10:36 AM EDT, 07/31/2025 (MT Newswires) -- Mastercard ( MA ) on Thursday reported second-quarter results above Wall Street expectations, reflecting robust consumer spending that helped lift cross-border volume.

The payment company's adjusted per-share earnings rose to $4.15 for the June quarter from $3.59 a year earlier, surpassing the FactSet-polled consensus of $4.03. Revenue surged 17% year on year to $8.13 billion, ahead of the Street's estimate of $7.93 billion.

"We delivered another strong quarter with our financial results exceeding our expectations," Chief Executive Michael Miebach said at an earnings call, according to a FactSet transcript. "Consumer spending remains healthy, supported by low unemployment and wage growth that continues to outpace inflation. This is true across both affluent as well as mass market consumers."

Cross-border volume increased 15% on a yearly basis, reflecting growth in travel and non-travel spending, Chief Financial Officer Sachin Mehra said on the call.

Gross dollar volume, which reflects purchase and cash volume, grew 9% in local currency terms to $2.631 trillion. Europe and Latin America saw double-digit annual gains, while the US posted a 6.3% increase.

On Tuesday, Visa (V) reported a 23% year-on-year increase in EPS and a 14% jump in revenue, both surpassing analysts' projections amid resilient consumer spending.

Mastercard ( MA ) is "tightening" its full-year net revenue outlook to the high end of the range disclosed during the May earnings call given the "strong" first-half results, Mehra said.

"We now expect net revenues to grow at the low teens range on a currency neutral basis, excluding acquisitions," he told analysts.

Price: 576.30, Change: +17.18, Percent Change: +3.07