Key Numbers:
🔹 Adj EPS: $3.82 (Est. $3.70) 🟢
🔹 Revenue: $7.5B (Est. $7.4B) 🟢
🔹 Net Income: $3.34B (Up +20% YoY)
Business Performance:
🔹 Gross Dollar Volume: $2.6T (Up +12% YoY)
🔹 Cross-Border Volume: Up +20% YoY
🔹 Switched Transactions: Up +11% YoY
Segment Performance:
🔹 Payment Network Revenue: Up +13% (Up +15% currency-neutral)
🔹 Value-Added Services Revenue: Up +16% (Up +17% currency-neutral)
Operational Metrics:
🔹 Operating Margin: 52.6% (Up 1.1 ppt YoY)
🔹 Operating Expenses: $3.6B (Up +12% YoY)
🔹 Effective Tax Rate: 14.1% (Down from 16% YoY)
Capital Returns:
🔹 Share Repurchases: 6.5M shares ($3.4B in Q4, $11B in FY24)
🔹 Dividends Paid: $606M in Q4 ($2.4B in FY24)
🔹 Remaining Buyback Authorization: $14.5B
CEO Michael Miebach’s Commentary:
🔸 "Strong Q4 results driven by double-digit revenue growth and strategic expansion in payments and services."
🔸 "Acquisition of Recorded Future enhances our cybersecurity and risk capabilities."
🔸 "We continue to see momentum from new partnerships and expanded wins across digital payments."
