𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐚𝐫𝐝: 𝐐𝟑 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐚𝐧𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐁𝐞𝐚𝐭 𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐬, 𝐕𝐚𝐥𝐮𝐞-𝐀𝐝𝐝𝐞𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐆𝐫𝐨

$MA (+0.09%)

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adj. EPS: $5.31 (Est. $5.17) ✅, +21% YoY.

• Revenue: $9.8B (Est. $9.66B) ✅, +14% YoY.

• GAAP EPS: $5.28, +22% YoY.

• Net Income: $4.6B, +18% YoY.

• Operating Income: $5.9B, +16% YoY.

• Adj. Operating Margin: 60.5%, +70 bps YoY.

• Adj. Net Income: $4.7B, +17% YoY.

⠀

📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Q3 Adj. EPS beat consensus by ~2.7%, while revenue exceeded estimates by ~1.4%.

• Value-added services revenue increased 19% YoY, outpacing payment network revenue growth of 11%.

• Cross-border payment volume grew 11% YoY.

• Gross dollar volume increased 7% to $3.0T.

• Switched transactions rose 9% YoY.

• Payment network rebates and incentives increased 18% YoY.

• Mastercard and Maestro cards in circulation reached 3.8B.

• Repurchased $3.0B in shares and paid $763M in dividends during Q3.

• YTD adjusted EPS increased 22% to $14.94, with revenue up 15% to $27.5B.

• Expanded its payments strategy through Agentic Commerce initiatives and its Global Money Platform via BVNK.

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“We’re not waiting for the future of commerce. We’re building it.”