Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving to be strong tailwinds.Worldwide gross dollar volume (GDV) increased by 10% year over year to $2.3 trillion. In the U.S., GDV increased by 6% to $712 billion with credit growth of 6% with credit growth of 12% and debit growth of 13%. Overall, cross-border volume increased 18% globally.CEO Michael Miebach said that in ...

Financial Data and Key Metrics Changes - In Q1 2024, net revenues increased by 11% and adjusted net income rose by 16% on a non-GAAP currency-neutral basis compared to the previous year [7][28] - Operating expenses grew by 9%, while operating income increased by 12% [28] - Net income and EPS increased by 16% and 19%, respectively, with EPS at $3.31, including a $0.07 contribution from share repurchases [28][29] Business Line Data and Key Metrics Changes - Payment Network net revenue increased by 8%, driven by domestic and cross-border transaction growth [30] - Value-added Services & Solutions net revenue grew by 15%, supported by strong demand for consulting, marketing services, and fraud and security capabilities [30][31] - Tokenized transactions grew over 50% year-over-year, indicating a significant shift towards digital payments [13] Market Data and Key Metrics Changes - Worldwide gross dollar volume (GDV) increased by 10% year-over-year, with U.S. GDV growing by 6% and international volume increasing by 13% [29] - Cross-border volume increased by 18% globally, reflecting strong growth in both travel and non-travel related spending [29] - Switch transactions grew by 13% year-over-year, with contactless transactions now representing approximately 67% of all in-person switched purchase transactions [30][31] Company Strategy and Development Direction - The company is focused on strategic priorities including consumer payments, new flows, services, and new networks, with a recent organizational realignment to enhance execution [9][10] - The growth algorithm emphasizes capturing the natural growth of economies, accelerating the shift to electronic payments, and optimizing customer portfolios [10] - The company is expanding its acceptance footprint globally and enhancing user experience through innovative technologies [11][12] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment is mixed, with strong labor markets and moderating inflation supporting healthy consumer spending [8][9] - The company remains positive about growth outlook despite headwinds from geopolitical uncertainty and foreign exchange fluctuations [9][36] - For the full year 2024, the company expects net revenue growth at the high end of a low double-digit range on a currency-neutral basis [36] Other Important Information - The company repurchased $2 billion worth of stock during the quarter, with an additional $815 million repurchased through April 26, 2024 [28] - The company is actively working on expanding its presence in the Chinese domestic market, expecting to process the first transactions in May 2024 [44][46] Q&A Session Summary Question: Guidance on revenue trends and FX impact - Management confirmed that the guidance for the full year remains unchanged, with healthy consumer spending trends in line with expectations [40] Question: Cross-border travel trends and Easter impact - Management acknowledged that the slowdown in cross-border travel growth was primarily due to the timing of Easter and tougher comps from last year [62] Question: Value-added services penetration and growth - Management highlighted the significant potential for cross-selling value-added services, with top customers using two to three times more services than others [50][72] Question: U.S. Merchant Glass Action Settlement implications - Management expressed relief over the settlement, indicating it would lead to mild reductions in interchange rates without major impacts on business [53][55] Question: Rebates and incentives outlook - Management expects rebates and incentives to remain roughly similar to Q1 levels, emphasizing their role in driving volume onto the network [58][59]

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 March 31, 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 i ...

MasterCard (MA) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $2.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.80%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $3.08 per share when it actually produced earnings of $3.18, delivering a surprise of 3.25%.Over the last ...

Mastercard Incorporated First Quarter 2024 Financial Results Conference Call May 1, 2024 Business Update Key Trends Business Highlights Financial Overview ...

Earnings Release Mastercard Incorporated Reports First Quarter 2024 Financial Results • First quarter net income of $3.0 billion, and diluted earnings per share (EPS) of $3.22 • First quarter adjusted net income of $3.1 billion, and adjusted diluted EPS of $3.31 • First quarter net revenue of $6.3 billion, an increase of 10%, or 11% on a currency-neutral basis • First quarter gross dollar volume up 10% and purchase volume up 11%, on a local currency basis Purchase, NY - May 1, 2024 - Mastercard Incorporated ...

POLAND - 2023/10/23: In this photo illustration, a Mastercard logo seen displayed on a smartphone ... [+] with coding in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMastercard (NYSE: MA) is scheduled to report its fiscal Q1 2024 results on Wednesday, May 1, 2024. We expect Mastercard Mastercard to beat the consensus estimates of earnings and revenues. The company outperformed the street expectations in the last quarter, ...

ECommerce solution provider PrestaShop has partnered with Mastercard to offer Click to Pay in Europe.The Click to Pay functionality will be integrated into the PrestaShop platform for merchants based in France, Spain, Italy and the United Kingdom and then extended to other European and international markets, the companies said in a Monday (April 29) press release.“We are proud to enable our merchants to benefit from Click to Pay, a technology that represents the future of online transactions,” Eric Senechal ...

How does a decade of mid-teen percentage dividend increases sound as a starting point? Here are two stocks that have done just that.Mastercard (MA 0.07%) has a roughly 0.6% dividend yield today. Visa's (V -0.23%) yield is only slightly higher at about 0.8% or so. While those figures probably won't appeal to many dividend investors, this one will: Both of these payment processors have mid-teen annualized percentage dividend growth rates over the past decade. In other words, they are dividend growth stocks wi ...

jbk_photography Investment Thesis Heading into earnings on May 1st, I believe Mastercard (NYSE:MA) is a hold. Despite this period being a traditionally weaker one for the payments processor, the company has historically been capable of surpassing Wall Street's earnings expectations, meaning I could move to a buy if the company exceeds expectations early next month. U.S. consumer spending has exhibited surprising resilience so far this year, as indicated by recent economic data. In particular, retail sal ...