Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
25 May 2006Website:
http://www.mastercard.comNext earnings report:
N/ALast dividends:
09 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:59:59 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
MA Latest News
PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard (NYSE: MA) will stream the key part of its Investment Community Meeting on November 13, 2024, starting at 9:00 a.m. ET.
MA's Q3 results show positive growth due to increased cross-border transactions and high demand for additional services, even though operating costs are going up.
Mastercard's earnings for the third quarter showed that people are continuing to spend, and their confidence remains strong due to a stable job market and the Federal Reserve's interest rate cuts in September. CEO Michael Miebach mentioned during a call with analysts, "On Halloween, there’s nothing to worry about."
Mastercard's earnings indicate that the company is increasing its growth compared to Visa in the debit market, which suggests that it is benefiting from gaining market share.
Mastercard Inc (NYSE:MA) exceeded expectations for the third quarter, thanks to strong consumer spending that boosted payment volumes. The company reported a 13% rise in revenue, reaching $7.4 billion, and a 15% increase in earnings, which amounted to $3.89 per share, as announced on Thursday.
Mastercard has introduced a digital assistant powered by generative artificial intelligence (AI) to make the customer onboarding process easier. This is the first tool created by Mastercard's new internal team focused on developing knowledge agent technologies, according to a press release from the company on Tuesday, October 29.
MA's results for the third quarter are expected to improve due to an increase in both cross-border and domestic transactions, as well as a growing need for its enhanced services.
Mastercard is broadening its U.S. Installments program to include all qualifying digital sales locations. This will enable merchants, financial service providers, payment processors, and digital wallets to offer installment plans to consumers using any eligible credit card from participating issuers, according to a press release from the company on Friday, October 25.
MasterCard (MA) has the right mix of factors that could lead to a strong earnings report soon. Be ready for the important expectations.
In the most recent trading session, MasterCard (MA) finished at $515.01, which is a decrease of 0.26% compared to the previous day.
What type of business is Mastercard Incorporated?
Mastercard is a technology company in the global electronic payments industry. In addition to processing payment transactions (including authorization, clearing, and settlement), Mastercard provides a range of additional services: security and protection, information and analytical services, consulting, and data processing. The company's well-known brands include Mastercard, Maestro (a multinational debit card service), Mondex (an electronic cash system), Masterpass (a secure card credentials storage system for Mastercard payments), and Cirrus (an interbank payment system). Mastercard Inc. was registered as a corporation in the state of Delaware in 2001 and operates through its main subsidiary, Mastercard International Incorporated, formed in 1966. The company's headquarters are located in New York, with a global operations center in the state of Missouri.
What sector is Mastercard Incorporated in?
Mastercard Incorporated is in the Financial Services sector
What industry is Mastercard Incorporated in?
Mastercard Incorporated is in the Credit Services industry
What country is Mastercard Incorporated from?
Mastercard Incorporated is headquartered in United States
When did Mastercard Incorporated go public?
Mastercard Incorporated initial public offering (IPO) was on 25 May 2006
What is Mastercard Incorporated website?
https://www.mastercard.com
Is Mastercard Incorporated in the S&P 500?
Yes, Mastercard Incorporated is included in the S&P 500 index
Is Mastercard Incorporated in the NASDAQ 100?
No, Mastercard Incorporated is not included in the NASDAQ 100 index
Is Mastercard Incorporated in the Dow Jones?
No, Mastercard Incorporated is not included in the Dow Jones index
When was Mastercard Incorporated the previous earnings report?
No data
When does Mastercard Incorporated earnings report?
Next earnings report date is not announced yet