Mastercard reported Q4 2025 net revenue of $8.8 billion, an 18% year-over-year increase, or 15% on a currency-neutral basis. Adjusted diluted earnings per share came in at $4.76, a 25% increase from the prior year, driven by broad-based growth in transaction volumes and value-added services.
Key Highlights
- Cross-border volume, a key metric for travel and international e-commerce, rose 14% year-over-year on a local currency basis, contributing to a 12% increase in payment network net revenue.
- The value-added services and solutions segment continued to show strong momentum, with net revenue increasing 26% as reported and 22% on a currency-neutral basis, driven by demand for security and digital solutions.
- Operating margin expanded to 55.8% from 52.6% in the year-ago quarter, reflecting strong revenue growth outpacing a 10% increase in operating expenses. The company repurchased $3.6 billion of its stock during the quarter.