Categories AlphaGraphs, Earnings, Finance
MA Earnings: Mastercard Q1 2024 adj. profit rises on higher revenues
Credit card company Mastercard Incorporated (NYSE: MA) reported an increase in revenues and adjusted earnings for the first quarter of 2024.
Net revenue increased 10% year-over-year to $6.3 billion in the March quarter. Currency-neutral revenue growth was 11%.
The positive top-line performance translated into an 18% increase in adjusted earnings to $3.31 per share in Q1 from $2.80 per share in the prior year period. Unadjusted profit was $3.0 billion or $3.22 per share, compared to $2.4 billion or $2.47 per share in the first quarter of 2023.
“Our momentum continued this quarter, as we delivered strong revenue and earnings growth powered by healthy consumer spending, strong cross-border volume growth of 18%1year-over-year, and new deal wins in every region,” said Michael Miebach, CEO of Mastercard.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
USB Earnings: US Bancorp Q1 profit jumps on higher interest income
U.S. Bancorp (NYSE: USB) Wednesday reported a double-digit growth in first-quarter earnings, reflecting an increase in net interest income. Total net revenue increased 3.6% from last year to $7.0 billion
Abbott Laboratories (ABT) Q1 2025 Earnings: Key financials and quarterly highlights
Abbott Laboratories (NYSE: ABT) reported its first quarter 2025 earnings results today. Total sales increased 4% year-over-year to $10.35 billion. Organic sales growth was 6.9%. Net earnings grew 8.2% to
UAL Earnings: Highlights of United Airlines’ Q1 2025 financial results
Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) on Tuesday announced financial results for the first quarter of 2025. Net income, on an adjusted basis, was $0.91 per share in
