American Express posts July consumer write-off rise; total U.S. card balances $159.2B

Category: Markets

Published: 2026-08-17T16:03:17.000Z

American Express reported an increase in July's net write-off rates for U.S. Consumer cards, rising to 1.7% from 1.4% in June, though the June figure benefited from a portfolio sale. Total U.S. card balances remained at $159.2 billion. U.S. Consumer card balances were $113.1 billion with steady 30-day delinquencies, while U.S. Small Business balances were $46.1 billion with a 2.6% net write-off rate.

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