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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MasterCard Incorporated | NYSE:MA | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.31 | 0.07% | 462.42 | 464.82 | 460.94 | 462.91 | 1,963,274 | 01:00:00 |
From Apr 2021 to Apr 2024
By Kimberly Chin
Mastercard Inc. logged greater earnings and revenue for the fourth quarter, boosted by strong spending trends.
The Purchase, N.Y.-based credit-card company posted earnings of $2.38 billion, compared with $1.79 billion in the year-ago quarter. Per-share earnings rose to $2.41 from $1.78 a year earlier.
Stripping out one-time items, adjusted earnings were $2.35 a share. Analysts polled by FactSet had forecast adjusted earnings of $2.21 a share.
Revenue was $5.22 billion, up from $4.12 billion in the prior year's period. Analysts were expecting revenue of $5.17 billion.
Gross dollar volume increased 23% to $2.1 trillion. At the end of the quarter, customers had issued 3 billion Mastercard- and Maestro-branded cards, Mastercard said.
Operating expenses rose 16% from the previous year to $2.39 billion.
Last month, Mastercard acquired digital startup Dynamic Yield Ltd. from McDonald's Corp. The financial terms weren't disclosed.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
January 27, 2022 08:34 ET (13:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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