American Express credit card charge-offs drop in April, delinquencies stable

American Express (NYSE:AXP) consumer credit card delinquencies held stable in April, while its net charge-offs improved and its lending activity increased, according to data the company released on Thursday.

Its U.S. consumer card delinquency rate stayed at 1.4%, the same level it has been at for at least three months. That’s also unchanged from its April 2024 level, as well as April 2019, before the pandemic disrupted the economy.

Its net charge-off rate of 2.0% declined from 2.4% in March and 2.5% in April 2024. That also compared favorably with 2.4% in April 2019.

U.S. consumer card total loans outstanding were $90.7B, up 0.7% M/M and 9.8% Y/Y.

American Express’s (NYSE:AXP) U.S. small business card delinquency rate of 1.6% was unchanged from March, and its net charge-off rate of 2.4% ticked down from 2.6% in the prior month.

U.S. small business card loans of $31.6B as of April 30, 2025, climbed from $31.2B at March 31 and from $30.2B at Feb. 28.