Stay updated with breaking news from Michael Miebach. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mastercard Inc (NYSE: MA) reported fiscal Q1 2024 results with net revenues of $6.35B, beating consensus of $6.34B. Adjusted EPS rose 18% to $3.31. Payment network net revenue rose 7%. Outlook: high-single-digit net revenue growth for Q2 and low-double-digit growth for FY2024.
Bolstered by healthy first-quarter global card-spending trends, Mastercard is focusing on opportunities outside the U.S., including a unique card-processing arrangement beginning this month in China.
Mastercard Inc. (NYSE: MA) reported fiscal first-quarter net revenues of $6.35 billion, up 10% year over year and 11% year over year on a neutral currency basis, beating the consensus of $6.34 billion. Adjusted EPS rose 18% year over year to $3.31, exceeding the consensus of $3.24. Payment network net revenue rose 7% Y/Y (+8% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+10% Y/Y), cross-border volume (+18% Y/Y) and switched transactions (+13% Y/Y). Also Read: Mastercar
MA earnings call for the period ending March 31, 2024.
RB Capital Management LLC boosted its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,725 shares of the credit services provider’s stock after acquiring an additional 235 shares during the quarter. Mastercard accounts for about 1.1% […]