American Express Reports Stable January 2026 Credit Metrics

An announcement from American Express ( (AXP) ) is now available.

American Express reported delinquency and net write-off metrics for its U.S. Consumer and U.S. Small Business card loans for the months ended January 31, 2026, and December 31 and November 30, 2025, showing relatively stable credit performance across the period. As of January 31, 2026, total U.S. consumer card loans stood at $97.2 billion with 30‑day delinquencies at 1.4% and a principal-only net write-off rate of 1.9%, while U.S. small business card loans totaled $31.4 billion with 1.7% of balances 30 days past due and a 2.8% net write-off rate.

Combined U.S. consumer and small business card loans held for investment reached $128.6 billion at January 31, 2026, slightly below December levels, indicating modest fluctuations in loan balances. The company also disclosed January credit statistics for the American Express Credit Account Master Trust, which reported a $25.2 billion ending principal balance, an annualized default rate net of recoveries of 1.1% and $0.2 billion of 30‑plus‑day delinquencies, underscoring generally steady asset quality in its securitized portfolio despite normal month-to-month variability from seasonality and calendar effects.

The most recent analyst rating on (AXP) stock is a Buy with a $406.00 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 Outperform.

The score is led by strong fundamentals and a notably positive earnings outlook (9–10% revenue growth guidance, mid-teens EPS growth, strong credit and capital returns). This is tempered by balance-sheet leverage and weaker recent free-cash-flow momentum, while technical signals are mixed and valuation appears fair rather than discounted.

To see Spark’s full report on AXP stock, click here.

More about American Express

American Express is a global financial services company focused on payment and lending products, including U.S. consumer and small business charge and credit cards. The company generates revenue from card lending, transaction processing and related services, and closely tracks credit performance across its loan portfolios and securitized trusts to manage risk and capital deployment.

Average Trading Volume: 2,839,524

Technical Sentiment Signal: Buy

Current Market Cap: $231.7B

Learn more about AXP stock on TipRanks’ Stock Analysis page.