Mastercard Q3 Earnings: Revenue And EPS Beat, Cross Border Transactions Growth, Sees European Consumer Confidence Improvement

Mastercard Inc (NYSE: MA) reported fiscal third-quarter net revenues of $7.37 billion, up 13% year over year and 14% year over year on a neutral currency basis, beating the analyst consensus estimate of $7.27 billion.

Adjusted EPS rose 15% year over year to $3.89, exceeding the analyst consensus estimate of $3.74.

Payment network net revenue rose 10% Y/Y (+11% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+10% Y/Y), cross-border volume (+17% Y/Y) and switched transactions (+11% Y/Y). 

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