Mastercard TodayMAMastercard$464.75 +1.04 (+0.22%) 52-Week Range$359.77▼$490.00Dividend Yield0.57%P/E Ratio36.94Price Target$503.67Add to WatchlistMastercard NYSE: MA is the third largest company in the United States financial services industry, with a market capitalization of $431 billion. The firm released Q2 2024 financial results on July 31, 2024. We will review key points from the earnings release and explain the company's diverse revenue streams. We'll conclude by highlighting critical factors to moni ...

MasterCard (MA) reported $6.96 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 11%. EPS of $3.59 for the same period compares to $2.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.85 billion, representing a surprise of +1.67%. The company delivered an EPS surprise of +2.28%, with the consensus EPS estimate being $3.51.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

jbk_photography Why I am interested in Mastercard Railroads and infrastructure plays fascinate me and this is why, besides my coverage of Class 1 railroads, I am now adding another company to this basket: Mastercard (NYSE:MA). Yes, I consider Mastercard a rail and the company explains its business with words that seem to support my thought: "Mastercard is a technology company in the global payments industry. [...] We operate a multi-rail payments network [...] we offer payment products and services and ...

| --- | --- | |-------------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | Mastercard | | | Incorporated | | | | | | Second Quarter 2024 Financial Results Conference Call | | | | | | | | | | | | | | | | | | July 31, 2024 | | | | | | | | Business Update Michael Miebach: FINAL Business Highlights Financial Overview ©2024 Mastercard July 31, 2024 2 2nd Quarter Selected Financial Performance Adjusted effective tax rate 17.5% 23.9 % ©2024 Mastercard Thanks, Michael. Tur ...

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 ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...