The earnings call highlighted strong financial results and significant growth in partnerships and value-added services. However, it also pointed out challenges such as portfolio lapping, geopolitical uncertainties, and regulatory issues. Despite these, the overall outlook remains positive due to diversified business strategies and continued innovation.

Company Guidance -

Q3 2025

During the Mastercard Q2 2025 earnings call, the company reported strong financial performance, with net revenues up 16% and adjusted net income increasing by 12% year-over-year on a non-GAAP currency-neutral basis. The call highlighted Mastercard's ongoing success with key partnerships and product launches, such as extending its exclusive partnership with American Airlines and expanding its relationship with Uber. The company also emphasized its strategic focus on leveraging value-added services, including security and digital engagement solutions, to drive growth. Additionally, Mastercard reported a 10% growth in switched transactions and a 15% increase in cross-border volumes, supported by healthy consumer spending, low unemployment, and wage growth outpacing inflation. Looking ahead, Mastercard expects full-year net revenue growth in the low teens range, with operating expenses growing at the low end of a low double-digit range. The company remains optimistic about its growth potential and is committed to executing its strategy in a dynamic macroeconomic environment.

Strong Financial Performance

Net revenues increased by 16% and adjusted net income rose by 12% on a non-GAAP currency-neutral basis compared to last year. This exceeded expectations and was underpinned by a diversified business model and strategic execution.

Expansion of Key Partnerships

Mastercard extended its exclusive partnership with American Airlines and expanded its relationship with Uber. They also signed new agreements with PayPal in the U.S., U.K., and Germany.

Growth in Value-Added Services

Value Added Services & Solutions net revenue increased by 22%, driven by consumer acquisition and engagement services, security solutions, and digital authentication.

Successful Product Deployment

Mastercard launched innovative solutions like Mastercard One credential worldwide and partnered with major B2B platforms to expand virtual card technology.

Increase in Cross-Border Volume

Cross-border volume increased by 15%, with continued growth in both travel and non-travel related cross-border spending.

Mastercard (MA) Earnings, Revenues Date & History

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MA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	4.32 / -	3.89	―	―	―
Jul 31, 2025	2025 (Q2)	4.03 / 4.15	3.59	15.60% (+0.56)
May 01, 2025	2025 (Q1)	3.58 / 3.73	3.31	12.69% (+0.42)
Jan 30, 2025	2024 (Q4)	3.69 / 3.82	3.18	20.13% (+0.64)
Oct 31, 2024	2024 (Q3)	3.74 / 3.89	3.39	14.75% (+0.50)
Jul 31, 2024	2024 (Q2)	3.51 / 3.59	2.89	24.22% (+0.70)
May 01, 2024	2024 (Q1)	3.25 / 3.31	2.8	18.21% (+0.51)
Jan 31, 2024	2023 (Q4)	3.08 / 3.18	2.65	20.00% (+0.53)
Oct 26, 2023	2023 (Q3)	3.21 / 3.39	2.68	26.49% (+0.71)
Jul 27, 2023	2023 (Q2)	2.83 / 2.89	2.56	12.89% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$559.11	$566.47	+1.32%
May 01, 2025	$547.32	$545.89	-0.26%
Jan 30, 2025	$547.19	$564.35	+3.14%
Oct 31, 2024	$511.43	$497.39	-2.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.