Sector: Financials|Industry: Credit Services|Market Cap: $478.32B|Employees: 33.4K
Mastercard is a global technology company operating in the payments industry, connecting consumers, financial institutions, merchants, and governments through electronic payment solutions. Its primary revenue streams are derived from payment network switching fees and value-added services, such as cybersecurity and data analytics. Mastercard holds a leading market position due to its extensive global network, trusted brand, and advanced technology, serving key markets worldwide.
Mastercard's net revenue reached $25.1B, exceeding expectations with a 13% YoY increase. This growth was driven by increases across both the payment network and value-added services and solutions segments.
Operating expenses increased by 11% YoY, primarily driven by higher personnel costs. This increase in expenses impacted the operating margin, highlighting the need for ongoing cost management.
Net income increased by 13% YoY, reaching $11.2B, demonstrating the company's ability to maintain profitability despite the margin pressure from increased operating expenses.