- Mastercard reported Q3 net income of $4.6B and diluted EPS of $5.28, up 22% from $4.34 a year earlier.
- Net revenue rose 14% to $9.8B, with payment network net revenue up 11% and value-added services and solutions net revenue up 19%.
- Gross dollar volume rose 7% and cross-border volume rose 11% on a local currency basis. Payment network rebates and incentives rose 18%.
- Adjusted diluted EPS was $5.31, up 21% from $4.38 in Q3 2025.
- Shares of Mastercard rose more than 4% in afternoon trading on Oct 29, while Visa and American Express rose about 2% each, per Reuters.
- Reuters reported that consumer spending held up despite still-high inflation, and that some of the spending growth was driven by higher gas prices.
Quotes
“Another strong quarter for Mastercard, delivering net revenue growth of 14%.”