(Alliance News) - MasterCard Inc on Thursday reported increased earnings for the first quarter, aided by cross-border volume growth.

For the three months to the end of March, the Purchase, New York-based financial services company said net income increased 8.9% to USD3.28 billion from USD3.01 billion a year ago.

Diluted earnings per share grew 11% to USD3.59 from USD3.22.

Net revenue climbed 14% to USD7.25 billion from USD6.35 billion, outpacing operating expenses which were up 13% to USD3.10 billion from USD2.74 billion.

"We started 2025 strong with net revenue growth of 14% year-over-year, or 17% on a currency-neutral basis. This was aided in part by cross-border volume growth of 15%," said Chief Executive Officer Michael Miebach.

"Our steady drumbeat of innovation continues... While there is uncertainty in the world, we've built a diversified, resilient business model and proven strategy that enables us to effectively navigate various economic environments."

MasterCard said the net revenue increase includes a 1% rise from acquisitions, with the remaining increase attributable to growth in the payment network and its value-added services.

Shares in MasterCard were up 1.5% to USD556.00 in premarket trading on Thursday morning in New York.

By Michael Hennessey, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.