Core Insights - Mastercard Inc. reported a 17% year-over-year increase in net revenue, reaching $8.6 billion, surpassing analyst expectations of $8.54 billion [1] - Adjusted earnings per share were $4.38, slightly above the consensus estimate of $4.32 [1] Revenue and Growth - Gross dollar volume increased by 9%, while cross-border spending grew by 15%, indicating steady travel and everyday purchase trends [2] - Value-added services, including cybersecurity, data analytics, and marketing tools, expanded by 25% year-over-year, contributing to a growing share of total revenue [3] Expenses and Taxation - Operating expenses rose by 5% due to higher administrative and acquisition costs [3] - The effective tax rate increased to 21.4% following the implementation of new global minimum tax regulations [3] Transaction and Market Activity - Mastercard processed $2.7 trillion in transactions during the quarter, with switched transactions up by 10% [4] - Total cards in circulation reached 3.6 billion across Mastercard and Maestro brands [4] Leadership Commentary - CEO Michael Miebach highlighted the results as a reflection of "healthy consumer and business spending" and noted new product launches such as the Mastercard Commerce Media Network and enhanced cyber intelligence offerings [4]