American Express Reports Delinquency and Write-Off Statistics

American Express ( (AXP) ) has shared an update.

American Express reported delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for the months ending February 28, January 31, 2025, and December 31, 2024. The company reclassified $758 million of loans related to its Lowe’s small business cobrand portfolio as loans held for sale, which are not included in the reported statistics. The data shows a consistent delinquency rate of 1.4% for consumer loans and a slight increase in the net write-off rate over the three months. For small business loans, the delinquency rate remained stable at 1.6%, with a gradual increase in the net write-off rate. These statistics provide additional insights beyond the data reported by the American Express Credit Account Master Trust, highlighting differences in credit performance due to factors like loan mix and calculation methods.

More about American Express

American Express Company operates in the financial services industry, primarily offering credit card products and services to consumers and small businesses. The company focuses on providing payment, travel, and expense management solutions to its card members.

YTD Price Performance: -10.29%

Average Trading Volume: 2,759,480

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $186.6B

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