American Express credit card delinquencies tick down in May

June 16, 2025 09:30 AM PDT | By EODHD

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American Express credit card delinquencies tick down in May — Image source: Kalkine Media

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[American Express Card] serts/iStock Unreleased via Getty Images American Express's (NYSE:AXP [https://seekingalpha.com/symbol/AXP]) credit card delinquencies ticked down and net charge-offs ticked up in May, but still indicates strong credit metrics, according to data the company released on Monday. Its U.S. consumer card member delinquency [https://seekingalpha.com/filing/10100717] rate fell to 1.3% in May from 1.4% in April, and compares with 1.3% May 2024. The level is also stable from six years ago, when its delinquency rate was 1.4%, before the pandemic disrupted the U.S. economy.

The net charge-off rate for U.S.consumer card members edged up to 2.1% from 2.0% in April and remained below May 2024's 2.4% level. In May 2019, the rate was 2.5%. American Express's (NYSE:AXP [https://seekingalpha.com/symbol/AXP]) U.S. consumer credit card loans increased during the month, with loans standing at $92.0B, up 1.4% M/M and 9.5% Y/Y. The U.S.

small business card member delinquency rate edged down to 1.5% from 1.6% in April, and the net charge-off rate stayed unchanged at 2.4%. U.S. small business card member loans outstanding were $32.0B at May 31, 2025, up from $31.6B at April 30, 2025. American Express (AXP [https://seekingalpha.com/symbol/AXP]) stock gained 2.9% in midday trading. Earlier on Monday, the company announced its 'largest ever' investment in a card refresh [https://seekingalpha.com/news/4458338-american-express-makes-largest-ever-investment-in-a-card-refresh] MORE ON AMERICAN EXPRESS * American Express Company (AXP) Presents at Morgan Stanley US Financials Conference Transcript [https://seekingalpha.com/article/4794146-american-express-company-axp-presents-at-morgan-stanley-us-financials-conference-transcript] * American Express Company at Morgan Stanley US Financials Conference Presentation [https://seekingalpha.com/article/4794145-american-express-company-at-morgan-stanley-us-financials-conference-presentation] * American Express Company (AXP) Bernstein 41st Annual Strategic Decisions Conference (Transcript) [https://seekingalpha.com/article/4791029-american-express-company-axp-bernstein-41st-annual-strategic-decisions-conference-transcript] * American Express makes 'largest ever' investment in a card refresh [https://seekingalpha.com/news/4458338-american-express-makes-largest-ever-investment-in-a-card-refresh] * Coinbase unveils its first credit card in partnership with American Express [https://seekingalpha.com/news/4457746-coinbase-unveils-its-first-credit-card-in-partnersip-with-american-express]

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