Ultima Markets[Market Hotspot] Economy hinders consumption, and Mastercard profits soar...

In the fourth quarter of last year, Mastercard (MA.US) Performance better than expected, adjusted earnings per share growth20%, reaching 3.18 US dollars, revenue also increases 12.5%, arrived at 65.5 USD100mn The company continues the steady growth of the previous quarter. Active consumer spending, strong cross-border transaction volume, wider payment networks, and value-added services all contribute to the beautiful performance of Mastercard. Nevertheless, the increase in operating costs has indeed consumed some of the profits.

(Mastercard4Q23profit)

Mastercard Announcement 2023 Annual income as high as 251 Billions of dollars, profits come in112 100 million US dollars, converted to earnings per share 11.83 USD.

Looking ahead, Mastercard expects 2024 The net income for the first quarter of the year will grow at a lower double-digit rate, and it is expected that operating expenses will slightly increase compared to the previous year. Management estimate2024The annual net income will be higher than2023 Of251 There was a slight double-digit increase of one billion US dollars.

In addition, the operating costs are2023 Of111 Slight single digit climb above the billion dollar level. The optimistic outlook reflects the positive development trajectory of Mastercard, which is not hindered by macroeconomic challenges.

(Half year chart of Mastercard stock price performance)

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