MA · Earnings call · 2026Q2T · Full report
Geographic Market Commentary
Mastercard Inc · 2026-07-30 · Importance 42 · Surprise 40 · In source text
U.S. spending growth was broad-based across credit, debit, consumer and commercial customers, with strong trends across both mass-market and affluent cohorts. Asia Pacific, Europe, Middle East and Africa continued to perform well, and the APMEA payment-volume acceleration reflected lapping weaker Middle East markets and higher fuel prices. Europe growth moderated from the 16% purchase-volume growth recorded in the second quarter of 2024 as prior portfolio wins lapped and Mastercard maintained discipline on economically unattractive deals.
Key facts
- Mastercard renewed its partnership with Banamex in Mexico where it has exclusivity for nearly all portfolios representing almost 19 million cards.
- More than 70% of consumer payments in Mexico are cash-based (as stated in the call).
- Mastercard noted Venezuela contributed to strong card-not-present ex travel growth due to increased availability of U.S. dollars and Mastercard's market leadership there, with that spend primarily driven by debit.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Mastercard renewed its partnership with Banamex in Mexico where it has exclusivity for nearly all portfolios representing almost 19… |