Mastercard Incorporated (NYSE: MA) announced 2022 Q1 financial results on April 28, 2022. According to the announcement, net revenue, operating income and net income were up 24%, 34% and 44%, respectively (GAAP, YoY, 3 months).
Looking by region, gross dollar volume (GDV) shows the highest growth in Latin America of up 32% (USD, YoY, 3 months). It was followed by Canada of up 20% and the United States of up 14%.
In addition to the opening of borders after COVID-19 pandemic, rising consumer prices under an inflationary environment seems to be contributing to the increase of Mastercard’s earnings. Accordingly, Watanabe & Brothers’ Investment expects sustainable growth of Mastercard, and we will continue to invest in the company.
- Watanabe & Brothers’ Investment is holding shares of Mastercard.
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