Mastercard(US:MA)2025-05-01 12:01Financial Performance - Mastercard's net revenue increased by 17% to $7.25 billion, driven by growth in the payment network and value-added services[3, 6] - Adjusted operating expenses rose by 14% to $2.95 billion, including a 4 percentage point increase from acquisitions[3, 7] - Adjusted operating income grew by 19% to $4.3 billion, with acquisitions creating a 1 percentage point headwind[3, 8] - Adjusted net income increased by 13% to $3.406 billion, and adjusted diluted EPS increased by 16% to $3.73[3, 8] - The company repurchased $2.5 billion worth of stock during the quarter and an additional $884 million through April 28, 2025[10] Volume and Transaction Growth - Worldwide Gross Dollar Volume (GDV) increased by 9% year-over-year[14] - In the U S, GDV increased by 7%, with Credit growth of 6% and Debit growth of 8%[15] - Outside the U S, volume increased 10%, with Credit growth of 9% and Debit growth of 12%[16] - Cross-border volume increased by 15% globally[17] - Switched transactions grew by 9% year-over-year[19] - Card growth was 6%, with 3.533 billion Mastercard and Maestro-branded cards issued globally[21, 22] Revenue Breakdown - Payment Network net revenue increased 16%, driven by domestic and cross-border transaction and volume growth[26] - Value-added Services and Solutions net revenue increased 18%, including a 4 percentage point increase from acquisitions[27] Outlook - The company anticipates low teens Non-GAAP net revenue growth for the full year 2025[55]