Mastercard Exceeds Q2 Profit Expectations Amid Strong Consumer Spending

Robust discretionary spending and travel drive significant revenue and profit growth for the payments giant.

Mastercard's Q2 net revenues rose 10% year-over-year to $7 billion, surpassing analyst estimates.
Adjusted EPS increased by 24% to $3.59, beating consensus forecasts.
Cross-border volume, indicating travel demand, surged by 17% year-over-year.
The company's net income climbed 17% to $3.3 billion, reflecting resilient consumer behavior.
Mastercard repurchased 5.8 million shares and paid $615 million in dividends during the quarter.