Categories AlphaGraphs, Earnings, Finance

MA Earnings: Mastercard Q3 2022 profit, revenue beat estimates

Mastercard Incorporated (NYSE: MA) reported higher earnings and revenues for the third quarter of 2022. The results also exceeded analysts’ estimates.

Adjusted earnings, excluding special items, climbed to $2.68 per share in the September quarter from $2.37 per share a year earlier and topped analysts’ estimates. Third-quarter unadjusted net income rose to $2.50 billion or $2.58 per share from $2.41 billion or $2.44 per share in the same period of 2021.

At $5.76 billion, net revenues were up 15% year-over-year and well above the consensus forecast. Gross dollar volume increased 11% and purchase volume moved up 15%, on a local currency basis.

Check this space to read management/analysts’ comments on Mastercard’s Q3 2022 results

“We will continue to monitor impacts related to elevated inflation and other macroeconomic and geopolitical risks. Our diversified business model and ability to modulate expenses position us well to navigate through periods of uncertainty while maintaining focus on our strategic objectives,” said Michael Miebach, Mastercard’s CEO.

Prior Performance

  • Mastercard Q1 2022 earnings infographic
  • Mastercard Q2 2022 earnings infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,

Hormel Foods (HRL) provides downbeat outlook as it expects volatile and high-cost environment in FY2023

Shares of Hormel Foods Corporation (NYSE: HRL) were down over 4% on Wednesday after the company delivered mixed results for the fourth quarter of 2022 and provided a bleak outlook

Add Comment
Viewing Highlight