Visa vs Mastercard – who’s the winner of this quarter? Here’s a comparison on the latest Financial Results made by Marcel van Oost, the founder and news editor of Connecting the Dots in Payments.
Visa – $10.2 billion net revenue, $5.3 billion net profit (52% margin)
Visa’s Q3 FY25 revenue rose 14% Y/Y to $10.2 billion ($350 million beat), with non‑GAAP EPS of $2.98 ($0.13 beat), driven by strong transaction volumes.
Payment volume grew 8%, cross‑border volume rose 12%, and processed transactions climbed 10% to 65.4 billion.
Service revenue increased 9%, data processing 15%, and international transaction 14%.
The company reaffirmed full‑year guidance for low‑double‑digit revenue growth and low‑teens EPS growth.
CEO Ryan McInerney highlighted resilient US consumer spending—both discretionary and non‑discretionary—and sustained cross‑border momentum. Despite beats across key metrics, shares slipped as Visa left its outlook unchanged.
Investors expected an upward revision given the premium valuation (over 31x forward earnings).
Mastercard – $8,1 billion net revenue, $3,7 billion net profit (46% margin)
Mastercard posted another solid quarter, with revenue up 17% Y/Y to $8.1 billion ($120 million beat) and EPS of $4.15 ($0.13 beat).
Consumer spending remained resilient, driving 9% gross dollar volume growth and 15% cross-border volume growth, while value-added services revenue climbed 23% on strength in security, authentication, and consulting.
Operating margin expanded to 59%, aided by scale and FX tailwinds.
Management tightened full-year revenue guidance to the high end of low-teens growth and spotlighted new partnerships, including an extended American Airlines deal and collaborations with Walmart/OnePay, PayPal, and Uber.
Contactless payments reached 75% of in-person transactions, and transit acceptance expanded to 60+ new public transport operators.
Portfolio lapping and tariffs pose modest headwinds, but Mastercard has multiple growth engines, from AI-driven services to stablecoin settlement.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
