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 […]

May 1, 2024 1 min read

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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 […]
· May 1, 2024

Credit card company Mastercard Incorporated (NYSE: MA) reported an increase in revenues and adjusted earnings for the first quarter of 2024.

Mastercard Q1 2024 earnings infographic

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.