Mastercard said net revenue for the 3 months ended September 30, 2025 increased 17%, or 15% on a currency-neutral basis. Net revenue for the 9 months increased 16% on both an as-reported and currency-neutral basis.

1. 01

   Mastercard said net revenue for the 3 months ended September 30, 2025 increased 17%, or 15% on a currency-neutral basis. Net revenue for the 9 months increased 16% on both an as-reported and currency-neutral basis.

2. 02

   The company said payment network net revenue increased 12% for the 3 months, and value-added services and solutions net revenue increased 25%. It added that the increase in value-added services and solutions included a 3 percentage points contribution from acquisitions.

3. 03

   Mastercard said the effective income tax rate for the 3 months ended 2025 was 21.5%, higher than 15.6% for the comparable period in 2024. The company cited the Pillar 2 Rules that took effect in 2025 and a change in its geographic mix of earnings as factors.

4. 04

   Mastercard repurchased 14.7 million shares of its common stock for $8.2 billion and paid dividends of $2.1 billion during the 9 months ended 2025. The company also completed a debt offering in February 2025 for an aggregate principal amount of $1.25 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$8.6B

Operating income

$5.1B

Net income

$3.9B

EPS

$4.34

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.

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

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