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Mastercard Incorporated (NYSE: MA) is a multinational financial service company headquartered in Purchase, NY, USA. Mastercard facilitates electronic money transfers around the world through credit cards, debit cards, prepaid cards etc. In this regard, Mastercard provides financial institutes with Mastercard-branded payment systems. Using this payment system, financial institutes issue credit cards, debit cards, prepaid cards etc. However, Mastercard only provides a payment system and does not issue the card itself.
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Mastercard (NYSE: MA) announced its 2021 Q1 earning results on April 29th, 2021. According to the announcement, its net revenue was up 4%. Meanwhile, operating income was down 1% and net income was up 8%. Due to the COVID-19 pandemic, the cross-border volume is inferred to remain declining. However, Mastercard showed solid growth in itsContinue reading “Mastercard announced 2021 Q1 Earning Results on April 29th”
Visa (NYSE: V) and Mastercard (NYSE: MA) announced their earning results on January 28th, 2021. According to Visa’s 2021 Q1 earning results, revenue, operating income and net income showed single-digit decline of 6%, 4% and 4%, respectively (3 months, YoY). Meanwhile, Mastercard’s 2020 Q4 results showed revenue, operating income and net income declined 7%, 14%Continue reading “Cross Border Volume is still deteriorated due to COVID-19 Pandemic”
Mastercard (NYSE: MA) announced 2020 Q3 earning results on October 28th, 2020. According to the announcement, net revenue, operating income, and net income decreased year-over-year mainly due to the decline in consumer spending caused by COVID-19. The decline in consumer spending has not yet recovered to the level before the pandemic. However, these parameters recoveredContinue reading “Mastercard and Visa announced Financial Results on October 28th, 2020”
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