Core Insights - Visa and Mastercard reported increased quarterly earnings due to resilient consumer spending and card payments across key markets [1][6] - Visa's fiscal fourth-quarter net revenue rose 12% to $10.7 billion, driven by growth in payments volume, cross-border payments, and processed transactions [1][2] - Mastercard's third-quarter net income reached $3.9 billion on revenue of $8.6 billion, supported by steady consumer and business spending [1][4] Visa Insights - Visa highlighted continued healthy household demand in both discretionary and non-discretionary spending categories, with cross-border activity significantly benefiting travel and e-commerce [2][5] - The growth in processed transactions and volumes was a key factor in the 12% revenue increase for the quarter ending September 30, 2025 [2][3] - Cross-border volume growth was approximately 12%, maintaining positive overall trends despite normalizing comparisons [3] Mastercard Insights - Mastercard's results were bolstered by its core payment network and a 25% increase in net revenue from value-added services, including security and fraud tools [4][6] - Overall third-quarter sales increased 17% year-on-year to $8.6 billion, reflecting ongoing global consumer spending and stable business outlays [4][6] - The shift towards value-added services is helping Mastercard offset cyclical pressures in the market [6] Market Outlook - Analysts noted that card networks are effectively converting stable credit card spending into earnings, despite changing client incentives and mixed regional signals [6][7] - Investors are monitoring household demand, inflation trends, and international travel to assess the sustainability of retail spending and payment volumes through year-end [7]