U.S. Holiday Retail Sales Rise 3.9% Year-Over-Year, Mastercard SpendingPulse Reports
Video Credit: Mastercard
PURCHASE, N.Y., December 24, 2025 (FINANCE INTERVIEWS) — Financial technology company Mastercard has reported a 3.9% year-over-year increase in U.S. retail sales, excluding automotive, for the period of November 1 through December 21, according to the company’s preliminary Mastercard SpendingPulse data. SpendingPulse measures both in-store and online sales across all payment methods and is not adjusted for inflation.
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According to the company, consumers began holiday shopping early and continued to combine online and in-store purchasing throughout the season.
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“Consumers demonstrated flexibility and confidence this season, shopping early, leveraging promotions, and investing in meaningful experiences and wish-list items. They also blended online and in-store shopping to find the best deals and maximize convenience,” said Michelle Meyer, chief economist of the Mastercard Economics Institute.
According to Mastercard, e-commerce sales increased 7.4% while in-store sales rose 2.9%. Apparel spending grew 7.8%, with online sales up 8.5% and in-store sales up 7.0%. Jewelry sales increased 1.6%. Restaurant spending rose 5.2%, reflecting continued consumer interest in shared dining experiences during the holiday season.
For more information, visit www.mastercard.com.
Source: Mastercard
