MA Earnings: Mastercard Q2 revenue and adj. profit beat estimates

Credit card company Mastercard Incorporated (NYSE: MA) reported higher revenues and adjusted earnings for the second quarter of 2024. The results also topped expectations. Net revenue increased 11% year-over-year to $7.0 billion in the June quarter and exceeded estimates. Currency-neutral revenue growth was 13% during the three months. The top-line growth translated into a 24% […]

July 31, 2024 1 min read

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Credit card company Mastercard Incorporated (NYSE: MA) reported higher revenues and adjusted earnings for the second quarter of 2024. The results also topped expectations. Net revenue increased 11% year-over-year to $7.0 billion in the June quarter and exceeded estimates. Currency-neutral revenue growth was 13% during the three months. The top-line growth translated into a 24% […]
· July 31, 2024

Credit card company Mastercard Incorporated (NYSE: MA) reported higher revenues and adjusted earnings for the second quarter of 2024. The results also topped expectations.

Mastercard Q2 2024 earnings infographic

Net revenue increased 11% year-over-year to $7.0 billion in the June quarter and exceeded estimates. Currency-neutral revenue growth was 13% during the three months.

The top-line growth translated into a 24% increase in adjusted earnings to $3.59 per share in Q2 from $2.89 per share in the prior year period. Analysts were looking for a slower growth. Unadjusted profit was $3.3 billion or $3.50 per share, compared to $2.8 billion or $3.0 per share in the second quarter of 2023.

“We delivered another strong quarter across all aspects of our business with double-digit net revenue and earnings growth,” said Michael Miebach, Mastercard’s CEO.