Mastercard Inc.
Mastercard Announces Third Quarter 2024 Financial Results
Summary
Mastercard Incorporated reported its financial results for the third quarter of 2024, showing a net revenue of $7.4 billion, an increase of 13%, or 14% on a currency-neutral basis. Diluted earnings per share (EPS) were $3.53, up from $3.39 in the same period last year. The company also disclosed adjusted net income of $3.6 billion and adjusted diluted EPS of $3.89. Mastercard repurchased 6.3 million shares and paid $611 million in dividends during the quarter. The company will host a conference call on November 1, 2024, to discuss these results.
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About Mastercard Inc.
Mastercard Inc. is a global technology company in the financial industry, renowned for its vast payment processing network. Its primary function is to facilitate electronic payments between consumers, merchants, financial institutions, governments, and businesses worldwide. Mastercard operates an extensive network that supports credit, debit, and prepaid card transactions in numerous currencies, emphasizing ease and security. The company is pivotal across multiple sectors, from retail and travel to e-commerce and fintech, where it provides innovative solutions to streamline financial transactions. Mastercard's role in the financial market is significant due to its extensive reach and commitment to innovation, including advancements in contactless payments, cybersecurity, and artificial intelligence services. With a mission to connect and power an inclusive digital economy for everyone, Mastercard plays a crucial role in furthering electronic payments' accessibility and efficiency globally. Based in New York, Mastercard has partnered with a range of financial entities, ensuring wide-reaching influence in the digital payment landscape.
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