Mastercard reported strong Q3 2024 results with net revenue rising 13% to $7.4B, driven by healthy consumer spending and 18% growth in value-added services. Net income reached $3.3B with diluted EPS of $3.53. Gross dollar volume grew 10% to $2.5T while cross-border volume increased 17% on a local currency basis.The company announced planned acquisitions of Recorded Future and Minna Technologies to enhance AI-powered threat intelligence and subscription management capabilities. Operating expenses rose 25% to $3.4B, including a $190M restructuring charge aimed at streamlining operations and a $176M litigation provision.In capital return, Mastercard repurchased 6.3M shares for $2.9B and paid $611M in dividends during Q3. The company maintains strong operational metrics with 3.4B Mastercard and Maestro-branded cards issued globally, while purchase transactions grew 11% year-over-year.

Mastercard reported strong Q3 2024 results with net revenue rising 13% to $7.4B, driven by healthy consumer spending and 18% growth in value-added services. Net income reached $3.3B with diluted EPS of $3.53. Gross dollar volume grew 10% to $2.5T while cross-border volume increased 17% on a local currency basis.The company announced planned acquisitions of Recorded Future and Minna Technologies to enhance AI-powered threat intelligence and subscription management capabilities. Operating expenses rose 25% to $3.4B, including a $190M restructuring charge aimed at streamlining operations and a $176M litigation provision.In capital return, Mastercard repurchased 6.3M shares for $2.9B and paid $611M in dividends during Q3. The company maintains strong operational metrics with 3.4B Mastercard and Maestro-branded cards issued globally, while purchase transactions grew 11% year-over-year.