Mastercard Inc
MA
ISIN US57636Q1040 / Valor 2282206
Mastercard Inc
UMushroom community rating:
About company
Mastercard Inc. is a global technology company in the payments industry that has been at the forefront of innovation for over 50 years. The company specializes in making payment transactions safe, simple, smart, and accessible for individuals, financial institutions, governments, and businesses around the world. By leveraging secure data and networks, along with strategic partnerships, Mastercard aims to connect and power an inclusive digital economy that benefits all participants. It serves a wide range of customers, including consumers, small and medium-sized businesses, large enterprises, banks, and credit unions, across more than 210 countries and territories. Mastercard's commitment to growth and value delivery is evident in its continuous efforts to develop and implement payment solutions that meet the evolving needs of its stakeholders.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Income and EPS
In the third quarter of 2024, Mastercard Inc reported a net income of $3.3 billion, with diluted earnings per share (EPS) of $3.53. The adjusted net income for the same period was $3.6 billion, and the adjusted diluted EPS was $3.89, reflecting a strong financial performance.
Revenue Growth
Mastercard Inc's net revenue for the third quarter of 2024 reached $7.4 billion, marking a 13% increase compared to the previous year. On a currency-neutral basis, the revenue growth was 14%, driven by robust consumer spending and demand for value-added services.
Operating Expenses and Margin
The company's operating expenses for the third quarter of 2024 were $3.4 billion, representing a 25% increase from the previous year. Despite this rise, Mastercard Inc maintained an operating margin of 54.3%, although it decreased by 4.5 percentage points compared to the prior year.
Key Business Drivers
During the third quarter of 2024, Mastercard Inc experienced a 10% growth in gross dollar volume and an 11% increase in purchase volume on a local currency basis. Cross-border volume saw a significant rise of 17%, contributing to the overall revenue growth.
Tax Rate and Card Issuance
Mastercard Inc's effective income tax rate for the third quarter of 2024 was 15.6%, slightly higher than the 15.0% rate in the same period of 2023. As of September 30, 2024, the company had issued 3.4 billion Mastercard and Maestro-branded cards to its customers.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
487907 M
Market cap (USD)
347,069
Daily traded volume (Shares)
535.74 / 528.73
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Hein Sweerts de Landas
Igor Jovicic
Gabriele Ciavarini Azzi
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