By Emily Dattilo

Shares of Mastercard were rising after the credit-card company easily beat Wall Street's quarterly estimates for earnings and revenue.

Mastercard stock gained 1.5% to $557 in premarket trading Thursday. Over the last 12 months, shares have increased 19%.

For its fourth quarter, the company posted adjusted earnings of $3.82 per share, beating Wall Street's call for $3.69, according to FactSet. Net revenue of $7.5 billion was above the consensus estimate of $7.39 billion.

Switched volume -- which refers to the total number and value of payment transactions processed through the Mastercard platform -- rose 13% from the year-ago quarter and climbed from 11% in the third quarter, according to the earnings presentation. Cross-border volume rose 20% on a local currency basis in the fourth quarter.

"Our diverse capabilities in payments and services and solutions -- including the acquisition of Recorded Future this quarter -- set us apart and position us well for long-term growth as we outlined at our Investor Day," said CEO Michael Miebach in a statement. "That value is seen in the continued momentum of our new and expanded wins." Recorded Future is a global threat intelligence company.

For the first quarter, Mastercard said it expects revenue up low-double-digits from the year-ago quarter.

For 2025, the company anticipates revenue up low-double-digits from a year prior.

Visa, which reports earnings after the closing bell Thursday, was up 0.8%.

Write to Emily Dattilo at emily.dattilo@dowjones.com

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January 30, 2025 08:50 ET (13:50 GMT)

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