AXP · 8-K · 20261023PR000405

Credit Loss Provisions

AMERICAN EXPRESS CO · 2026-10-23 · Importance 41 · Surprise 48

Third-quarter consolidated provisions for credit losses were $1.0 billion, compared with $1.3 billion a year earlier. The decrease reflected a reserve release in the quarter versus a reserve build in the prior-year quarter, partially offset by higher net write-offs. The third-quarter net write-off rate was 1.8%, down from 1.9% a year ago.

Key facts

• American Express reported Q3 2026 consolidated provisions for credit losses of $1.0 billion, compared with $1.3 billion a year earlier; the decrease reflected a reserve release versus a prior-year reserve build, partially offset by higher net write-offs. source
• American Express's Q3 2026 net write-off rate was 1.8%, down from 1.9% a year earlier. source