Mastercard beats Q3 revenue, adjusted EPS estimates
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 |
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(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.)