1/26, 2:02 PM (Source: TeleTrader)
more TeleTrader news

Mastercard's Q4 revenue up 12% to $5.8B

Mastercard Inc. posted its fourth-quarter 2022 net revenue of $5.8 billion on Thursday, up 12% from the same quarter in 2021. Operating income rose 13% to $3.2 billion, with an operating margin of 54.7%. Net income increased 6% on a yearly basis, reaching $2.5 billion, with the diluted earnings per share (EPS) growing 9% to $2.62.

For the full fiscal year 2022, Mastercard reported net revenue of $22.2 billion, 18% higher than in 2021. Net income came to $9.9 billion, up 14% year-on-year, while the EPS improved 17% to $10.22. "As we look at the broader economy, we see the continued recovery of cross-border travel, with volumes up 59%1 versus a year ago and we’re encouraged by Asia opening up further. While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient," CEO Michael Miebach said.

Mastercard's shares fell 1.41% in premarket trade.

Baha Breaking News (BBN) / DJ