Mastercard Payment network — Net Revenue increased by 4.7% to $5.18B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 11.9%, from $4.63B to $5.18B. Over 3 years (FY 2021 to FY 2024), Payment network — Net Revenue shows an upward trend with a 13.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates higher transaction volumes or improved pricing power within the payment ecosystem, while a decrease may signal competitive pressure or a slowdown in consumer spending. It reflects the overall health and adoption of the company's payment rails.
This metric represents the total revenue generated by the core payment processing infrastructure, excluding intersegment...
Comparable to the core transaction processing revenue reported by other global payment networks and card associations, often categorized as network or processing revenue.
ma_segment_payment_network_net_revenue| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.99B | $2.99B | $2.99B | $3.40B | $3.61B | $3.77B | $3.59B | $3.65B | $4.07B | $4.21B | $3.89B | $3.92B | $4.38B | $4.63B | $4.41B | $4.43B | $4.95B | $5.18B |
| QoQ Change | — | +0.0% | +0.0% | +13.8% | +6.2% | +4.3% | -4.8% | +1.8% | +11.6% | +3.4% | -7.6% | +0.7% | +11.6% | +5.8% | -4.7% | +0.5% | +11.6% | +4.7% |
| YoY Change | — | — | — | — | +20.9% | +26.1% | +20.1% | +7.4% | +12.9% | +11.8% | +8.5% | +7.4% | +7.4% | +10.0% | +13.4% | +13.1% | +13.0% | +11.9% |
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