earnings
confidence high
sentiment positive
materiality 0.75
Mastercard Q2 net income $2.8B, EPS $3.00; revenue up 14% to $6.3B
Mastercard Inc
2023-Q2 EPS reported
$5.47
revenue$12,017,000,000
- Net revenue $6.3B (+14% reported, +15% currency-neutral); GAAP diluted EPS $3.00, adjusted diluted EPS $2.89.
- Gross dollar volume up 12% on local currency to $2.3T; cross-border volume up 24%; switched transactions up 17%.
- Value-added services revenue up 16% (currency-neutral) driven by cyber, intelligence, consulting and marketing.
- Repurchased 6.5M shares for $2.4B and paid $541M dividends in Q2; $6.4B remaining under buyback programs.
- Adjusted operating margin expanded to 58.6% from 57.9%; effective tax rate impacted by $212M Brazil-related tax charge.