Mastercard reported Q3 2024 net income of $3.3 billion, up 2% YoY, with diluted EPS of $3.53. Net revenue increased 13% to $7.4 billion, driven by 10% gross dollar volume growth and 17% cross-border volume growth on a local currency basis. Switched transactions rose 11%.Adjusted net income, excluding special items, grew 12% to $3.6 billion, with adjusted EPS of $3.89. The company recorded a $190 million restructuring charge and $176 million in litigation provisions. Operating expenses increased 25% to $3.4 billion, or 12% on an adjusted basis.Mastercard repurchased 6.3 million shares for $2.9 billion and paid $611 million in dividends during Q3. The company highlighted strong performance across its business, including 18% growth in value-added services and solutions net revenue.

Mastercard reported Q3 2024 net income of $3.3 billion, up 2% YoY, with diluted EPS of $3.53. Net revenue increased 13% to $7.4 billion, driven by 10% gross dollar volume growth and 17% cross-border volume growth on a local currency basis. Switched transactions rose 11%.Adjusted net income, excluding special items, grew 12% to $3.6 billion, with adjusted EPS of $3.89. The company recorded a $190 million restructuring charge and $176 million in litigation provisions. Operating expenses increased 25% to $3.4 billion, or 12% on an adjusted basis.Mastercard repurchased 6.3 million shares for $2.9 billion and paid $611 million in dividends during Q3. The company highlighted strong performance across its business, including 18% growth in value-added services and solutions net revenue.