Key Takeaways
- Mastercard's fourth quarter revenue and adjusted earnings beat analysts' expectations.
- Adjusted net income rose 17% from the year-ago period to $2.99 billion or $3.18 per diluted share.
- Revenue grew 12.5% to $6.55 billion as robust consumer spending boosted Mastercard's payments network.
Mastercard Inc.'s (MA) fourth quarter earnings got a boost from robust consumer spending. Shares were 0.5% lower in pre-market 💛trading Wednesday.
The payments giant reported 澳洲幸运5开奖号码历史查询:net income of $2.8 billion or $2.97 per diluted share. Excluding the impact of losses on certain equity investments, adjusted net income stood at $2.99 billion or $3.18 per share, higher than analyst expectations and up 17% compared to the year-ago quarter.
Revenue rose 12.5% to $6.5ꩲ5 billion, primarily driven by gross dollar volume and cross border volume growth in its payments network.
"We delivered strong earnings and revenue growth for the full year 2023, driven by healthy consumer spending, cross-border volume growth of 24 percent, and the solid execution of our strategy," said Michael Miebach, CEO of Mastercard.
Q4 2023 | Analyst Estimates for Q4 2023 | Q4 2022 | Year-Over-Year % Change | |
---|---|---|---|---|
Revenue | $6.55 billion | $6.47 billion | $5.82 billion | 12.5% |
(Diluted) Adjusted Earnings Per Share | $3.18 | $3.08 | $2.65 | 20% |
Net Income | $2.99 billion | $2.89 billion | $2.55 billion | 17% |
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