Mastercard Beats on Earnings and Revenue in First Quarter [The Motley Fool]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.mastercard.com/investor-relations/default.aspx
Company Research
Source: The Motley Fool
Profits atMastercard(NYSE:MAThepayment processingImage Source: GettyDespite supplying credit and debit cards to many financial institutions, Mastercard operates differently from a credit card company.The company does not make money by issuing cards or extending credit, but rather by assessing fees based on the gross dollar volume of clients that use Mastercard products; by taking fees on transaction switching; and from other payment-related products and services.Mastercard CEO Ajay Banga said in a statement, "We have built a set of diversified services capabilities to meet our partners' needs in this changing world. Although there will be twists in the road, we have seen early signs of spending levels stabilizing and are confident that we will emerge from this even stronger."The company made gains in several of its key revenue areas, such as an 8% increase in gross dollar volume, a % increase in switched transactions and a 6% increase in other revenues, which consist of data analytics
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News
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MA
Earnings
- 8/1/24 - Beat
MA
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- MA's page on the SEC website