The news: Both Visa and Mastercard reported strong revenue growth in their most recent quarters.

• Visa’s net revenues grew 9% YoY in its fiscal Q2 2025 (ending March 31, 2025).
• Mastercard’s net revenues increased 14% YoY.

Both companies’ performances beat analysts' expectations, per Bloomberg.

• Visa’s adjusted earnings per share (EPS) hit $2.67, compared with the expected $2.68.
• Mastercard’s EPS came in at $3.73, more than the expected $3.58.