Mastercard boosted its guidance for the year, suggesting to one analyst that Visa’s forecast is “overly conservative.”

Visa and Mastercard are expected to report higher quarterly profits this week on steady consumer spending, and analysts will scrutinize how demand for travel and discretionary purchases is shaping up in the face of tariff uncertainty.

The consumer has long been the engine of U.S. economic growth, with consumer spending or spending on behalf of consumers making up about 70% of the economy. With that, Visa (NYSE:V) and Mastercard's (NYSE:MA) earnings for the quarter ended June 30,