Financials
Credit Services
$478.32B
33.4K
Key insights and themes extracted from this filing
Q2 2024 net revenue reached $6.961 billion, representing an 11% year-over-year increase. This growth outpaced expectations and was driven by strong performance across both payment networks and value-added services and solutions.
Operating expenses rose by 12% YoY to $2.925 billion in Q2 2024. While revenue growth was positive, the increase in operating expenses compressed operating margins compared to the same period in 2023.
Diluted earnings per share increased by 17% YoY to $3.50 in Q2 2024. This demonstrates improved profitability despite the rise in operating expenses.