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Mastercard on the wave of growth in the world of payments

Juillet, 31 2024
watermark Economic news

Mastercard Inc., the world's largest credit card company, has posted impressive financial results for the first half of 2024. 


The company's net profit increased by 20.4% year-on-year, reaching $6.269 billion, and diluted earnings per share increased by 22.8% to $6.72. Total revenue for January-June amounted to $13.309 billion, which is 10.8% more than last year. 


Positive trends continued in the second quarter: net income increased by 14.5% to $3.258 billion, and diluted earnings per share increased by 16.7% to $3.5. Revenue for this period amounted to $6.961 billion, exceeding analysts' forecasts, which expected $6.85 billion. 


Mastercard's success, according to the company's CEO Michael Mibach, is due to healthy consumer spending, steady growth in cross-border payments and demand for additional services of the company. 


Mastercard shares rose 3% in preliminary trading in the United States, indicating investor confidence in the company's future. As of June 30, 2024, Mastercard Inc. has issued 3.4 billion Mastercard and Maestro cards.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.