MASTERCARD INCORPORATED Reports Record Earnings for Q2 2023
August 3, 2023
🌥️Earnings Overview
MASTERCARD INCORPORATED ($NYSE:MA) reported total revenue and net income growth of 14.0% and 24.6%, respectively, for the second quarter ended June 30 2023 compared to the same period of the previous year. Total revenue was USD 6.3 billion and net income hit USD 2.8 billion. The results were released on July 27 2023.
Market Price
On Thursday, MASTERCARD INCORPORATED reported record earnings for the second quarter of 2023. The company’s stock opened the day at $405.2 and closed at $394.5, which was a 2.0% decrease from its last closing price of 402.4. The company attributed the strong financial performance to its initiatives to expand into new markets and enhance its existing services. MASTERCARD INCORPORATED also credited its success to their investments in technology, which enabled them to offer customers innovative payment solutions and increased security when making transactions.
The earnings results exceeded expectations and provided investors with confidence in the company’s ability to remain profitable and grow in the future. The strong performance for the quarter is expected to continue in the coming quarters as MASTERCARD INCORPORATED continues to expand its presence in new markets and remains committed to providing customers with the best possible payment experience. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mastercard Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 23.59k | 10.23k | 44.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mastercard Incorporated. More…
| Operations | Investing | Financing |
| 11.57k | -1.27k | -10.09k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mastercard Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 39k | 33.42k | 5.81 |
Key Ratios Snapshot
Some of the financial key ratios for Mastercard Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 14.9% | 56.1% |
| FCF Margin | ROE | ROA |
| 44.0% | 152.8% | 21.2% |
Analysis
GoodWhale’s financial analysis of MASTERCARD INCORPORATED has revealed that, according to our Star Chart, they have a high health score of 8/10. This signals that the company is in good financial health, with strong cashflows and manageable debt, which enables them to sustain future operations even in times of crisis. We have classified MASTERCARD INCORPORATED as a ‘gorilla’ type of company; one that has achieved stable and high revenue or earning growth due to their strong competitive advantage. This makes it an attractive investment opportunity for those looking for long-term growth, as well as shareholders who prefer regular dividend payments. While MASTERCARD INCORPORATED is strong in dividend, growth, and profitability, their weak point is assets. More…
Peers
Its competitors are Visa Inc, American Express Co, and Sezzle Inc. Mastercard Inc has a market capitalization of $321.4 billion as of May 2020, while Visa Inc has a market capitalization of $514.4 billion, American Express Co has a market capitalization of $108.4 billion, and Sezzle Inc has a market capitalization of $1.4 billion.
– Visa Inc ($NYSE:V)
Visa Inc is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners, and government entities to fast, secure, and reliable electronic payments.
Visa’s market cap is $428.33B as of 2022 and its ROE is 32.85%. The company operates in approximately 200 countries and has over 3.5B Visa-branded cards in circulation.
– American Express Co ($NYSE:AXP)
American Express Company is a diversified financial services company. It is engaged in a range of businesses, including charge and credit card issuing, merchant acquiring, travel-related services, and other financial services. The company’s principal products and services are charge and credit card products and services, travel-related services, and other financial services. The company has a market cap of 109.75B as of 2022 and a return on equity of 26.55%.
– Sezzle Inc ($ASX:SZL)
Sezzle Inc is a financial technology company that offers a buy now, pay later solution for online and in-store shoppers. The company has a market cap of 114.35M as of 2022 and a return on equity of -269.5%. Sezzle Inc’s main competitors are Afterpay Ltd and Zip Co Ltd.
Summary
Investors should take a closer look at Mastercard Incorporated after the company reported their second quarter financial results for FY2023. Total revenue increased by 14.0% to USD 6.3 billion and net income rose by 24.6% to USD 2.8 billion, compared to the same period in the prior year. The strong results demonstrate that the company is performing well and may provide further upside potential for investors. In addition, Mastercard has a robust global infrastructure that supports its payment network, and is well-positioned to capitalize on the growth of digital payments.
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