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Earnings Release Mastercard Incorporated Reports Third Quarter 2021 Financial Results Third - quarter net income of $ 2.4 billion , and diluted earnings per share ( EPS ) of $ 2.44 Third - quarter adjusted net income of $ 2.3 billion , and adjusted diluted EPS of $ 2.37 Third - quarter net revenue of $ 5.0 billion , an increase of 30 % , or 29 % on a currency - neutral basis Third - quarter gross dollar volume up 20 % and purchase volume up 23 % ● ● Purchase , NY - October 28 , 2021 - Mastercard Incorporated ( NYSE : MA ) today announced financial results for the third - quarter 2021 . " We saw continued momentum across the business as we delivered strong revenue and earnings growth again this quarter . Our performance was driven by the execution of our strategy , healthy domestic spending and solid growth in cross - border spending which has recently returned to pre - pandemic levels , ” said Michael Miebach , Mastercard CEO . " We are extending the scale and power of our trusted network through innovations like our new Mastercard Installments program . And , we continue to add to our efforts in cryptocurrency services and open banking through the acquisition of Cipher Trace and the planned acquisition of Aiia . " Quarterly Results Third - Quarter Operating Results $ in billions , except per share data Net revenue Operating expenses Operating income Operating margin Effective income tax rate Net income Diluted EPS Key Third - Quarter Non - GAAP Results $ in billions , except per share data Net revenue Adjusted operating expenses Adjusted operating margin Adjusted effective income tax rate Adjusted net income Adjusted diluted EPS Q3 2021 $ 5.0 $ 2.3 $ 2.7 54.5 % 14.3 % $ 2.4 $ 2.44 Q3 2021 $ 5.0 $ 2.2 56.7 % 14.4 % $ 2.3 $ 2.37 Q3 2020 $ 3.8 $ 1.7 $ 2.1 54.9 % 21.0 % $ 1.5 $ 1.51 Q3 2020 $ 3.8 $ 1.7 54.9 % 20.0 % $ 1.6 $ 1.60 Increase / ( Decrease ) Reported GAAP 30 % 31 % 29 % ( 0.4 ) ppt ( 6.7 ) ppt 59 % 62 % As adjusted 30 % 25 % Currency neutral 29 % 30 % 29 % Increase / ( Decrease ) 1.8 ppt ( 5.6 ) ppt 46 % 48 % ( 0.2 ) ppt ( 6.7 ) ppt 59 % 62 % Currency neutral 29 % 23 % 2.0 ppt ( 5.6 ) ppt 45 % 48 % 1. The Key Third - Quarter Non - GAAP Results exclude the impact of gains and losses on the company's equity investments , special items as described on page 11 ( " Special Items " ) and / or currency . See page 11 for the company's non - GAAP adjustments and the reconciliation to GAAP reported amounts .