on delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card portfolios held for investment, covering the months of March, April, and May 2026. The report details key credit performance metrics, including 30-day past due rates and net write-off rates, as well as data for the American Express Credit Account Master Trust. This disclosure is supplementary to the information provided in the company's regular Form 10-D filings and offers investors a near real-time look into the health of American Express's credit operations. Key takeaways from the provided data show relatively stable credit performance across the analyzed months. While there are minor fluctuations, the 30-day delinquency rates for both U.S. Consumer and U.S. Small Business segments remain within a narrow band, and net write-off rates are also showing consistency. The data for the Lending Trust, which represents securitized balances, further reinforces this stable trend. Investors should monitor these metrics for any significant deviations, which could signal shifts in consumer or small business financial health and potential impacts on American Express's loan loss provisions.

Key Highlights

  • 1U.S. Consumer Card balances held for investment stood at $113.8 billion as of May 31, 2026.
  • 2The 30-day past due rate for U.S. Consumer Card balances was 1.1% as of May 31, 2026, showing a slight improvement from previous months.
  • 3U.S. Small Business Card balances held for investment reached $46.7 billion as of May 31, 2026.
  • 4The net write-off rate for U.S. Small Business Card balances was 2.6% as of May 31, 2026, consistent with prior periods.
  • 5Total U.S. Consumer and U.S. Small Business Card balances held for investment amounted to $160.5 billion as of May 31, 2026.
  • 6The American Express Credit Account Master Trust reported an annualized default rate, net of recoveries, of 1.2% for the period ending May 31, 2026, remaining stable.

Frequently Asked Questions

This 8-K filing is a Regulation FD Disclosure report that provides updated delinquency and write-off statistics for American Express's U.S. Consumer and U.S. Small Business Card balances held for investment for the months of March, April, and May 2026. It offers investors more timely insights into the credit quality of the company's loan portfolios.

The data indicates relatively stable credit performance. The 30-day past due rate for U.S. Consumer cards slightly decreased from 1.3% in March to 1.1% in May, while for U.S. Small Business cards, it decreased from 1.6% to 1.4%. Net write-off rates remained consistent, with U.S. Consumer cards at 2.0% and U.S. Small Business cards fluctuating between 2.4% and 2.6%.

The data from the Lending Trust represents securitized Card balances and provides an additional layer of detail on credit performance. Its stable annualized default rate of 1.2% for the period ending May 31, 2026, generally aligns with the overall credit trends observed in the company's direct loan portfolios, suggesting consistent risk management across different funding structures.

No, these statistics are additional information beyond what is reported in the American Express Credit Account Master Trust's monthly Form 10-D. The 8-K provides data for broader U.S. Consumer and U.S. Small Business Card portfolios held for investment, which include both securitized and non-securitized balances, as well as pay-in-full balances, whereas the 10-D may focus on specific securitized pools and calculation methodologies can differ.