Mastercard said it reported net revenue of $7.0 billion for Q2 2024, up 11%, or 13% on a currency-neutral basis, along with net income of $3.3 billion and diluted earnings per share of $3.50. Adjusted net income was $3.3 billion, and adjusted diluted EPS was $3.59.

1. 01

   Mastercard said it reported net revenue of $7.0 billion for Q2 2024, up 11%, or 13% on a currency-neutral basis, along with net income of $3.3 billion and diluted earnings per share of $3.50. Adjusted net income was $3.3 billion, and adjusted diluted EPS was $3.59.

2. 02

   The company said net revenue from its payment network rose 7% (9% on a currency-neutral basis) and net revenue from value-added services and solutions rose 18% (19% on a currency-neutral basis) in Q2. Gross dollar volume grew 9% on a local currency basis to $2.4 trillion.

3. 03

   Mastercard said operating expenses for Q2 rose 12% to $2.9 billion, citing higher general and administrative expenses and litigation provisions as the main drivers. The effective tax rate was 17.3%, compared with 23.2% a year earlier.

4. 04

   The company said it repurchased 5.8 million shares for $2.6 billion in Q2 2024 and paid $615 million in dividends. For the first half, it repurchased 10.2 million shares for $4.6 billion and paid $1.2 billion in dividends, on a cumulative basis.

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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