Reported Q: Q2 2024 Rev YoY: +11.0% EPS YoY: +16.6% Move: +0.47%
Mastercard Incorporated
MA
$517.21 0.47%
Exchange NYSE Sector Financial Services Industry Financial Credit Services
Q2 2024
Published: Jul 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MA

Reported

Report Date

Jul 31, 2024

Quarter Q2 2024

Revenue

6.96B

YoY: +11.0%

EPS

3.50

YoY: +16.6%

Market Move

+0.47%

Previous quarter: Q1 2024

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Earnings Highlights

  • Revenue of $6.96B up 11% year-over-year
  • EPS of $3.50 increased by 16.6% from previous year
  • Gross margin of 76.9%
  • Net income of 3.26B
  • "The headline this quarter we delivered very strong results powered by broad based momentum across all aspects of our business. Second quarter net revenues were up 13% and adjusted net income up 24% versus a year ago on a non-GAAP, currency neutral basis." - Michael Miebach, CEO
MA
Company MA

Executive Summary

Mastercard delivered a solid Q2 2024 performance, underpinned by broad-based momentum across payments and value-added services. Reported net revenues increased 13% year over year on a currency-neutral basis, with currency-neutral net revenue growth of 19% excluding items, supported by a 9% worldwide gross dollar volume (GDV) expansion and a substantial 17% cross-border volume increase. Value-added services and solutions (VAS) net revenue rose 19% year over year, highlighting strength in data analytics, marketing services, fraud prevention, and identity/authentication services, driven in part by ongoing AI-enhancements. The company reaffirmed a long-term growth algorithm focused on core payments, new payment flows, and services, while signaling near-term profitability headwinds from a onetime restructuring charge of approximately $190 million to be recognized in Q3 as part of a broader organizational realignment intended to accelerate growth and unlock capacity for strategic priorities. Mastercard also accelerated share repurchases (roughly $2.6 billion in the quarter, plus $0.82 billion through July 26, 2024) and continued to deploy capital to strategic deals and partnerships, including multi-year agreements in travel and cross-border corridors, Africa-focused expansion, and open banking initiatives. Looking ahead, management guided to net revenue growth at the high end of a low-double-digit range for Q3 2024 (FX headwinds of ~1โ€“2 percentage points) and the full year, with a similar FX impact and a 0โ€“1 percentage point headwind to OpEx growth. The near-term earnings trajectory remains clouded by the restructuring charge, but the long-run margin trajectory remains favorable via positive operating leverage as growth investments scale. Overall, Mastercardโ€™s diversified business model, secular shift to digital payments, and AI-enabled services position the company to benefit from global cross-border growth, digital acceleration in emerging markets, and expanding B2B payments adoption.

Key Performance Indicators

Revenue
Increasing
6.96B
QoQ: 9.66% | YoY: 11.04%
Gross Profit
Increasing
5.35B
76.91% margin
QoQ: 10.76% | YoY: 12.15%
Operating Income
Increasing
4.04B
QoQ: 11.99% | YoY: 10.39%
Net Income
Increasing
3.26B
QoQ: 8.20% | YoY: 14.52%
EPS
Increasing
3.51
QoQ: 8.67% | YoY: 16.61%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 7,250.00 3.59 +14.2% View
Q4 2024 7,489.00 3.64 +14.4% View
Q3 2024 7,369.00 3.53 +12.8% View
Q2 2024 6,961.00 3.50 +11.0% View
Q1 2024 6,348.00 3.22 +10.4% View