American Express (AXP) international gross dollar volume (GDV) for the third quarter (3Q/15) rose 5.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 14.0% YOY.
The 3Q/15 YOY gain is the slowest for AXP international among the past five quarters. One-year ago AXP international was growing GDV by 11.0% YOY FX.
The number of cards-in-force (CIF) for AXP’s international regions increased 4.9% YOY from 56.6 million in 3Q/14 to 59.4 million for 3Q/15.
The YOY GDV FX growth rate for the JAPA region jumped from 11.0% in 3Q/14 to 14.0% for 3Q/15 and compared to 16.0% in the prior quarter.
The YOY GDV FX growth rate for the Latin America and Canada (LACC) region went south from 16.0% in 3Q/14 to -4.0% for 3Q/15 and compared to -4.0% in the prior quarter, notably from Brazil’s beleaguered economy.
The YOY GDV FX growth rate for the Europe, Middle East and Africa (EMEA) region jumped from 7.0% in 3Q/14 to 9.0% for 3Q/15 and compared to 9.0% in the prior quarter.
AXP INTERNATIONAL GROSS DOLLAR VOLUME
3Q/14: $85.1 billion
4Q/14: $86.0 billion
1Q/15: $76.4 billion
2Q/15: $80.4 billion
3Q/15: $78.6 billion
AXP INTERNATIONAL CARDS-IN-FORCE
3Q/14: 56.6 million
4Q/14: 57.3 million
1Q/15: 57.4 million
2Q/15: 58.5 million
3Q/15: 59.4 million
AXP INTERNATIONAL GROSS DOLLAR VOLUME CURRENCY ADJUSTED YEAR-ON-YEAR
AXP JAPA REGION GROSS DOLLAR VOLUME CURRENCY ADJUSTED YEAR-ON-YEAR
AXP LACC REGION GROSS DOLLAR VOLUME CURRENCY ADJUSTED YEAR-ON-YEAR
AXP EMEA REGION GROSS DOLLAR VOLUME CURRENCY ADJUSTED YEAR-ON-YEAR
Source: American Express
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