Mastercard said net revenue for the 3 months ended September 30, 2024 rose 13% year over year, or 14% on a currency-neutral basis, and net revenue for the 9-month cumulative period rose 11%, or 12% on a currency-neutral basis. The company said both its payment network and value-added services and solutions contributed to the increase.

10-QQuarterly reportFiled Oct 31, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Mastercard said net revenue for the 3 months ended September 30, 2024 rose 13% year over year, or 14% on a currency-neutral basis, and net revenue for the 9-month cumulative period rose 11%, or 12% on a currency-neutral basis. The company said both its payment network and value-added services and solutions contributed to the increase.
The company said operating expenses for the 3 months rose 25%, and adjusted operating expenses rose 12%. It also said it recorded a restructuring charge of $190 million and litigation provisions of $176 million in Q3.
The company said its effective income tax rate for the 3 months was 15.6% (15.0% in the prior-year period), and its adjusted effective income tax rate was 16.3% (15.0% in the prior-year period). Its effective income tax rate for the 9-month period was 16.1% (18.6% in the prior-year period), and its adjusted effective income tax rate was 16.6% (19.0% in the prior-year period).
The company said operating cash flow from operating activities rose $2,096 million in 2024 for the 9 months. It said that over the same period it issued debt with an aggregate principal amount of $4.0 billion, repurchased 16.5 million shares of common stock for $7.6 billion, and paid dividends of $1.8 billion.

Key figures

Quarter ended September 30, 2024

Revenue: $7.4B
Operating income: $4.0B
Net income: $3.3B
EPS: $3.53

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly and Year-to-Date Net Revenue Growth

Mastercard said net revenue for the 3 months ended September 30, 2024 rose 13% year over year, or 14% on a currency-neutral basis, and net revenue for the 9-month cumulative period rose 11%, or 12% on a currency-neutral basis. The company said both its payment network and value-added services and solutions contributed to the increase.

Source · Based on the MD&A text of the filing

Operating Expenses, Restructuring and Litigation Provisions

The company said operating expenses for the 3 months rose 25%, and adjusted operating expenses rose 12%. It also said it recorded a restructuring charge of $190 million and litigation provisions of $176 million in Q3.

Source · Based on the MD&A text of the filing

Changes in Effective Tax Rate

The company said its effective income tax rate for the 3 months was 15.6% (15.0% in the prior-year period), and its adjusted effective income tax rate was 16.3% (15.0% in the prior-year period). Its effective income tax rate for the 9-month period was 16.1% (18.6% in the prior-year period), and its adjusted effective income tax rate was 16.6% (19.0% in the prior-year period).

Source · Based on the MD&A text of the filing

Cash Flow, Debt Issuance and Shareholder Returns

The company said operating cash flow from operating activities rose $2,096 million in 2024 for the 9 months. It said that over the same period it issued debt with an aggregate principal amount of $4.0 billion, repurchased 16.5 million shares of common stock for $7.6 billion, and paid dividends of $1.8 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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