First-Quarter U.S. Card PDV

First-Quarter U.S. Card PDV Rises 8% YOY & Running 10% CAGR

First-quarter U.S. card PDV (purchase dollar volume) for the U.S. market rose 8.1% year-on-year (YOY) for the Major 4 U.S.-based networks. The Major 4 U.S. payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted $1544.5 billion in 1Q/19 U.S. payment card PDV, compared to a revised $1623.1 billion for…

U.S, Credit Card Accounts

First-Quarter Credit Card Accounts + 6% YOY & 3.89% CAGR

First-quarter credit card accounts in the U.S. market posted a strong 6.1% year-on-year (YOY) gain topping 550 million. The growth rate is the highest in more than five years, and comes on the heels of sluggish growth in the prior year. Currently, the U.S. general purpose credit card market is growing at a five-year compound…

First-Quarter Global PDV

First-Quarter Global Purchases Up 9% FX & 12% CAGR

First-quarter global purchases for the Major 4 U.S.-based payment networks payments cards (credit + charge + debit + prepaid) increased 9.4% year-on-year (YOY) on a currency adjusted basis (FX). On a nominal dollars basis (NFX) for the first-quarter (1Q/19), global payment card purchase dollar volume (PDV), rose 4.4% YOY. The Major 4 U.S.-based global networks:…

First-Quarter Global CIF

First-Quarter Global Cards +7% YOY +9% CAGR Major 4 Networks

First-quarter global cards among the Major 4 U.S. payment networks expanded by 369 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 7.0% year-on-year (YOY) in the first-quarter (1Q/19). First-Quarter Global CIF Growth The compound annual growth…

First-Quarter Payment Network Profits

First-Quarter Payment Network Profits Top $7B w/11% CAGR

First-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], rose 11.2% year-on-year (YOY), and now growing at an 11.03% CAGR, based on the past five years. The Major 4 reported a combined first-quarter (1Q/19) (after tax) profit of $7115 million, compared to $6573 million…

Big 6 Credit Card Charge-Offs

First-Quarter Charge-Offs Rise Sharply – Issuers Beef-Up Reserves

First-quarter charge-offs among the Big 6 domestic credit card issuers rose sharply as loan loss reserves are beefed-up across-the-board. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 14 basis points (bps) year-on-year (YOY) for the first-quarter (1Q/19), and up 34 bps sequentially.  The Big 6 (Chase [JPM], Capital One [COF], Bank…

First-Quarter Global GDV

First-Quarter Global Card Volume Up 8% FX & CAGR 10.37%

First-quarter global card volume for the major U.S. based networks is slowing down year-on-year (YOY) by 220 basis points (bps), compared to the prior quarter. Global Payment Card GDV (Gross Dollar Volume) for Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS] payment cards (credit + debit) increased 8.2% globally YOY on a currency…

First-Quarter US Credit Card Volume

First-Quarter US Credit Card Volume Slows 280 bps YOY & 8.8% CAGR

First-quarter U.S. credit card volume, among Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS], dipped a bit to a 7.0% year-on-year (YOY) gain. The Major 4 payment networks posted a 9.8% YOY increase in the first-quarter 2018 (1Q/18), a 9.4% YOY gain in 1Q/17 and an 8.6% jump in 1Q/16. According to figures…

First-Quarter American Express

First-Quarter American Express GCSG Profit Flat – U.S. Robust

First-quarter American Express GCSG (Global Card Services Group) gross revenue posted a solid year-on-year (YOY) gain but after-tax net income gained a mere 60 basis points (bps) in the first quarter (1Q/19), according to figures gathered by CardData. In the U.S. market, American Express (AXP) racked up a double-digit gain in credit/charge card outstandings, a…

First-Quarter Wells Fargo Cards

First-Quarter Wells Fargo Cards Above Par Peer Performance

First-quarter Wells Fargo cards posted solid year-on-year (YOY) gains across-the-board in all portfolio metrics. Purchase dollar volume (PDV) for both Wells Fargo (WFC) credit and debit cards were up 8% YOY and 6% YOY, respectively, for the first quarter (1Q/19). The performance was boosted by its American Express Propel card. WFC U.S. total credit card…

First Quarter Credit Card Profits

First Quarter Profits Top 4 Credit Card Networks & Issuers

First quarter profits for the first quarter (1Q/19) for the four largest networks and the credit card businesses of four largest issuers will likely be all over the map starting tomorrow as Chase releases its first quarter numbers before the opening bell. The first quarter is historically a slow consumer spending period and a time…

Active Credit Card Accounts

Big 6 U.S. Credit Card Sales Accounts Slow Nearly 50% in Q4

U.S. issuer credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 3.1%% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 5.6% YOY in 2017. There were 161.4 million active bank credit card accounts for 4Q/18 in the U.S. among the top six issuers: Citibank [C]; Capital One…