Mastercard Incorporated (MA) reported second-quarter 2024 adjusted earnings of $3.59 per share, which outpaced the Zacks Consensus Estimate by 2.3%. The bottom line climbed 24.2% year over year.Net revenues of the leading technology company in the global payments industry amounted to $7 billion, which improved 11% year over year in the quarter under review. The top line beat the consensus mark by 1.7%.MA’s strong second-quarter 2024 results benefited from resilient consumer spending and solid cross-border v ...

Financial Data and Key Metrics Changes - In Q2 2024, net revenues increased by 13% and adjusted net income rose by 24% year-over-year on a non-GAAP, currency-neutral basis [7][28] - Operating expenses grew by 10%, while operating income increased by 15% [28] - Net income and EPS increased by 24% and 27%, respectively, with EPS at $3.59, including a $0.07 contribution from share repurchases [28][29] Business Line Data and Key Metrics Changes - Payment network net revenue increased by 9%, driven by domestic and cross-border transaction growth [30] - Value-added services and solutions net revenue grew by 19%, supported by strong demand for consulting, data analytics, and fraud solutions [31][23] - Worldwide Gross Dollar Volume (GDV) increased by 9%, with cross-border volume up by 17% globally [29] Market Data and Key Metrics Changes - In the US, GDV increased by 6%, with credit growth of 6% and debit growth of 7% [29] - Outside the US, volume increased by 11%, with credit growth of 10% and debit growth of 11% [29] - Contactless transactions now represent approximately 69% of all in-person switched purchase transactions [30] Company Strategy and Development Direction - The company is focusing on executing strategic priorities that fuel growth across core payments, new payment flows, and services [8][9] - Organizational changes were announced to enhance focus on growth markets and long-term business opportunities [9][10] - Investments will be made in technology and value-added services, particularly in data analytics and cybersecurity [10][23] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment is mixed, with strong consumer spending supported by a solid labor market, but inflation and interest rates remain concerns [7][8] - The company remains positive about growth outlook despite economic headwinds and tailwinds [8][35] - For Q3 2024, net revenue growth is expected to be at the high end of a low double-digit range on a currency-neutral basis [35][37] Other Important Information - A one-time restructuring charge of approximately $190 million is expected in Q3 due to organizational realignment [36][37] - The company plans to host an Investor Day in New York on November 13 to discuss future plans [38] Q&A Session Summary Question: Discussion on US merchant litigation and settlement rejection - Management expressed disappointment over the court's ruling to reject the settlement and emphasized the intention to find a solution before trial [42][43] Question: Insights on rebates and incentives growth - Management noted that rebates and incentives came in slightly lower than expected but anticipate higher percentages in Q3 due to a rich deal pipeline [46][48] Question: Clarification on organizational realignment - The realignment aims to accelerate growth without changing the overall strategy, focusing on emerging markets and enhancing service offerings [51][52] Question: Outlook on cash digitization opportunity in Europe - Management highlighted strong growth in Europe, with significant opportunities in cash-heavy economies and ongoing investments in fintech partnerships [57][60] Question: Stability in US volume trends - Management confirmed general stability in trends for the first four weeks of July, with some minor impacts from weather events [65][66] Question: Positive divergence between constant currency revenues and volumes - The positive divergence is attributed to favorable mix and pricing, with a focus on high-yielding cross-border volumes [72][73] Question: Share gain benefits and revenue items - Management discussed share gains from recent debit portfolio conversions and noted that domestic assessments are influenced by mix and geographic factors [75][79]

Playing a hot hand of new deals and balanced global consumer spending, Mastercard posted double-digit revenue growth for the second quarter, as announced in its earnings call Wednesday (July 31).“The macroeconomic environment remains mixed, and we continue to monitor the positives and negatives,” Mastercard CEO Michael Miebach told the company’s earnings call audience. “Strength in consumer spending continues to be supported by a solid labor market and wage growth. While there are some signs of labor market ...

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 June 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 of in ...

MasterCard (MA) came out with quarterly earnings of $3.59 per share, beating the Zacks Consensus Estimate of $3.51 per share. This compares to earnings of $2.89 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 2.28%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $3.22 per share when it actually produced earnings of $3.31, delivering a surprise of 2.80%. Over the last ...

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Earnings Release Mastercard Incorporated Reports Second Quarter 2024 Financial Results • Second quarter net income of $3.3 billion, and diluted earnings per share (EPS) of $3.50 • Second quarter adjusted net income of $3.3 billion, and adjusted diluted EPS of $3.59 • Second quarter net revenue of $7.0 billion, an increase of 11%, or 13% on a currency-neutral basis • Second quarter gross dollar volume up 9% and purchase volume up 10%, on a local currency basis Purchase, NY - July 31, 2024 - Mastercard Incorp ...

Mastercard Incorporated (MA) is set to report second-quarter 2024 results on Jul 31, 2024, before the opening bell. Factors such as expanding cross-border transactions, growth in Gross Dollar Volume (GDV) and increased processed transactions are expected to bolster its performance.The Zacks Consensus Estimate for second-quarter earnings is currently pegged at $3.51 per share, implying solid growth of 21.5% from the year-ago reported number. The estimate remained stable over the past week. The Zacks Consensu ...

Mastercard stock is trading down about 10% from recent highs. The shares look cheaper, but still aren't cheap.Mastercard (MA 2.00%) has a long history of success behind it as one of the two largest retail financial transaction processors in the world. You'll probably find the Mastercard logo on a credit or debit card in your own wallet. That business success has attracted its share of stock success as well.While the stock has generally been on a consistent path up in value, it has retreated around 10% from ...

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