By Nicholas G. Miller
Mastercard reported higher third-quarter profit and sales, citing strong consumer and business spending.
The credit-card company on Thursday reported net income of $3.9 billion, or $4.34 a share, up from $3.3 billion, or $3.53 a share, the year prior.
Adjusted earnings were $4.38 a share. Analysts expected $4.32, according to FactSet.
Revenue rose 17% to $8.6 billion. Wall Street expected $8.54 billion. The Purchase, N.Y., company said its payment network net revenue rose 12%, while its value-added services and solutions net revenue rose 25%.
Chief Executive Michael Miebach said the company's results were driven by "healthy consumer and business spending."
Earlier this week, Mastercard competitor Visa reported a 12% jump in revenue, citing healthy consumer spending in both discretionary and non-discretionary categories. Visa said spending increased the most among its high-income customers, but that it was seeing resilient spending across all consumers.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
10-30-25 0835ET
