Mastercard Incorporated reported a significant increase in its financial performance for the first quarter of 2025, with net revenue reaching $7.25 billion, a 14% increase from $6.35 billion in the same period last year. The company's operating income also rose to $4.15 billion, up 15% from $3.60 billion in the prior year. Net income for the quarter was $3.28 billion, compared to $3.01 billion in 2024, resulting in diluted earnings per share of $3.59, an 11% increase from $3.22 per share in the previous year.
The growth in revenue was primarily driven by a 13% increase in net revenue from the payment network, which totaled $4.43 billion, and a 16% rise in value-added services and solutions, which contributed $2.82 billion. The increase in payment network revenue was attributed to higher domestic and cross-border dollar volumes, as well as an increase in the number of switched transactions. The company also noted that the revenue growth was partially bolstered by acquisitions completed in 2024.
In terms of operational metrics, Mastercard reported a 9% increase in switched transactions and a 12% rise in cross-border volume growth. The company’s total assets as of March 31, 2025, stood at $48.47 billion, up from $48.08 billion at the end of 2024. Mastercard's employee headcount remained stable, with no significant changes reported in staffing levels. The company also continued its share repurchase program, buying back 4.7 million shares for $2.5 billion during the quarter, and declared dividends totaling $694 million.
Looking ahead, Mastercard expressed optimism about its growth trajectory, although it acknowledged potential challenges from regulatory changes and market conditions. The company highlighted the impact of the 15% global minimum tax that took effect in 2025, which contributed to an increase in its effective income tax rate to 18.6%, up from 15.4% in the previous year. Mastercard remains focused on expanding its payment solutions and enhancing its value-added services to drive future growth.
About Mastercard Inc
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