MA Earnings: Mastercard earnings in the second quarter of 2022, revenues exceed estimates

Mastercard Incorporated (NYSE: MA) reported higher earnings and revenue for the second quarter of 2022. Results also beat analysts’ estimates. Shares of the credit card giant rose early Thursday shortly after the announcement.

Adjusted earnings excluding special items climbed to $2.56 per share in the June quarter from $1.95 per share a year earlier and beat analyst estimates. Second quarter unadjusted net income increased to $2.3 billion or $2.34 per share from $2.1 billion or $2.08 per share in the same period of 2021.

At $5.5 billion, net revenue was up 21% year-over-year and well above consensus forecasts. Gross volume in dollars increased by 14% and purchase volume increased by 18%, in local currency.

Check this space to read management/analyst comments on Mastercard Q2 2022 results

“Rising inflationary pressures have not yet had a significant impact on overall consumer spending, but we will continue to monitor this closely. We have a well-diversified business model and the demonstrated ability to generate strong operating margins throughout bull and bear cycles,” said Michael Miebach, CEO of Mastercard.

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