Earnings Review: A future with trust as a foundation

Trust is the foundation in any relationship — between family, friends, classmates, business partners and colleagues.  

I can speak for everyone at Mastercard in saying we are proud of the trust that people feel when they see our brand. People know that they can use our products to pay and, as importantly, they know their money and their data are protected. Businesses know that when they choose to work with us, they will get a guaranteed payment, strong insights and world-class security and fraud protections. 

Trust comes when we continually deliver, like you saw in today’s report of our Q3 financial performance. It was a strong quarter, driven by the hard work, creativity, innovation and dedication of our teams. Their efforts are supported by healthy consumer spending. You can see it in the numbers: 

• Net revenue and earnings per share both grew double digits on a non-GAAP, currency neutral basis 

• Cross-border volume was up 17% year over year on a local currency basis (Mastercard-branded programs only) 

• Value-added services and solutions revenue grew 19% year over year on a currency neutral basis 

This same concept of trust lies in delivering value to our customers time and again. As I reflect on the past quarter, there are two examples related to our growth algorithm that help reinforce the concept of promises made and promises kept. 

Growing new flows 

We know there is an opportunity to help create more efficiency in how people and businesses move money around the globe. That’s why we have strategically integrated our domestic and international money movement capabilities under the Mastercard Move umbrella. It gives people more choice in how they send and receive funds safely and securely to nearly 10 billion endpoints across more than 180 countries and 150 currencies. We are bringing the same consumer experience to the commercial space at scale for partners like Citibank. A better way to deliver money in near real-time around the world.  

Delivering additional value

Trust is also critical in today’s digital world where buyers and sellers may never meet in person. Yes, technology makes life easier, but the “bad guys” are looking to use that same technology for fraud and other activities that may harm people. We have made a commitment to deliver security in every transaction, and we have extended that to help our partners assess threats and then take stronger actions. That’s the idea behind our announced acquisition of Recorded Future — to add to our cybersecurity capabilities, providing real-time visibility into potential threats so our partners can proactively manage risks. 

We continue to focus on delivering value in every interaction. It’s how we reinforce that basic trust. And that trust is what becomes the foundation to create today’s wins and to work toward tomorrow’s growth opportunities.  

Our team looks forward to continuing to demonstrate this commitment in two weeks at our Investment Community Meeting in New York.