MasterCard reports Q3 adjusted EPS $3.89, consensus $3.74

Reports Q3 revenue $7.4B, consensus $7.27B. Reports Q3 gross dollar volume up 10% and purchase volume up 11%. “Our strong performance this quarter, with net revenue growth of 13%, or 14% on a currency-neutral basis, highlights how we are delivering across all aspects of our business. These results reflect healthy consumer spending and ongoing solid demand for our value-added services and solutions, where net revenue increased 18%, or 19% on a currency-neutral basis,” said Michael Miebach, Mastercard (MA) CEO. “We continue to invest in our suite of differentiated services to grow our addressable market, protect the ecosystem and add value in every transaction. This includes the planned acquisitions of Recorded Future and Minna Technologies, which are expected to add leading AI-powered threat intelligence and subscription management capabilities to meet the needs of our customers.”