Mastercard Posts Q2 Earnings Beat, Reaffirms FY23 Guidance
Portfolio Pulse from Lekha Gupta
Mastercard Inc reported Q2 2023 net revenues of $6.27 billion, beating the consensus of $6.17 billion. The company saw growth in gross dollar volume, cross-border volume, and switched transactions. Adjusted EPS rose 13% Y/Y to $2.89, exceeding the consensus of $2.83. The company also repurchased shares worth $2.4 billion and paid $541 million in dividends. For 2023, the company reaffirmed the outlook for net revenue to grow in low-teens and adjusted operating expense to grow in the low-end of low-double-digits.

July 27, 2023 | 3:46 pm
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Mastercard's Q2 2023 earnings beat estimates, with strong growth in revenues and EPS. The company also reaffirmed its FY23 guidance, indicating confidence in its future performance.
Mastercard's Q2 2023 earnings beat estimates, indicating strong performance. The company's reaffirmation of its FY23 guidance suggests confidence in its future performance, which is likely to positively impact its stock price in the short term.
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RELEVANCE 100