Overview
- Adjusted earnings were $4.38 per share versus about $4.32 expected, with profit of $3.9 billion translating to $4.34 per share on a GAAP basis.
- Net revenue reached $8.6 billion, up 17% from a year ago and ahead of the roughly $8.54 billion consensus.
- Payment activity stayed resilient, with gross dollar volume up 9% and cross-border volume up 15% in the quarter.
- Shares were little changed in early trading after closing at $554.58 in the prior session.
- Analyst sentiment had strengthened in recent weeks with new Buy coverage and target increases, and Jill Kramer is set to become chief marketing and communications officer on Dec. 1.