10:29 AM EDT, 10/30/2025 (MT Newswires) -- Mastercard's ( MA ) third-quarter results came in stronger than Wall Street's expectations as cross-border volume surged amid resilient consumer and business spending.

The payment company's adjusted per-share earnings rose to $4.38 for the September quarter from $3.89 a year earlier and surpassed the FactSet-polled consensus of $4.32. Revenue jumped 17% to $8.60 billion, ahead of the Street's estimate of $8.53 billion.

Mastercard ( MA ) continued to see "healthy consumer and business spending in the quarter, with the macroeconomic environment still generally supportive," Chief Executive Michael Miebach said during an earnings call, according to a FactSet transcript.

Cross-border volume increased 15% on a local currency basis amid growth in both travel and non-travel related spending, Chief Financial Officer Sachin Mehra told analysts.

Gross dollar volume, which reflects purchase and cash volume, grew 8.7% in local currency terms to $2.747 trillion. The US saw a 6.7% increase, while the rest of world rose 9.5%.

On Tuesday, rival Visa (V) reported better-than-expected quarterly results amid healthy consumer spending.

For the ongoing quarter, Mastercard ( MA ) expects revenue growth in annual terms to be at the high end of a low double digit range on a currency-neutral basis, excluding acquisitions, according to an investor presentation.

For full-year 2025, the company continues to project revenue growth in the low teens range.

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