Mastercard recorded Double-Digit Growth in 2021 Q2

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. 

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Mastercard.
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  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
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