Visa Inc. reported fiscal third-quarter revenue of $10.2 billion, topping the $9.87 billion consensus, while adjusted earnings rose to $2.98 a share, beating estimates by $0.13. GAAP net income reached $5.3 billion. Payments volume increased 8 percent year-on-year and cross-border volume climbed 12 percent in constant currency, buoyed by resilient travel spending. The network processed 65.4 billion transactions, roughly in line with expectations, and reiterated its forecast for low-double-digit net-revenue growth for fiscal 2025. Chief Executive Officer Ryan McInerney highlighted robust consumer spending and ongoing investments in artificial intelligence and stablecoins. Mastercard Inc. followed with second-quarter net revenue of $8.13 billion, above the $7.94 billion consensus, and adjusted earnings of $4.15 a share, outpacing forecasts by $0.13. Gross dollar volume rose 11 percent to $2.7 trillion and cross-border volume jumped 18 percent, underscoring strong demand for travel and leisure. The company raised full-year guidance, saying it now expects net-revenue growth at the high end of the mid-teens range and kept its outlook for operating-expense growth at the low end of low-double-digits. The back-to-back beats from the world’s two largest card networks suggest consumer spending has remained resilient despite higher interest rates and elevated prices tied to U.S. tariffs. Both firms are leaning on cross-border transactions and expanding into areas such as data analytics, fraud prevention and digital-currency services to maintain momentum as competition within the payments ecosystem intensifies.