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AI English summary of an SEC filing — figures as filed

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Mastercard said net revenue for Q4 2023 rose to $6.5 billion, up 13% (11% on a currency-neutral basis), and that net income was $2.8 billion and diluted EPS was $2.97.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Mastercard said net revenue for Q4 2023 rose to $6.5 billion, up 13% (11% on a currency-neutral basis), and that net income was $2.8 billion and diluted EPS was $2.97.

  2. Mastercard said full-year 2023 net revenue rose 13% to $25.1 billion, with net income of $11.2 billion, diluted EPS of $11.83 and an operating margin of 55.8%.

  3. The company said adjusted net income, which excludes $308 million in litigation provisions for Q4 as a special item, was $3.0 billion, and adjusted diluted EPS was $3.18. Its adjusted operating margin was 56.2%.

  4. Mastercard said it repurchased 23.8 million shares for $9.0 billion in 2023 and paid $2.2 billion in dividends, and that $13.6 billion remained under its approved share repurchase programs as of January 26.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q4 2023 Net Revenue and Net Income

Mastercard said net revenue for Q4 2023 rose to $6.5 billion, up 13% (11% on a currency-neutral basis), and that net income was $2.8 billion and diluted EPS was $2.97.

Source · Based on the filing body and exhibits

2023 Full-Year Results

Mastercard said full-year 2023 net revenue rose 13% to $25.1 billion, with net income of $11.2 billion, diluted EPS of $11.83 and an operating margin of 55.8%.

Source · Based on the filing body and exhibits

Q4 Litigation Provisions and Adjusted Net Income

The company said adjusted net income, which excludes $308 million in litigation provisions for Q4 as a special item, was $3.0 billion, and adjusted diluted EPS was $3.18. Its adjusted operating margin was 56.2%.

Source · Based on the filing body and exhibits

2023 Shareholder Returns

Mastercard said it repurchased 23.8 million shares for $9.0 billion in 2023 and paid $2.2 billion in dividends, and that $13.6 billion remained under its approved share repurchase programs as of January 26.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.