Mastercard Inc. announced Thursday that its net revenue for the third quarter of fiscal 2024 rose 13% to $7.4 billion due to growth in the payment network and the value-added services and solutions.
According to the company's latest report, operating expenses for the same three reported months were $3.4 billion, with net income increasing by 2% to $3.3 billion or $3.53 per diluted share.
"Our strong performance this quarter, with net revenue growth of 13%, or 14% on a currency-neutral basis, highlights how we are delivering across all aspects of our business. These results reflect healthy consumer spending and ongoing solid demand for our value-added services and solutions, where net revenue increased 18%, or 19% on a currency-neutral basis," Michael Miebach, Mastercard CEO, commented.
Shares of Mastercard were flat just after the report's release in premarket in New York.
