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American Express Delinquency and Write-Off Rates Analysis

Key Findings

• Total loans for consumers and small businesses reached $1122 billion in Q3 2024, a slight increase from Q2 2024.
• American Express reported a total of $850 billion in consumer card member loans as of June 30, 2024.
• Delinquency and write-off rates for American Express's consumer and small business credit cards have remained relatively stable in recent quarters.

Total Loans

The total amount of loans for consumers and small businesses combined reached $1122 billion in Q3 2024, a slight increase from $1099 billion in Q2 2024.

This increase was driven by growth in both consumer and small business lending. Consumer loans increased from $651 billion to $659 billion, while small business loans increased from $448 billion to $463 billion.

Consumer Card Member Loans

As of June 30, 2024, American Express reported that its total US Consumer card member loans amounted to $850 billion.

This represents a slight increase from the $845 billion reported in Q2 2024.

Delinquency Rates

The delinquency rate for American Express's consumer and small business credit cards has remained relatively stable in recent quarters.

As of Q3 2024, the delinquency rate for consumer cards was 1.4%, while the delinquency rate for small business cards was 2.2%.

Net Write-Off Rates

The net write-off rate for American Express's consumer and small business credit cards has also remained relatively stable in recent quarters.

As of Q3 2024, the net write-off rate for consumer cards was 0.4%, while the net write-off rate for small business cards was 0.6%.

Conclusion

American Express's delinquency and write-off rates have remained relatively stable in recent quarters.

This indicates that the company's credit underwriting standards are sound and that its customers are managing their debt responsibly.