Short answer
Mastercard (MA) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8.6B (up 16.7% year over year) with net income of $3.9B.
Q3 2025 key 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%
- EPS (diluted)
- $4.34
- +22.9% YoY · +6.6% QoQ
Source: XBRL data from the Mastercard (MA) Q3 2025 10-Q on SEC EDGAR. USD.
Mastercard Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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