American Express Company has released delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment for the months ended December 31, November 30, and October 31, 2025, as well as for the three months ended December 31, 2025. For U.S. Small Business Card Member loans, total loans stood at $30.8 billion as of December 31, 2025, compared to $31.4 billion at the end of November and $31.2 billion at the end of October. The percentage of loans 30 days past due was 1.7% in December, up from 1.6% in November and October. The net write-off rate based on principal only was 2.7% in December and November, and 2.6% in October. Total Card Member loans held for investment, combining U.S. Consumer and U.S. Small Business, were $131.0 billion at the end of December 2025, up from $129.1 billion in November and $126.4 billion in October. The American Express Credit Account Master Trust reported an ending total principal balance of $26.4 billion for December, $25.7 billion for November, and $25.2 billion for October. The annualized default rate, net of recoveries, was 1.2% in both December and November, and 1.3% in October. Total loans 30 or more days delinquent were $0.2 billion for each of the three months.

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