Mastercard Q3 Gross Dollar Volume +9%; Cross-border Volume +15%
Author: Benzinga Newsdesk | October 30, 2025 07:02am
The following information is provided to aid in understanding Mastercard's third quarter 2025 results,
versus the year ago period.
• Net revenue increased 17%, or 15% on a currency-neutral basis. This increase includes a 1 percentage
point increase from acquisitions. The remaining increase was attributable to organic growth in our
payment network and our value-added services and solutions.
▪ Payment network net revenue increased 12%, or 10% on a currency-neutral basis. Primary
drivers of the increase were as follows:
• Gross dollar volume growth of 9%, on a local currency basis, to $2.7 trillion.
• Cross-border volume growth of 15% on a local currency basis.
• Switched transactions growth of 10%.
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