12:25 PM EDT, 06/16/2025 (MT Newswires) -- American Express ( AXP ) said Monday the net write-off rate for US consumer card loans rose to 2.1% in May from 2% in April.

The net write-off rate for US small business card loans was flat at 2.4%, the company said in a regulatory filing.

The write-off rates are based on principal only, excluding interest or fees.

Total US-based consumer and small business card loans increased to $124 billion in May from $122.3 billion in April, the company said.

Shares of American Express ( AXP ) were up 2.9% in recent Monday trading.

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