Mastercard share price: Mastercard stocks soar over 3 per cent after net revenue beats Wall Street expectations
skyrocketed on Thursday morning after the payments giant surpassed Wall Street estimates for second-quarter profit, driven by strong consumer spending on travel and leisure.
Mastercard share price
rose 3.08 per cent or 17.24 points to $576.35. A mix of higher inflation, interest rate pressures and tariff uncertainty has done little to slow American travelers and shoppers so far, offering a boost to payments firms and big banks alike in the first half of 2025.
Payments firms are closely tied to everyday consumer behavior, and most transactions - whether for groceries, fuel, or fewer discretionary items - still flow through the same cards and platforms, helping sustain volume, despite some shoppers paring back on non-essential spending.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Others
Product Management
Healthcare
CXO
others
Operations Management
Degree
Finance
Data Analytics
Data Science
Public Policy
healthcare
Project Management
Technology
Design Thinking
Digital Marketing
MBA
Cybersecurity
Artificial Intelligence
Management
Leadership
MCA
Data Science
PGDM
Skills you'll gain:
Duration:
16 Weeks
Indian School of Business
CERT-ISB Transforming HR with Analytics & AI India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
9 months
IIM Lucknow
SEPO - IIML CHRO India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
7 Months
S P Jain Institute of Management and Research
CERT-SPJIMR Exec Cert Prog in AI for Biz India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
28 Weeks
MICA
CERT-MICA SBMPR Async India
Starts on
undefined
Get Details
Gross dollar volume - the total value of transactions processed on Mastercard's platform - rose 9 per cent in the quarter.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas Prices In Dubai Might Be More Affordable Than You Think
Villas In Dubai | Search Ads
Get Quote
Undo
Cross-border volume, which tracks spending on cards outside their country of issue, jumped 15 per cent, pointing to still strong consumer appetite for travel and leisure.
The company wrapped up the earnings season for Wall Street's biggest payments processors. Rival Visa posted market-beating results earlier this week, while American Express also managed to surpass Wall Street's expectations.
Live Events
Though analysts caution the momentum may not last if elevated interest rates and rising prices from tariffs begin to strain household budgets, that pressure has yet to show up.
In recent years, Mastercard has also diversified its business by expanding into value-added services such as threat intelligence and fraud prevention. Revenue from these services rose 22 per cent on a currency-neutral basis in the quarter.
It posted an adjusted profit of $4.15 per share for the three months ended June 30. That compares with Wall Street estimates of $4.03 per share, according to data compiled by LSEG.
Mastercard's net revenue jumped 17 per cent on a reported basis to $8.1 billion. It beat estimates of $7.97 billion.
FAQs
Q1. What is Mastercard's net revenue?
A1. Mastercard's net revenue jumped 17 per cent on a reported basis to $8.1 billion. It beat estimates of $7.97 billion.
Q2. What was Mastercard's adjusted profit?
A2. Mastercard posted an adjusted profit of $4.15 per share for the three months ended June 30. That compares with Wall Street estimates of $4.03 per share, according to data compiled by LSEG.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
24 minutes ago
- New Indian Express
Corporation for Public Broadcasting to shut down after being defunded by Congress, targeted by Trump
WASHINGTON: The Corporation for Public Broadcasting, a cornerstone of American culture for three generations, announced Friday it would take steps toward its own closure after being defunded by Congress — marking the end of a nearly six-decade era in which it fueled the production of renowned educational programming, cultural content and even emergency alerts. The demise of the corporation, known as CPB, is a direct result of President Donald Trump's targeting of public media, which he has repeatedly said is spreading political and cultural views antithetical to those the United States should be espousing. The closure is expected to have a profound impact on the journalistic and cultural landscape — in particular, public radio and TV stations in small communities across the United States. CPB helps fund both PBS and NPR, but most of its funding is distributed to more than 1,500 local public radio and television stations around the country. The corporation also has deep ties to much of the nation's most familiar programming, from NPR's "All Things Considered" to, historically, "Sesame Street," "Mister Rogers' Neighborhood" and the documentaries of Ken Burns. The corporation said its end, 58 years after being signed into law by President Lyndon B. Johnson, would come in an "orderly wind-down." In a statement, it said the decision came after the passage through Congress of a package that clawed back its funding for the next two budget years — about $1.1 billion. Then, the Senate Appropriations Committee reinforced that policy change Thursday by excluding funding for the corporation for the first time in more than 50 years as part of a broader spending bill. "Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations," said Patricia Harrison, the corporation's president and CEO.
Time of India
37 minutes ago
- Time of India
US has 'makings of a deal' with China, Trump aide says
U.S. Treasury Secretary Scott Bessent said on Friday that he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward. "This week's negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations," Bessent said in a post on X that was subsequently deleted. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Project Management Data Science MBA others Management Product Management Digital Marketing Public Policy healthcare Operations Management MCA Leadership Finance Cybersecurity Artificial Intelligence Data Analytics Design Thinking Degree Data Science PGDM CXO Others Technology Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details "I am optimistic about the path forward," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Nassau (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo A Treasury Department spokesperson said the post was being reposted because the images attached to it had not uploaded correctly. The spokesperson also noted that the language in the post was in line with what Bessent had said in various media interviews this week. In an interview with CNBC on Thursday, Bessent said the United States believes it has the makings of a trade deal with China, but it is "not 100% done." Live Events U.S. negotiators "pushed back quite a bit" over two days of trade talks with the Chinese in Stockholm this week, Bessent told CNBC. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end escalating tit-for-tat tariffs and a cut-off of rare earth minerals .
Time of India
38 minutes ago
- Time of India
US Army helicopter in deadly Washington crash had technical issues
An investigative hearing into a deadly mid-air collision of a US Army helicopter and a passenger plane that killed 67 people in Washington has revealed a discrepancy in the chopper's altitude displays. The National Transportation Safety Board (NTSB), the US agency tasked with examining major accidents, held hearings from Wednesday to Friday, with rigorous questioning of experts and various other parties including regulators and air traffic controllers. Explore courses from Top Institutes in Please select course: Select a Course Category CXO Operations Management Degree Leadership Project Management Others healthcare Artificial Intelligence MBA Data Analytics MCA Data Science Technology Healthcare Design Thinking Cybersecurity Digital Marketing Public Policy others Product Management PGDM Management Finance Data Science Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details There were no survivors in the January 29 mid-air collision involving the Sikorsky Black Hawk military helicopter and a Bombardier CRJ700 operated by a subsidiary of American Airlines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Female Athletes in the World Click Here Undo The passenger plane from Wichita, Kansas was coming in to land at Reagan National Airport -- just a few miles from the White House -- when the Army helicopter on a training flight collided with it. After examining flight recorder data, the NTSB first reported a discrepancy in the helicopter's altitude readings on February 14. Live Events As part of the investigation, tests were conducted with three of the same helicopter models -- Sikorsky Black Hawk Lima -- belonging to the same battalion. The findings revealed this week showed differences between the altitude indicated by the radar altimeter and the barometric altimeter on the aircraft. Investigator Marie Moler noted that the altimeters "showed an 80- to 130-foot (24- to 40-meter) difference in flight" although the differences were within 20 to 55 feet in a controlled test environment. "Once the helicopter rotors were turning and producing lift and thrust, the altimeter readings lowered significantly and stayed lower throughout the flights," Moler said. NTSB chair Jennifer Homendy called the discrepancy significant, calling for more investigation. "I am concerned. There is a possibility that what the crew saw was very different than what the true altitude was," Homendy said. "A 100-foot difference is significant" in this case, she added. In the Potomac River area where the collision occurred, helicopters are required to stay below 200 feet, officials said during the hearings. President Donald Trump was quick to blame diversity hiring policies for the accident although no evidence has emerged that they were responsible. Federal Aviation Agency air traffic control specialist Clark Allen told the hearing there was sufficient supervisory staff present in the control tower that night. The collision was the first major plane crash in the United States since 2009 when 49 people were killed near Buffalo, New York.
