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Mastercard (MA) Q3 FY25 earnings call

Earnings call· Sep 2025 (Q3 FY25)· Financials· Oct 30, 2025

Source: earnings call transcript

Mastercard delivered a strong Q3 FY25, driven by robust growth in value-added services and solutions and resilient cross-border volumes, reflecting healthy consumer and business spending. The company continues to execute on its strategic priorities, including expanding acceptance and innovating in agentic commerce, while navigating a higher effective tax rate and the ongoing Capital One debit migration.

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MA operating KPIs by quarter

MA operating KPIs stated on its earnings calls, by fiscal quarter
KPI Dec 2024 Q4 FY24 Mar 2025 Q1 FY25This call Sep 2025 Q3 FY25 Dec 2025 Q4 FY25 Mar 2026 Q1 FY26Change vs prior quarter
Cards
3.5B Globally, there are 3.5 billion Mastercard and Maestro-branded cards issued. Source: earnings call transcript
3.5B Globally, there are 3.5 billion Mastercard and Maestro-branded cards issued. Source: earnings call transcript
3.6B Globally, there are 3.6 billion Mastercard and Maestro-branded cards issued. Source: earnings call transcript
3.7B Globally, there are 3.7 billion Mastercard and Maestro-branded cards issued. Source: earnings call transcript
3.7B Globally, there are 3.7 billion Mastercard and Maestro-branded cards issued. Source: earnings call transcript
0%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.