Mastercard reported strong financial results for Q3 2024, with net revenue increasing 13% to $7.37 billion and net income rising 2% to $3.26 billion. The growth was driven by a 10% increase in payment network revenue to $4.63 billion and an 18% rise in value-added services revenue to $2.74 billion. Gross dollar volume grew 10% on a local currency basis, while cross-border volume surged 17%.Operating expenses increased 25% to $3.37 billion, including a $190 million restructuring charge and $176 million litigation provision. The company maintained solid operational performance with an operating margin of 54.3%. During the quarter, Mastercard repurchased 6.3 million shares for $2.9 billion and paid dividends of $607 million, demonstrating continued commitment to shareholder returns.Looking ahead, Mastercard completed debt offerings totaling $4 billion and announced plans to acquire Recorded Future for $2.65 billion to enhance cybersecurity capabilities. The company continues to invest in strategic initiatives across payments and value-added services while streamlining operations through restructuring to support long-term growth opportunities. Management remains focused on expanding digital payment solutions and strengthening security services.

Mastercard reported strong financial results for Q3 2024, with net revenue increasing 13% to $7.37 billion and net income rising 2% to $3.26 billion. The growth was driven by a 10% increase in payment network revenue to $4.63 billion and an 18% rise in value-added services revenue to $2.74 billion. Gross dollar volume grew 10% on a local currency basis, while cross-border volume surged 17%.Operating expenses increased 25% to $3.37 billion, including a $190 million restructuring charge and $176 million litigation provision. The company maintained solid operational performance with an operating margin of 54.3%. During the quarter, Mastercard repurchased 6.3 million shares for $2.9 billion and paid dividends of $607 million, demonstrating continued commitment to shareholder returns.Looking ahead, Mastercard completed debt offerings totaling $4 billion and announced plans to acquire Recorded Future for $2.65 billion to enhance cybersecurity capabilities. The company continues to invest in strategic initiatives across payments and value-added services while streamlining operations through restructuring to support long-term growth opportunities. Management remains focused on expanding digital payment solutions and strengthening security services.