American Express consumer credit card delinquency, charge-off rates hold solid in June

American Express’s (NYSE:AXP) consumer credit card delinquency and net charge-off rates were unchanged in June, as its prime credit customers proved resilient, according to the company’s filing posted on Tuesday.

U.S. consumer card member delinquency rate was 1.3% in June, flat with May’s level, and steady with 1.3% in June 2024. The metric remains slightly lower than the 1.4% level seen in June 2019, before the pandemic disrupted the economy.

U.S. consumer card member net write-off rate of 2.1% also held steady. That compares with 2.3% in June 2024 and 2.5% in June 2019.

Total loans to U.S. consumer card members of $92.6B rose 0.7% M/M and 8.9% Y/Y.

American Express’s (NYSE:AXP) U.S. small business card member delinquency rate ticked up to 1.6% from 1.5% in May, while the net write-off rate rose to 2.6% from 2.4%. Lending to U.S. small businesses slipped to $30.1B at June 30, 2025, from $32.0B at May 31, 2025.

American Express (AXP) stock fell 2.4% in late morning trading on Tuesday. Other credit card lenders, including Synchrony Financial (SYF), Capital One (COF), and Bread Financial (BFH), also fell more than 1% in the session.