Mastercard (NYSE: MA) announced its 2022 Q2 financial results on July 28, 2022. According to the announcement, net revenue, operating income and net income were up 21%, up 29% and up 10%, respectively (YoY, 3 months). In this regard, net cash provided by operating activities was up 14% (YoY, 6 months). In addition, free cash flow was 3,427 million USD (6 months). Moreover, FCF margin recorded 32%.
As for GDV (Gross Dollar Volume) growth by region, Latin America recorded the highest growth of up 35% (YoY, 3 months). It was followed by Canada of up 19.2%. Meanwhile, GDV growth in Europe recorded the lowest growth of up 2%.
As you can see, the recovery speed after opening of borders becomes relatively slowed down. However, Mastercard is still recording double-digit growth in its net revenue. Thus, we expect that solid growth of Mastercard will continue. Accordingly, Watanabe and Brothers’ Investment will continue to invest in Mastercard.
- Watanabe & Brothers’ Investment is holding shares of Mastercard.
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