Mastercard Inc (NYSE:MA) reported fourth-quarter adjusted profit that topped Wall Street expectations, helped by strong growth in cross-border spending and a sharp increase in revenue from value-added services such as cybersecurity.
The payments processor posted adjusted earnings per share of $4.76 for the quarter ended December 31, compared with analysts’ expectations of about $4.22 to $4.25. Net revenue rose 18% year over year to $8.8 billion, slightly above forecasts.
Growth was driven by a 7% increase in gross dollar volume to $2.8 trillion, a 9% rise in purchase volume and a 14% jump in cross-border volume, reflecting resilient consumer spending and travel demand. Switched transactions increased 10% from a year earlier.
Revenue from value-added services and solutions climbed 26% in the quarter, marking a fourth consecutive quarter of acceleration and accounting for about 44% of total net revenue. Operating expenses rose 10% to $3.9 billion.
CEO Michael Miebach said the results highlighted the company’s resilience. “2025 was another strong year for Mastercard, with net revenue up 16% year over year,” he said, pointing to growth in value-added services and programs such as the Apple Card.
For the full year, Mastercard reported net revenue of $32.8 billion, up 16% from 2024.
Shares of Mastercard were up about 1% in morning trading.