Mastercard’s profit surged by 11% in the fourth quarter, propelled by robust consumer spending during the holiday season amid a resilient labor market and diminished recession concerns.
– Mastercard’s Q4 adjusted EPS outperformed estimates at $3.18 compared to the expected $3.08.
– Reported EPS for the same period is $2.97.
– Net revenue reached $6.55 billion, slightly exceeding the estimated $6.5 billion.
– Operating margin is 51.5%, falling short of the expected 55.9%.
– Cross-border volumes increased by 18%, meeting the estimated 18.3%.
– Purchase volume is $1.92 trillion, surpassing the estimated $1.92 trillion, with a growth rate of 11%, slightly above the estimated 10.6%.
– Gross Dollar Volume is $2.35 trillion, slightly below the estimated $2.36 trillion.
– Operating expenses are $3.18 billion, exceeding the estimated $2.91 billion.
