Mastercard Incorporated (NYSE: MA) surpassed Wall Street’s expectations for the third quarter, driven by robust consumer spending and strategic growth in value-added services.Despite ongoing economic uncertainties, Mastercard displayed strong performance, reporting an adjusted earnings per share (EPS) of $3.89, exceeding the consensus estimate of $3.74. This performance led to an initial 3% increase in Mastercard’s stock price, reaching an all-time high before retreating slightly amid regulatory scrutiny ov ...

Mastercard Incorporated (MA) reported third-quarter 2024 adjusted earnings of $3.89 per share, which surpassed the Zacks Consensus Estimate by 4.3%. The bottom line improved 15% year over year. Its shares gained 1.7% in the pre-trading session. Net revenues of the leading technology company in the global payments industry advanced 13% year over year to $7.4 billion. The top line beat the consensus mark by 1.6%.The quarterly results reflect benefits from increased gross dollar volume, cross-border volumes, s ...

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates.CEO Michael Miebach said on a conference call with analysts: “On Halloween, well, there’s nothing spooky here.”Revenue growth of 14%, to $7.4 billion, was boosted by healthy consumer spending, which also spurred cross-border volume growth of 17% year over year, he said.“The macroeconomic environment remai ...

Mastercard Incorporated (NYSE:MA) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Devin Corr - Head of Investor Relations Michael Miebach - Chief Executive Officer Sachin Mehra - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Tien-tsin Huang - J.P. Morgan Harshita Rawat - Bernstein Rayna Kumar - Oppenheimer Bryan Keane - Deutsche Bank Tim Chiodo - UBS Darrin Peller - Wolfe Research James Faucette - Morgan Stanley Craig Maurer - FT Partners Trevor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32877 Mastercard Incorporated (Exact name of registrant as specified in its charter) Delaware 13-4172551 (State or other jurisdiction ...

MasterCard (MA) came out with quarterly earnings of $3.89 per share, beating the Zacks Consensus Estimate of $3.73 per share. This compares to earnings of $3.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.29%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $3.51 per share when it actually produced earnings of $3.59, delivering a surprise of 2.28%.Over the last ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

| --- | --- | |------------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | Mastercard | | | Incorporated | | | | | | Third Quarter 2024 Financial Results Conference Call | | | | | | | | | | | | | | | October 31, 2024 | | | | | | | | Business Update Michael Miebach: FINAL Business Highlights Financial Overview October 31, 2024 2 ©2024 Mastercard 3rd Quarter Selected Financial Performance Adjusted effective tax rate 16.3% 15.0 % ©2024 Mastercard Thanks, Michael. Turni ...

Earnings Release Key Third Quarter Non-GAAP Results Increase / (Decrease) 1 Mastercard Incorporated Reports Third Quarter 2024 Financial Results • Third quarter net income of $3.3 billion, and diluted earnings per share (EPS) of $3.53 • Third quarter adjusted net income of $3.6 billion, and adjusted diluted EPS of $3.89 • Third quarter net revenue of $7.4 billion, an increase of 13%, or 14% on a currency-neutral basis • Third quarter gross dollar volume up 10% and purchase volume up 11%, on a local currency ...

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed by Mastercard's new in-house capability for building and deploying knowledge agent tools, the company said in a Tuesday (Oct. 29) press release. Mastercard's new in-house capability was built in collaboration with Databricks, using its Data Intelligence Platform, according to the release. "With core functionalities l ...