Mastercard Incorporated has reported its first quarter 2025 financial results, showing a strong performance compared to the same period last year. The first quarter net income was $3.3 billion, with diluted earnings per share (EPS) of $3.59, representing an 11% and 15% increase respectively from the first quarter of 2024.
Adjusted net income for the first quarter of 2025 was $3.4 billion, with adjusted diluted EPS of $3.73, marking a 10% and 13% increase from the same period in 2024.
Net revenue for the first quarter of 2025 was $7.3 billion, reflecting a 14% increase from the first quarter of 2024. On a currency-neutral basis, net revenue increased by a substantial 17% over the same period.
Mastercard's gross dollar volume saw a 9% increase, and purchase volume went up by 10% on a local currency basis. Cross-border volume also recorded a significant growth of 15% on a local currency basis.
The company's operating expenses increased by 13% from the first quarter of 2024. Adjusted operating expenses also rose by 13%, or 14% on a currency-neutral basis, largely due to higher general and administrative and advertising and marketing expenses.
The effective income tax rate for the first quarter of 2025 was 18.6%, compared to 15.4% for the same period in 2024. The adjusted effective income tax rate for the first quarter of 2025 was 19.1%, versus 15.9% for the comparable period in 2024.
During the first quarter of 2025, Mastercard repurchased 4.7 million shares at a cost of $2.5 billion and paid $694 million in dividends. As of March 31, 2025, the company’s customers had issued 3.5 billion Mastercard and Maestro-branded cards.
Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $543.84. If you want to know more, read the company's complete 8-K report here.
