Mastercard (NYSE: MA) announced its 2021 Q2 financial results on July 29th. As a result, net revenue, operating income and net income were up 36%, 37% and 46%, respectively (YoY, 3 months).
Mastercard had been sluggish since the onset of the COVID-19 pandemic. It was directly due to low consumer spending as well as a drop in cross-border volume. However, the cross-border volume is driving Mastercard’s strong business performance in 2021 Q2. According to the announcement the cross-border volume was up 58% based on the local currency.
When reviewing Gross Dollar Volumes (GDVs) by region, Latin America has the highest growth of up 51.3%. This was followed by up 49.7% of Europe and up 39.4% of Canada (YoY, 3 months, USD). The GDV in the US was up 33.8%.
Watanabe & Brothers’ Investment continuously expects sound growth of Mastercard.
- Watanabe & Brothers’ Investment is holding shares of Mastercard.
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