CMSPI - State of the Industry Report - 2025

2 PAYMENT METHOD PROFILES: CARD

U.S. Card Interchange and Network Fee Costs (2022-2024) Note: All figures in Tables 2.7-2.11 are stated in billions.

Visa 2024 2023 2022

Interchange

Network

Total

$81.53 $76.66 $69.72

$73.58 $69.47 $62.95

$7.95 $7.19 $6.77

Mastercard

Interchange

Network

Total

$40.79 $37.77 $34.35 Total $12.21 $11.83 $9.88

2024 2023 2022

$36.23 $33.90 $30.79

$4.56 $3.87 $3.56

Single-Message

Interchange

Network

2024 2023 2022

$10.61 $9.83 $8.30

$1.60 $2.00 $1.58

Dual-Message

Interchange

Network

Total

$36.56 $34.08 $34.21

2024 2023 2022 Year 2024 2023 2022

$29.58 $27.82 $27.75

$6.98 $6.26 $6.46

Interchange

Network

Total

$171.09 $160.34 $148.16

$150.00 $141.01 $129.79

$21.09 $19.32 $18.37

Table 2.7

U.S. Processor & Three-Party Card Network Costs (2022-2024) Year Processor Margin Amex Discover

Total

2024 2023 2022

$65.34 $61.98 $57.83

$32.41 $30.47 $28.62

$28.41 $26.98 $24.84

$4.52 $4.53 $4.37

Table 2.8

U.S. Card Fee Costs (Totals)(2022-2024) Total 2024 $236.43 2023 $222.32 2022 $205.99 Table 2.9

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