Mastercard (NYSE: MA) announced its 2021 Q3 financial results on October 28, 2021. According to the announcement, total revenue was up 30% (YoY, 3 months). In addition, operating income and net income were up 29% and 59%, respectively. Moreover, diluted EPS was up 62%. According to the announcement, growth in cross-border spending has recently returned to pre-pandemic levels.
Looking at the Gross Payment Volume (GPV, USD basis) by region, Latin America had the highest growth of up 38.7%. It was followed by Europe of up 27.5% and Canada of up 23.6% (YoY, 3 months).
Mastercard’s stock price has underperformed the S&P 500 since the beginning of the year. In this regard, we believe that further improvement in the COVID-19 pandemic is necessary for its stock price growth.
Mastercard Incorporated (NYSE: MA) Stock Chart
- Watanabe & Brothers’ Investment is holding shares of Mastercard.
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