MasterCard: Q3 earnings up 13%

(CercleFinance.com) - MasterCard has reported an 11% increase in adjusted net profit to 2.
6 billion dollars for Q3 2022, or 2.68 dollars per share (+13%), with an adjusted operating margin edging up one point to 57.7%.

The payment solutions provider's net revenues rose 15% to 5.8 billion dollars (+23% excluding currency effects), which was led by a 44% jump in local currency cross-border volumes.

Noting that consumer spending remains resilient, while cross-border travel continues to recover, management added that it needs to continue to monitor the impacts of high inflation and other macroeconomic and geopolitical risks.


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