American Express Reports Stable Credit Quality, Moderate Write-Offs
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The latest announcement is out from American Express ( (AXP) ).
For the three months ended March 31, 2026, American Express reported stable credit quality in its U.S. Consumer and U.S. Small Business card member loans held for investment, with total loans of $129.7 billion and 30‑day delinquency rates steady at 1.4% for consumer and 1.7% for small business portfolios. Net write‑off rates on a principal‑only basis edged up but remained moderate at 2.0% for U.S. consumer loans and 2.8% for U.S. small business loans, suggesting manageable credit risk and a relatively resilient borrower base in early 2026.
Separately, the American Express Credit Account Master Trust, which securitizes a portion of these loans, reported ending principal balances of about $25 billion and annualized default rates net of recoveries ranging from 1.1% to 1.3% for the first three months of 2026. The company noted that differences in portfolio composition, calculation methods and calendar effects can cause variances between trust performance and the broader loan books, underscoring that securitized pool statistics may not fully mirror overall credit trends but continue to indicate historically low levels of stress.
The most recent analyst rating on (AXP) stock is a Buy with a $415.00 price target. To see the full list of analyst forecasts on American Express stock, see the AXP Stock Forecast page.
Spark’s Take on AXP Stock
According to Spark, TipRanks’ AI Analyst, AXP is a Neutral.
AXP scores well on fundamentals and earnings outlook, driven by strong revenue/earnings momentum, high ROE, and upbeat 2026 guidance with stable credit. The overall score is held back mainly by weak technicals (downtrend and negative momentum) and only moderate valuation support given a low dividend yield.
To see Spark’s full report on AXP stock, click here.
More about American Express
American Express is a global payments and financial services company focused on charge and credit card products for consumers and small businesses, along with related lending activities. The company’s U.S. operations are a key driver of its card member loan portfolio and credit performance metrics, which are closely watched indicators of asset quality and risk trends in the card industry.
Average Trading Volume: 3,623,226
Technical Sentiment Signal: Buy
Current Market Cap: $222.1B
See more data about AXP stock on TipRanks’ Stock Analysis page.
