Mastercard continued to show Double-Digit Growth in 2023 Q1

Mastercard (NYSE: MA) announced its 2023 Q1 financial results on April 27, 2023. According to the announcement, net revenue was up 11% (YoY, 3 months). In addition, operating income was up 18%, but net income was down 10%.

Looking at trends of Gross Dollar Volume (GDV), Latin America continued to grow the most, up 20% (USD, YoY, 3 months). This is followed by up 17% of Europe. APMEA had the slowest growth, up 2%. It was followed by the U.S., up 9%.

Net cash provided by operating activities resulted in a cash inflow of 1,919 million USD, up 8% (YoY, 3 months). Free cash flow was up 2% with a cash inflow of 1,522 million USD.

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Mastercard is still showing double-digit growth. However, its growth rate has slowed down since 2022 Q2. We have to see whether the company could improve it’s business performance since the end of COVID-19 public health emergency. 

Mastercard Incorporated (NYSE: MA) Stock Chart

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