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Mastercard ($MA) reported its Q3 FY23 earnings, with adjusted EPS of $3.39, beating estimates of $3.23. Net revenue was $6.53 billion, in line with estimates. Operating margin was 58.8%, higher than the estimated 58.5%. Cross-border volumes increased by 21%, while purchase volume rose by 12%. Despite the positive results, Mastercard's stock fell by 2.9% in pre-market trading. Visa ($V) also released its Q4 FY23 earnings, with revenue of $8.6 billion, up 11% from the previous year. Net income increased by 19% to $4.7 billion, and operating cash flow rose by 18% to $6.9 billion. For the full fiscal year, Visa's revenue was $32.7 billion, up 11%.
Visa and Mastercard See Q3 Earnings Gains, But Their Stocks Fall https://t.co/9VQlGxHZBQ $V $MA
$MA Mastercard Q3 FY23: • Revenue +14% Y/Y to $6.5B ($30M miss). • Operating margin 59% (+5pp Y/Y). • Non-GAAP EPS $3.39 ($0.18 beat). Fx neutral: • Revenue +11% Y/Y. • Gross dollar volume +11% Y/Y. • Cross-border volume +21% Y/Y. • Switched transactions +15% Y/Y. https://t.co/6JP4Ycb46q
Mastercard 23Q3 results Q3 GDV +11%, Transactions +15% Revenue +13.5% (+11% ex-FX) Adj. EBIT +16% Adj. Net Income +23%, EPS +26% YTD EPS +14% $MA -3.2% pre-market Shares at $373 = 34.5x 2022 Adj. EPS https://t.co/BGdDGrXGCH
Mastercard 23Q3 results Q3 GDV +11%, Transactions +15% Revenue +13.5% (+11% ex-FX) Adj. EBIT +16% Adj. Net Income +23%, EPS +26% YTD EPS +14% $MA -3.2% pre-market Shares at $373 = 34.5x 2022 Adj. EPS https://t.co/UpL32V6oZx
$MA Mastercard beats on eps, rev in-line. -2.9% pre market https://t.co/lbJszFMwfd
🔸 $MA RESULTS: Q3 🔸ADJ EPS $3.39, EST $3.23 🔸EPS $3.39 🔸Net revenue $6.53B, EST $6.53B 🔸Operating margin 58.8%, EST 58.5% 🔸Cross-border volumes +21%, EST +21.2% 🔸Purchase volume $1.88 trillion, EST $1.87 trillion 🔸Purchase volume +12%, EST +12.2% 🔸Gross Dollar Volume… https://t.co/14jEdn6UOE
MASTERCARD Q3 2023 EARNINGS $MA ADJUSTED EPS $3.39, EST. $3.23 NET REVENUE $6.5B, EST. $6.53B
*MASTERCARD 3Q ADJ EPS $3.39, EST. $3.23
MASTERCARD $MA JUST REPORTED EARNINGS EPS of $3.39 beating expectations of $3.21 Revenue of $6.5B in line with expectations
MarketAxess $MKTX 3Q23 Earnings ➡️ - Rev $172m +0% ➡️🟡 - EBITDA $83m -11% ↘️ margin 48% -585 bps ↘️🔴 - EBIT $67m -12% ↘️ margin 39% -550 bps ↘️🔴 - Net Inc $55m -7% ↘️ margin 32% -257 bps ↘️🔴 - OCF $79m -7% ↘️ margin 46% -350 bps ↘️🔴 - FCF $75m +7% ↗️ margin 43% +277 bps ✅… https://t.co/2jC6LXerEM https://t.co/8zUvWL6yYx
Visa $V 4Q23 Earnings - Rev $8.6b +11% ↗️🟡 - EBIT $5.6b +9% ↗️ margin 64% -86 bps ↘️🔴 - Net Inc $4.7b +19% ↗️ margin 54%⭐️ +378 bps ✅ - OCF $6.9b +18% ↗️ margin 80% +500 bps ✅ - FCF $6.6b +19% ↗️ margin 77%⭐️ +525 bps ✅ $V FY23 Earnings - Rev $32.7b +11% ↗️🟡 - EBIT $21b… https://t.co/AMugwWqfo7
Visa $V 4Q23 Earnings - Rev $8.6b +11% ↗️🟡 - EBIT $5.6b +9% ↗️ margin 64% -86 bps ↘️🔴 - Net Inc $4.7b +19% ↗️ margin 54%⭐️ +378 bps ✅ - OCF $6.9b +18% ↗️ margin 80% +500 bps ✅ - FCF $6.6b +19% ↗️ margin 77%⭐️ +525 bps ✅ $V FY23 Earnings - Rev $32.7b +11% ↗️🟡 - EBIT $21b… https://t.co/y5x4eDGD2J