Mastercard Exceeds Earnings Estimates: CEO Highlights AI and Stablecoin Potential

Mastercard’s Q3 profits surpassed analyst expectations on Thursday, with the company announcing adjusted earnings of $4.38 per share, exceeding forecasts of $4.32. This success is attributed to sustained consumer spending despite economic uncertainty. CEO Michael Miebach emphasized the company’s focus on AI-powered commerce and stablecoin infrastructure as key growth areas. The payment network saw a 15% increase in cross-border transaction volume when adjusted for currency fluctuations, and total revenue climbed 17% to $8.6 billion during the quarter.