Mastercard Inc (NYSE:MA) outperformed expectations in Q3, lifted by healthy consumer and business spending.
The company reported third-quarter net income of $3.9 billion, or $4.34 per diluted share, while adjusted net income came in at $4 billion, with adjusted EPS of $4.38, surpassing analysts’ expectations.
The payments giant posted net revenue of $8.6 billion, up 17% year-over-year, or 15% on a currency-neutral basis, driven by robust consumer and business spending.
Gross dollar volume rose 9% and purchase volume increased 10% in local currency terms, reflecting strong payment activity globally. Cross-border transaction volume surged 15%.
“Mastercard delivered another strong quarter, with net revenue growth of 17% year-over-year, or 15% on a currency-neutral basis, driven by healthy consumer and business spending and continued robust performance of our differentiated services,” said CEO Michael Miebach.
Miebach highlighted the company’s value-added services, which grew 25% year-over-year, or 22% on a currency-neutral basis, contributing to revenue resilience amid rising costs. Mastercard also launched its Commerce Media network, expanded agentic commerce capabilities, and introduced new cyber threat intelligence solutions for payments.