MasterCard reported strong financial results for Q3 2024, with net revenue increasing 13% year-over-year to $7.37 billion. Net income rose 2% to $3.26 billion, while diluted earnings per share grew 4% to $3.53. The company's payment network revenue increased 10%, driven by growth in domestic and cross-border volumes and switched transactions.Value-added services and solutions revenue surged 18%, boosted by growth in consulting, marketing, fraud security, and identity authentication solutions. Operating expenses increased 25% to $3.37 billion, including a $190 million restructuring charge and $176 million in litigation provisions. Excluding these special items, adjusted operating expenses grew 12%.MasterCard maintained a solid financial position, with $11.4 billion in cash and investments as of September 30, 2024. The company continued its shareholder return program, repurchasing 16.5 million shares for $7.6 billion and paying $1.8 billion in dividends during the first nine months of 2024. Management remains confident in MasterCard's long-term growth opportunities and ability to deliver value to stakeholders.

MasterCard reported strong financial results for Q3 2024, with net revenue increasing 13% year-over-year to $7.37 billion. Net income rose 2% to $3.26 billion, while diluted earnings per share grew 4% to $3.53. The company's payment network revenue increased 10%, driven by growth in domestic and cross-border volumes and switched transactions.Value-added services and solutions revenue surged 18%, boosted by growth in consulting, marketing, fraud security, and identity authentication solutions. Operating expenses increased 25% to $3.37 billion, including a $190 million restructuring charge and $176 million in litigation provisions. Excluding these special items, adjusted operating expenses grew 12%.MasterCard maintained a solid financial position, with $11.4 billion in cash and investments as of September 30, 2024. The company continued its shareholder return program, repurchasing 16.5 million shares for $7.6 billion and paying $1.8 billion in dividends during the first nine months of 2024. Management remains confident in MasterCard's long-term growth opportunities and ability to deliver value to stakeholders.