Mastercard Incorporated reported its first-quarter earnings for fiscal year 2025, surpassing analyst estimates on key financial metrics. The company posted an adjusted diluted earnings per share (EPS) of $3.73, beating the estimated $3.58, and a GAAP EPS of $3.59, slightly above the $3.58 estimate. Revenue reached $7.3 billion, exceeding the $7.13 billion forecast and representing a 14% year-over-year increase. Gross dollar volume grew 9% to $2.4 trillion on a local currency basis, with purchase volume up 10% to $1.99 trillion. Cross-border transaction volumes increased by 15%, slightly below the estimated 17.4%. Mastercard's adjusted operating margin improved to 59.3% from the previous 58.8%, while the adjusted tax rate rose to 19.1% from 15.9%. The company affirmed its full-year 2025 revenue growth outlook in the high-end of the low-double-digits to low-teens range, implying revenue between $31.5 billion and $32.7 billion. Net income for the quarter was $3.3 billion, with adjusted net income at $3.4 billion. Mastercard's performance reflects steady consumer spending and growth in its payment processing volumes.