NYSE$MA

Mastercard · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Mastercard's first quarter net income and diluted earnings per share (EPS) were reported.

Mastercard reported strong revenue and earnings growth in Q1 2023, driven by resilient consumer spending and the recovery of cross-border travel. The company's net revenue increased by 11%, reaching $5.7 billion, while net income was $2.4 billion, and diluted EPS was $2.47.

  • First quarter net revenue of $5.7 billion, an increase of 11%, or 14% on a currency-neutral basis.
  • First quarter net income of $2.4 billion, and diluted earnings per share (EPS) of $2.47.
  • First quarter adjusted net income of $2.7 billion, and adjusted diluted EPS of $2.80.
  • First quarter gross dollar volume up 15% and purchase volume up 17%, on a local currency basis.

Headline financials

Total Revenue

$5.75B

Previous: $5.17B+11.2%
EPS (adj)

$2.80

Previous: $2.76+1.4%
Cross-Border Volume

35.0%

Previous: 53.0%-34.0%
Switched Transactions

12.0%

Previous: 22.0%-45.5%
Capital Expenditures

-$110M

Previous: -$146M+24.7%
Free Cash Flow

$2.25B

Previous: $2.49B-9.4%
Net Income

$2.36B

Previous: $2.63B-10.3%
Operating Income

$3.14B

Previous: $2.95B+6.3%
Gross Profit

$5.75B

Previous: $5.17B+11.2%
Cash & Equivalents

$6.57B

Previous: $6.88B-4.6%
Total Assets

$38.9B

Previous: $37.2B+4.8%
Stock-Based Comp

$108M

Previous: $74M+45.9%

Revenue & EPS history

Mastercard · Revenue · Quarterly

$5.75B

Q1 2023+11.2%vs Q1 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.8%

Avg return

30 days after

62%

45 / 73 earnings

Positive

+11.0%

Q4 2021

Best reaction

-7.5%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-5.4%-5.9%
Q4 2025+3.5%+5.6%-0.8%
Q3 2025-0.1%-0.3%-0.7%
Q2 2025+1.3%+1.2%+6.5%
Q1 2025-0.3%+2.0%+6.8%
Q4 2024+3.1%+1.9%+5.0%
Q3 2024-1.1%-1.6%+3.7%
Q2 2024+3.3%-1.2%+8.0%
Q1 2024-2.2%-0.4%-0.9%
Q4 2023+3.5%+2.6%+7.1%
Q3 2023-5.8%-2.6%+6.8%
Q2 2023-2.3%-1.3%+0.1%
Q1 2023+3.6%+2.5%+2.1%
Q4 2022-2.2%-3.1%-7.7%
Q3 2022+3.1%+4.3%+9.9%
Q2 2022+3.1%+1.7%-3.3%
Q1 2022+0.5%-1.0%-1.0%
Q4 2021+11.0%+13.8%+7.1%
Q3 2021-0.1%-2.2%-3.4%
Q2 2021+0.7%-4.1%-7.2%
Q1 2021-3.4%-5.0%-8.9%
Q4 2020+0.3%+6.0%+12.2%
Q3 2020-7.5%-8.6%+6.9%
Q2 2020-0.2%+1.6%+18.4%
Q1 2020+3.9%+1.8%+13.7%
Q4 2019+1.3%+1.3%-9.4%
Q3 2019+0.4%+1.1%+5.7%
Q2 2019-3.3%-4.3%-0.0%
Q1 2019+0.7%+0.3%+2.9%
Q4 2018+4.8%+5.8%+11.4%
Q3 2018+3.5%+3.5%+2.9%
Q2 2018-5.2%-7.5%-2.2%
Q1 2018+3.5%+4.9%+8.4%
Q4 2017+0.9%+0.2%+3.6%
Q3 2017-0.0%+0.2%+1.0%
Q2 2017-2.4%-1.1%+1.3%
Q1 2017+0.8%+1.0%+6.0%
Q4 2016-3.9%-2.5%+1.9%
Q3 2016+3.3%+0.4%+2.1%
Q2 2016+1.6%+1.6%+2.9%
Q1 2016-1.4%
Q4 2015+6.2%
Q3 2015-1.1%
Q2 2015+3.4%
Q1 2015-0.0%
Q4 2014+2.0%
Q3 2014+10.2%
Q2 2014-1.2%
Q1 2014+0.3%
Q4 2013-7.3%
Q3 2013+1.6%
Q2 2013+7.5%
Q1 2013-1.3%
Q4 2012+0.5%
Q3 2012+3.5%
Q2 2012-3.0%
Q1 2012-3.0%
Q2 2011+0.8%
Q4 2011+0.8%
Q3 2011+9.7%
Q1 2011+2.6%
Q4 2010+1.1%
Q3 2010+5.4%
Q2 2010+1.4%
Q1 2009-5.1%
Q1 2010+0.6%
Q2 2009-1.0%
Q4 2009-1.0%
Q4 2007-1.0%
Q3 2009+1.1%
Q3 2008+1.1%
Q2 2008+3.4%
Q4 2008+3.4%

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