Mastercard reported a better-than-expected profit for the third quarter of 2024, driven by a significant increase in cross-border transactions. The company posted an adjusted earnings per share (EPS) of $3.89, surpassing the estimated $3.73, and revenue of $7.4 billion, up 13% year-over-year, exceeding the anticipated $7.27 billion. Mastercard's cross-border volume grew by 17% year-over-year, reflecting resilient consumer spending amid economic stability. Net revenues increased by 14%, and purchase volume reached $2.06 trillion. The company's CEO expressed optimism about growth prospects, highlighting investments in cutting-edge technology and a positive macroeconomic environment. As a result, Mastercard's shares rose nearly three percent, reaching an all-time high.