A payments company that issues credit and charge cards to consumers and businesses around the world, known for premium cards and cobrand partnerships. It also processes merchant payments through a global network spanning dozens of countries. Founded in 1850 in Buffalo as an express-delivery firm hauling valuables, it shares founders with Wells Fargo. Company president J.C. Fargo was so frustrated getting cash abroad that he had the Travelers Cheque invented in 1891.
American Express discloses July 2026 card delinquency and write-off statistics.
U.S. Consumer card balances totaled $113.1 billion at July 31, 2026, with 30-day past due at 1.1% and net write-off rate (principal only) at 1.7%.
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American Express furnished U.S. Consumer and U.S. Small Business card delinquency and write-off statistics for months ended July 31, June 30, and May 31, 2026.
U.S. Small Business card balances totaled $46.1 billion at July 31, 2026, with 30-day past due at 1.3% and net write-off rate (principal only) at 2.6%.
In June 2026, American Express sold certain previously written-off card balances to a third party, reducing June net write-off rates by about 0.3% for U.S. Consumer and 0.1% for U.S. Small Business.
The report also includes credit performance data for the American Express Credit Account Master Trust, including an annualized default rate of 1.1% for July 2026.
The information was furnished under Item 7.01 Regulation FD Disclosure, not filed, and supplements data in the Lending Trust's Form 10-D reports.
American Express issues 1.6M Series E depositary shares and plans Series D redemption
On August 12, 2026, American Express issued 1,600 Series E Preferred Shares, represented by 1,600,000 Depositary Shares, each representing a 1/1,000th interest.
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The Series E Preferred Shares have a liquidation preference of $1,000,000 per share and a 6.450% fixed rate reset noncumulative dividend.
The company filed a Certificate of Amendment on August 11, 2026, to establish the terms of the Series E Preferred Shares.
American Express plans to redeem all Series D Depositary Shares and Series D Preferred Shares on September 15, 2026, at $1,000 per depositary share plus any declared and unpaid dividends.
The sale of the Depositary Shares closed on August 12, 2026, under an underwriting agreement dated August 5, 2026.
3.03 Material Modification to Rights of Security Holders · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 8.01 Other Events · 9.01 Financial Statements and Exhibits
American Express launches proposed public offering of depositary shares for new preferred stock
The company intends to use net proceeds for general corporate purposes, including partially or fully redeeming its outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D.
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On August 5, 2026, American Express Company announced a proposed public offering of depositary shares, each representing a 1/1,000th interest in a new series of Fixed Rate Reset Noncumulative Preferred Shares, Series E.
The offering is subject to market conditions; there is no assurance it will price or close, or that any redemption of Series D preferred shares will occur.
A preliminary prospectus supplement dated August 5, 2026 was filed with the SEC.
The report is filed under Item 8.01 as an other-events disclosure and does not constitute an offer to sell or a notice of redemption.
American Express discloses June 2026 card delinquency and write-off statistics
U.S. Consumer Card balances totaled $113.8 billion as of June 30, 2026, with 30 days past due at 1.1% and a net write-off rate (principal only) of 1.4% for the month.
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American Express furnished preliminary delinquency and write-off statistics for U.S. Consumer and U.S. Small Business Card balances for months ended June 30, May 31, and April 30, 2026, and the three months ended June 30, 2026.
U.S. Small Business Card balances totaled $45.9 billion as of June 30, 2026, with 30 days past due at 1.4% and a net write-off rate (principal only) of 2.3% for the month.
During June 2026, the company sold certain previously written-off Card balances to a third party, reducing the June net write-off rates by approximately 0.3% for U.S. Consumer and 0.1% for U.S. Small Business portfolios.
The report also includes credit performance data for the American Express Credit Account Master Trust, with an annualized default rate net of recoveries of 0.7% for June 2026.
American Express issues €750M 3.835% Fixed-to-Floating Rate Notes due 2034
The Notes were issued under a Prospectus Supplement dated June 10, 2026, to the Prospectus dated February 9, 2024, filed as part of the Company's Registration Statement on Form S-3 (No. 333-276975).
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On June 17, 2026, American Express Company issued €750,000,000 aggregate principal amount of 3.835% Fixed-to-Floating Rate Notes due June 16, 2034.
The Notes were issued under a senior indenture dated August 1, 2007, between the Company and The Bank of New York Mellon, as trustee, as supplemented by the first and second supplemental indentures.
The filing includes the opinion and consent of Cleary Gottlieb Steen & Hamilton LLP as Exhibit 5, with the consent of counsel included in that exhibit.
The report was filed under Item 8.01 (Other Events) to disclose the debt issuance and related exhibits.
8.01 Other Events · 9.01 Financial Statements and Exhibits
American Express discloses May 2026 card delinquency and write-off statistics.
U.S. Consumer Card balances totaled $113.8 billion as of May 31, 2026, with 1.1% 30+ days past due and a 2.0% net write-off rate (principal only).
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U.S. Small Business Card balances totaled $46.7 billion as of May 31, 2026, with 1.4% 30+ days past due and a 2.6% net write-off rate (principal only).
Combined U.S. Consumer and Small Business Card balances held for investment were $160.5 billion as of May 31, 2026.
The American Express Credit Account Master Trust reported an ending principal balance of $25.4 billion and an annualized default rate of 1.2% for May 2026.
The statistics were furnished under Regulation FD and supplement the Lending Trust's monthly Form 10-D data.