American Express (AXP) Exchange Rate Effect (2010 - 2026)
American Express (AXP) recorded Exchange Rate Effect of $30 million in Q3 2026, down 67.0% from $91 million a year earlier.
American Express (AXP) Exchange Rate Effect (2010 - 2026) Analysis & Trends
On a TTM basis, American Express' Exchange Rate Effect came in at $201 million as of Sep 30, 2026, down 17.6% year-over-year; for FY2025, it was $405 million.
- Annual Exchange Rate Effect has a five-year compound annual growth rate of 2.2% (FY2020 to FY2025).
- Across earlier years, Exchange Rate Effect came in at -$40 million in FY2024, $177 million in FY2023, -$13 million in FY2022 and -$120 million in FY2021.
- Quarterly Exchange Rate Effect has ranged from -$502 million in Q4 2022 to $270 million in Q2 2022 over the past five years.
- Peak year-over-year performance for Exchange Rate Effect in the last five years was growth of 657.1% in Q1 2023, against a decline of 73.6% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -$6 million (Q2 2026), $57 million (Q1 2026) and $120 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.97 Bn | 903.97 Bn | - | - |
| 2 | Bank Of America | 356.92 Bn | -2,019.15 Bn | - | -289.00 Mn |
| 3 | Hsbc Holdings | 296.96 Bn | -1,806.64 Bn | - | - |
| 4 | Morgan Stanley | 285.10 Bn | 285.10 Bn | - | - |
| 5 | Royal Bank Of Canada | 284.66 Bn | -545.38 Bn | - | 723.66 Mn |
| 6 | Goldman Sachs | 266.61 Bn | 266.61 Bn | - | - |
| 7 | Wells Fargo & Company | 250.94 Bn | 250.94 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 245.01 Bn | -96.38 Bn | 10.89 Bn | - |
| 9 | Toronto Dominion Bank | 214.22 Bn | -461.66 Bn | - | 134.12 Mn |
| 10 | American Express | 214.16 Bn | 13.64 Bn | - | 30.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.00 Mn |
| Jun 30, 2026 | -6.00 Mn |
| Mar 31, 2026 | 57.00 Mn |
| Dec 31, 2025 | 120.00 Mn |
| Sep 30, 2025 | 91.00 Mn |
| Jun 30, 2025 | 184.00 Mn |
| Mar 31, 2025 | 10.00 Mn |
| Dec 31, 2024 | -41.00 Mn |
| Sep 30, 2024 | 7.00 Mn |
| Jun 30, 2024 | -34.00 Mn |
| Mar 31, 2024 | 28.00 Mn |
| Dec 31, 2023 | 21.00 Mn |
| Sep 30, 2023 | -51.00 Mn |
| Jun 30, 2023 | 101.00 Mn |
| Mar 31, 2023 | 106.00 Mn |
| Dec 31, 2022 | -502.00 Mn |
| Sep 30, 2022 | 205.00 Mn |
| Jun 30, 2022 | 270.00 Mn |
| Mar 31, 2022 | 14.00 Mn |
| Dec 31, 2021 | 61.00 Mn |
American Express Exchange Rate Effect API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=exchange-rate-effect&ticker=AXP&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=exchange-rate-effect&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();