Particle.news

Download on the App Store

Mastercard Exceeds Q2 Profit Expectations Amid Strong Consumer Spending

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

Overview

  • 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.