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Sep 30, 2023
Mastercard Q3 2023 Earnings Report
Mastercard reported strong revenue and earnings growth, driven by solid business fundamentals and resilient consumer spending.
Key Takeaways
Mastercard's Q3 2023 results showed strong growth in revenue and earnings. Net revenue increased by 14%, reaching $6.5 billion, while net income grew by 28% to $3.2 billion, resulting in a diluted EPS of $3.39.
Net revenue increased by 14%, or 11% on a currency-neutral basis, reaching $6.5 billion.
Net income for the third quarter was $3.2 billion, with a diluted EPS of $3.39.
Gross dollar volume increased by 11% and purchase volume increased by 12% on a local currency basis.
Cross-border volumes increased 21%, reflecting strength in both travel and non-travel spending.
Mastercard
Mastercard
Forward Guidance
This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.