The Good Investors·2025-10-31 02:08Core Insights - Consumer spending remains strong globally, with Mastercard and Visa reporting positive growth metrics in their recent earnings calls for Q3 2025 [1][3][7] Mastercard Insights - Management indicates that consumer and business spending is healthy, supported by steady inflation, a balanced labor market, wage growth, and rising financial markets, despite some macroeconomic uncertainties [3][4] - Worldwide gross dollar volume (GDV) increased by 9% year-on-year in constant currency; cross-border volume rose by 15%, driven by both travel and non-travel spending [4][5] - In Q3 2025, Mastercard's card growth was 6%, with 3.6 billion cards in circulation; domestic assessments were up 6%, while cross-border assessments increased by 16% [4][5][6] Visa Insights - U.S. payments volume grew by 8% in Q3 2025, with e-commerce outpacing physical spending; both credit and debit volumes were up 8%, indicating resilient consumer behavior [7][8] - Visa's cross-border volume growth was strong at 11% year-on-year in Q3 2025, with e-commerce up 13% and travel improving to 10% [8] - Payments volume on Visa's network continued to grow in October 2025, with U.S. payments volume up 7% and cross-border volume up over 12% [9]