Mastercard (NYSE: MA) announced its 2021 Q1 earning results on April 29th, 2021. According to the announcement, its net revenue was up 4%. Meanwhile, operating income was down 1% and net income was up 8%. Due to the COVID-19 pandemic, the cross-border volume is inferred to remain declining. However, Mastercard showed solid growth in its business performance.
Reviewing Gross Dollar Volume (GDV) by region, the United States showed the largest growth of 13.6% (YoY, 3 months, USD). The strong growth of GDV seems to be caused by steady growth of the US economy. This is thanks to economic resumption as around 100 million U.S. citizens are fully vaccinated. This GDV growth was followed by APMEA of up 9.7% and Canada of up 8.6% (YoY, 3 months, USD).
According to some reports, the population receiving at least one dose of COVID-19 vaccine exceeded 20% in Germany and France. The vaccinated population is expected to exceed 30% in these countries by the end of May.
In the U.S., U.K. and Israel, daily new cases of COVID-19 infection has started to decline after the population receiving at least one dose of COVID-19 vaccine exceeded 30%. Now, expectations for economic resumption is growing in the European countries.
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