Mastercard said it reported net revenue of $6,348 million for Q1 2024, up 10%, or 11% on a currency-neutral basis, with net income of $3,011 million and diluted earnings per share of $3.22.

1. 01

   Mastercard said it reported net revenue of $6,348 million for Q1 2024, up 10%, or 11% on a currency-neutral basis, with net income of $3,011 million and diluted earnings per share of $3.22.

2. 02

   The company said adjusted net income for Q1 2024 was $3,093 million, and adjusted diluted earnings per share was $3.31. It attributed the $126 million in pre-tax litigation provisions excluded from the adjusted results mainly to litigation related to surcharges under the ATM non-discrimination rule.

3. 03

   The company said gross dollar volume for Q1 2024 rose 10% on a local currency basis to $2.3 trillion. It also said cross-border volume grew 18% on a local currency basis, and switched transactions increased 13%.

4. 04

   Mastercard said it repurchased 4.4 million shares for $2.0 billion in Q1 2024 and paid dividends of $616 million. It said it had repurchased 1.7 million shares for $815 million through April 26, and that $11.3 billion remained under its approved share repurchase programs.

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

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

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