Mastercard: Q2 EPS up 31%
(CercleFinance.com) - MasterCard has reported a 29% increase in adjusted net income to 2.
5 billion dollars for Q2 2022, or 2.56 dollars per share (+31%), with the group's adjusted operating margin improving 4.7% to 57.9%.
The payment solutions provider's net revenues rose 21% to 5.5 billion dollars (+27% excluding FX factors), led by a 58% jump in local currency cross-border volumes.
Management said that growing inflationary pressures have continued to significantly affect overall consumer spending, although it will continue to evaluate this with attention.
The share is just positive (+0.3%) in early trading today, while the US markets are pretty bearish so far.
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