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Mastercard beats Q3 revenue, adjusted EPS estimates

By Reuters News


Overview

  • Global payments network's Q3 revenue grew 14% yr/yr, beating analyst expectations

  • Adjusted EPS rose 21% yr/yr, and beat analyst expectations

  • Company repurchased 1.1 mln shares in Q3, $4.9 bln remains under buyback program


Outlook

  • Mastercard did not provide specific financial guidance for upcoming quarters or full year in its press release


Result Drivers

  • PAYMENT NETWORK & SERVICES - Co attributed Q3 revenue growth to expansion in payment network and value-added services

  • PAYMENT NETWORK VOLUMES AND PRICING – Payment network revenue growth was driven by higher GDV, cross-border volumes, switched transactions and pricing

  • LOWER TAX RATE – Higher net discrete tax benefits and other tax impacts reduced the effective tax rate to 19.4% from 21.5%


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$9.8 bln

$9.65 bln (30 Analysts)

Q3 Adjusted EPS

Beat

$5.31

$5.16 (31 Analysts)

Q3 EPS

$5.28


Reuters Recommended Reads

  • Oct 27 - Visa results beat estimates as resilient customers keep up spending

  • Oct 27 - Visa beats Q4 profit estimates on higher transactions, payment volumes

  • Oct 27 - PayPal CEO touts turnaround progress as annual profit forecast rises


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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