Mastercard reported a significant increase in fourth-quarter profit, with an 11% rise driven by robust consumer spending during the holiday season. The company's earnings per share (EPS) came in at $3.18, surpassing the expected $3.08, with an adjusted EPS of $2.97. Revenue also beat expectations at $6.55 billion, compared to the anticipated $6.5 billion. These results reflect the strength of the labor markets and a resilient consumer base, despite concerns over potential economic downturns. Mastercard's cross-border volumes grew by 18%, aligning with estimates, while purchase volume reached $1.92 trillion, as forecasted. Operating expenses grew more than analysts expected. The company's financial performance indicates a positive trend in spending and payment processing, despite a slight pre-market decline of 0.75% in its stock price. Full year revenue and EPS grew by 13% and 15% respectively. For FY24, Mastercard forecasts revenue growth at the high end of the low double-digits (LDD) and operating expense growth at the low end of LDD, implying high-end LDD EPS growth.
$MA (-0.7% pre) Mastercard Incorporated Fourth Quarter and Full Year 2023 Financial Results Available on Company’s Website https://t.co/4IBAnrfMLb
Mastercard $MA 23Q4 results (Non-GAAP) Q4 revenue +13% (+11% ex-FX), OpEx +10% EBIT +15%, margin +1.2 ppt (56.2%) Net Income +17%, EPS +20% FY revenue +13%, EPS +15% FY24 outlook Revenue growth: high end of LDD OpEx growth: low end of LDD (implies high end of LDD EPS growth) https://t.co/mRJX5cV18D
Mastercard’s fourth-quarter earnings beat expectations even as operating expenses grew more than analysts expected https://t.co/UqqzLq5E7e
$MA Mastercard beats on eps, beats on rev. -0.75% premkt https://t.co/cl4KmDGmEq
⚠️ MASTERCARD'S FOURTH-QUARTER PROFIT JUMPS ON BUOYANT SPENDING (Reuters) Payments processor Mastercard on Wednesday reported an 11% jump in fourth-quarter profit, driven by resilient consumer spending during the holiday season as labor markets remained strong and fears of a… https://t.co/LOJRkQZdl0
$MA Mastercard - Business Update Through 1/28 https://t.co/p8uuDqHbJV
$MA | Mastercard Q4 23 Earnings: - Adj EPS: $3.18 (est $3.08) - Revenue: $6.5B (est $6.50B) - Cross Border Volumes +18% (est +18.3%) - Purchase Volume $1.92 Tln (est $1.92 Tln)
🔴 $MA MASTER CARD Q4 2023 EARNINGS
*MASTERCARD 4Q ADJ EPS $3.18, EST. $3.08
$MA MASTER CARD Q4 2023 EARNINGS ADJ EPS $3.18, EST. $3.08 EPS $2.97 NET REV. $6.5B, EST. $6.5B CROSS-BORDER VOLUMES +18%, EST. +18.3% PURCHASE VOLUME $1.92T, EST. $1.92T
MASTERCARD $MA JUST REPORTED EARNINGS EPS of $3.18 beating expectations of $3.08 Revenue of $6.55B beating expectations of $6.5B