Mastercard tops Q1 earnings estimates as consumer spending remained resilient
Investing.com -- Mastercard on Thursday reported a 23% jump in adjusted profit in its first quarter (Q1) buoyed by resilient consumer spending despite uncertainties stemmed due to the middle-east conflict.
Mastercard reported Q1 adjusted earnings per share of $4.60, $0.19 better than the analyst estimate of $4.41.
During the quarter, the payments giant saw its gross dollar volume grew at 7%, on a local currency basis, to $2.7 trillion and its cross-border volume grew at 13% from the year-ago period.
“Mastercard is diversified, future-ready, and delivering. In Q1, net revenue increased 16%, and value-added services and solutions grew 22% year over year — or 12% and 18% respectively on a currency-neutral basis. Building on our strong foundation, we’re advancing agentic commerce with Mastercard Agent Pay and expanding our stablecoin solutions through the planned acquisition of BVNK. We’re well positioned to capture the next wave of digital payments growth and continue to support secure commerce around the world,” Michael Miebach, CEO of Mastercard said.
The company's net revenue increased 16% to $8.4 billion, versus the comparable period in 2025, helped by growth in our payment network and value-added services and solutions.
Its rival Visa on Wednesday beat estimates for second-quarter profit and lifted expectations for full-year earnings.