Mastercard reported 19% net income growth and 61% adjusted operating margins, surpassing Visa’s 7% growth in the latest quarter.
Mastercard’s net income grew 19% year-over-year, nearly three times faster than Visa’s 7%, while expanding adjusted operating margins to 61.1%. The company’s adjusted EPS of $5.04 beat estimates by 5.66%, marking its sixth consecutive quarter of outperforming consensus.
Visa reported $11.63 billion in net revenue, driven by $72 billion in transactions and a record $4 trillion in quarterly payments volume. Data processing revenue rose 17%, reinforcing its scale. Mastercard’s value-added services revenue grew 20%, supported by wins like the Apple Card and Banamex renewal.
Both firms are navigating agentic commerce differently, with Visa restructuring internally while Mastercard acquires stablecoin infrastructure. Mastercard’s profitability focus contrasts with Visa’s volume-driven approach.