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Mastercard (MA) Q3 2025 10-Q Quarterly Report

Filed: Oct 30, 2025Period ending Sep 30, 2025
Information Technology
Services-Business Services, NECSEC EDGAR
Mastercard Overview

Mastercard (MA) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Mastercard Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • • Quarterly revenue $8.602B, up 17% YoY from $7.369B; net income $3.927B, up 20%; operating margin 58.8% vs 54.3% YoY
  • • Best performing segment value-added services revenue up 25% YoY to $3.423B; payment network up 12% YoY to $5.179B
  • • Operating expenses up 5% GAAP, adjusted up 15% (currency-neutral), driven by higher general/admin expenses and acquisitions
  • • Operating cash flow $12.6B for nine months, share repurchases $8.2B and dividends $2.1B; total debt $19B, up from $18.2B
  • • Management cites higher effective tax rate 21.5% vs 15.6% due to new global minimum tax; positive outlook with ongoing network growth and acquisitions

Risk Factors

  • • No material changes to risk factors reported since 2024 Form 10-K
  • • Carried-forward risks include cybersecurity threats impacting transaction security
  • • Regulatory risk from evolving global payment regulations with potential fines
  • • Competitive pressure from fintech entrants affecting market share near term
  • • Financial risk from foreign currency fluctuations influencing international revenue

Mastercard Q3 2025 Quarterly Financials
XBRL

Revenue

$8.6B

▲ +16.7% YoY▲ +5.8% QoQ

Net Income

$3.9B

▲ +20.3% YoY▲ +6.1% QoQ

Operating Margin

58.8%

▲ +450bp YoY▲ +10bp QoQ

Net Margin

45.7%

▲ +137bp YoY▲ +15bp QoQ

ROE

49.7%

Total Assets

$53.3B

EPS (Diluted)

$4.34

▲ +22.9% YoY▲ +6.6% QoQ

Operating Cash Flow

$5.7B

▲ +10.3% YoY▲ +23.0% QoQ

Source: XBRL data from Mastercard Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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