The earnings call presented a strong financial performance with notable growth in net revenues, cross-border volumes, and value-added services. Strategic acquisitions and expansions in digital acceptance were highlighted. However, upcoming tax rate increases and challenges in China were noted as concerns.

Company Guidance

During Mastercard's third quarter 2024 earnings call, the company reported a 14% increase in net revenues and a 13% increase in adjusted net income compared to the previous year, all on a non-GAAP currency-neutral basis. These strong results were supported by a 17% year-over-year growth in cross-border volumes and a 19% increase in Value-Added Services & Solutions net revenue. Operating expenses grew by 12%, while operating income rose by 15%. In terms of payment metrics, gross dollar volume (GDV) increased by 10%, with the U.S. seeing a 7% rise and international markets experiencing a 12% increase. Switched transactions grew by 11%, and Mastercard's card growth stood at 6%, with 3.4 billion Mastercard and Maestro-branded cards issued globally. Mastercard also highlighted its strategic initiatives, including the acquisition of Recorded Future and Minna Technologies, and its focus on expanding acceptance, especially in digital and contactless payments. For the upcoming fourth quarter, Mastercard anticipates net revenue growth in the low teens range, driven by continued consumer spending and demand for its services.

Strong Financial Performance

Net revenues were up 14% year-over-year, and adjusted net income increased by 13% on a non-GAAP currency-neutral basis. EPS was $3.89, reflecting a 16% increase primarily due to strong operating income growth.

Cross-Border Volume Growth

Cross-border volumes increased by 17% globally, indicating strong growth in both travel and non-travel related spending.

Value-Added Services Growth

Value-Added Services & Solutions net revenue grew by 19% year-over-year, driven by strong demand for consulting, marketing services, and identity and authentication solutions.

Strategic Acquisitions

Announcement of planned acquisitions of Recorded Future and Minna Technologies to enhance threat intelligence capabilities and subscription management services.

Expansion of Digital Acceptance

Mastercard's Tap-on-Phone is now live in over 110 markets, with locations almost doubling since the beginning of the year.

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Mastercard (MA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 29, 2025	2024 (Q4)	3.70 / -	3.18	―	―	―
Oct 31, 2024	2024 (Q3)	3.74 / 3.89	3.39	14.75% (+0.50)
Jul 31, 2024	2024 (Q2)	3.51 / 3.59	2.89	24.22% (+0.70)
May 01, 2024	2024 (Q1)	3.25 / 3.31	2.8	18.21% (+0.51)
Jan 31, 2024	2023 (Q4)	3.08 / 3.18	2.65	20.00% (+0.53)
Oct 26, 2023	2023 (Q3)	3.21 / 3.39	2.68	26.49% (+0.71)
Jul 27, 2023	2023 (Q2)	2.83 / 2.89	2.56	12.89% (+0.33)
Apr 27, 2023	2023 (Q1)	2.72 / 2.80	2.76	1.45% (+0.04)
Jan 26, 2023	2022 (Q4)	2.58 / 2.65	2.35	12.77% (+0.30)
Oct 27, 2022	2022 (Q3)	2.58 / 2.68	2.37	13.08% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$513.69	$499.59	-2.74%
Jul 31, 2024	$446.86	$463.09	+3.63%
May 01, 2024	$449.93	$440.83	-2.02%
Jan 31, 2024	$443.33	$447.35	+0.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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