Q3 25 EPS
$4.38
BEAT +1.52%
Est. $4.31
Q3 25 Revenue
$8.60B
BEAT +0.82%
Est. $8.53B
vs S&P Since Q3 25
-16.6%
TRAILING MARKET
MA -10.9% vs S&P +5.7%
Market Reaction
Did MA Beat Earnings? Q3 2025 Results
Mastercard posted a clean beat across the board in Q3 fiscal 2025, with earnings per share of $4.38 topping the $4.31 consensus estimate by 1.52% and revenue of $8.60 billion edging past expectations by 0.82% while climbing 16.7% year-over-year. The … Read more Mastercard posted a clean beat across the board in Q3 fiscal 2025, with earnings per share of $4.38 topping the $4.31 consensus estimate by 1.52% and revenue of $8.60 billion edging past expectations by 0.82% while climbing 16.7% year-over-year. The primary engine behind the quarter's strength was Mastercard's value-added services and solutions segment, which delivered 25% net revenue growth fueled by security and digital authentication products and consumer engagement services, complementing solid 12% growth in payment network revenue as gross dollar volume hit $2.70 trillion and cross-border volume expanded 15%. GAAP net income rose 20% to $3.93 billion, though adjusted earnings growth was tempered by a sharply higher effective tax rate of 21.4%, up from 16.3% a year ago, reflecting the rollout of Pillar 2 global minimum tax rules across key jurisdictions. Mastercard also returned meaningful capital to shareholders, repurchasing 5.8 million shares for $3.30 billion and paying $687.00 million in dividends during the quarter, a reminder that the company's cash generation continues to support an assertive return program.
Key Takeaways
- • Gross dollar volume growth of 9% on a local currency basis to $2.7 trillion
- • Cross-border volume growth of 15% on a local currency basis
- • Switched transactions growth of 10%
- • Value-added services and solutions net revenue growth of 25% (22% currency-neutral)
- • Security and digital authentication solutions growth
- • Consumer acquisition and engagement services growth
- • Business and market insights growth
MA YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“Mastercard delivered another strong quarter, with net revenue growth of 17% year-over-year, or 15% on a currency-neutral basis, driven by healthy consumer and business spending and continued robust performance of our differentiated services.”
— Michael Miebach, Q3 2025 Earnings Press Release
MA Earnings Trends
MA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MA EPS Trend
Earnings per share: estimate vs actual
MA Revenue Trend
Quarterly revenue: estimate vs actual
MA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.60 | — | $8.40B | +1.73% |
| Q4 25 BEAT FY | $4.24 | $4.76 | +12.26% | $8.81B | — |
| FY Full Year | $16.46 | $17.01 | +3.33% | $32.79B | +0.25% |
| Q3 25 BEAT | $4.31 | $4.38 | +1.52% | $8.60B | +0.82% |
| Q2 25 BEAT | $4.02 | $4.15 | +3.12% | $8.13B | +1.88% |
| Q1 25 BEAT | $3.56 | $3.73 | +4.80% | $7.25B | +1.79% |