- United States
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- Diversified Financial
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- NYSE:MA
Mastercard Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line
Mastercard (NYSE:MA) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$6.96b (up 11% from 2Q 2023).
- Net income: US$3.26b (up 14% from 2Q 2023).
- Profit margin: 47% (up from 45% in 2Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$3.51 (up from US$3.01 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mastercard Revenues Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 4.7% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Mastercard has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NYSE:MA
Mastercard
A technology company, provides transaction processing and other payment-related products and services in the United States and internationally.
Solid track record with moderate growth potential.