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Friday, 27 October 2023

MA Earnings: Key quarterly highlights from Mastercard’s Q3 2023 financial results

by Rose White

Mastercard Incorporated (NYSE: MA) reported third quarter 2023 earnings results today.

MA Earnings: Key quarterly highlights from Mastercard’s Q3 2023 financial results

Net revenue increased 14% year-over-year to $6.5 billion. Currency-neutral revenue growth was 11%.

Net income increased 28% to $3.2 billion and EPS rose 31% to $3.39. Adjusted EPS grew 26% to $3.39.

Earnings beat expectations while revenues came in line with estimates.

As of September 30, 2023, the company’s customers had issued 3.3 billion Mastercard and Maestro-branded cards.

The stock dropped over 2% in premarket hours on Thursday.

Prior performance

The post MA Earnings: Key quarterly highlights from Mastercard’s Q3 2023 financial results first appeared on AlphaStreet.

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