American Express reports October credit statistics

American Express Company (NYSE: AXP) disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business card member loans for the months ended October 31, September 30, and August 31, 2025.

The company's U.S. Consumer card member loans totaled $95.2 billion as of October 31, 2025, compared to $94.1 billion in September and $94.6 billion in August. The 30 days past due loans represented 1.4% of total loans in October, unchanged from September but up from 1.3% in August.

The net write-off rate for U.S. Consumer loans increased to 2.2% in October from 1.9% in September and 2.0% in August. These rates are calculated based on principal only, excluding interest and fees.

U.S. Small Business card member loans reached $31.2 billion in October, rising from $30.7 billion in September and $30.9 billion in August. The 30 days past due rate remained steady at 1.6% across all three months. The net write-off rate was 2.6% in October, compared to 2.5% in September and 2.7% in August.

Combined U.S. Consumer and U.S. Small Business card member loans held for investment totaled $126.4 billion in October, up from $124.8 billion in September and $125.5 billion in August.

The filing also included data from the American Express Credit Account Master Trust, showing an ending total principal balance of $25.2 billion in October with an annualized default rate of 1.3%. The information was provided in a Form 8-K filing under Regulation FD disclosure requirements.

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