Source

File: wp-includes/rest-api/endpoints/class-wp-rest-revisions-controller.php

protected function prepare_excerpt_response( $excerpt, $post ) {

		/** This filter is documented in wp-includes/post-template.php */
		$excerpt = apply_filters( 'the_excerpt', $excerpt, $post );

		if ( empty( $excerpt ) ) {
			return '';
		}

		return $excerpt;
	}