Mastercard Inc. reported a strong financial performance for the third quarter, posting a 17% year-on-year rise in net revenue to $8.6 billion, supported by resilient consumer spending and continued demand for its payments and services offerings. The payments major also recorded a 20% increase in net income, which came in at $3.97 billion for the period.
Diluted earnings per share stood at $4.34, improving from $3.53 in the same quarter last year, signalling steady profitability despite macro-economic uncertainties in global markets.
Mastercard CEO Michael Miebach said the quarter underscored solid consumer and business activity. “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,” he stated.
The company’s transaction volumes remained firm across key markets, supported by robust travel and cross-border spending trends. Mastercard shares were largely unchanged in pre-market trading following the release of the earnings report.
As global commerce continues to expand digitally, Mastercard noted sustained momentum across its services and digital payments platforms. The company, however, remains cautious on near-term macro-economic risks while reiterating confidence in long-term growth drivers tied to digital payments adoption worldwide.
