NYSE$MA

Mastercard · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Mastercard reported strong revenue and earnings growth driven by resilient consumer spending, particularly in travel and experiences, and strength in services.

Mastercard's Q2 2023 financial results showed strong growth in revenue and earnings, supported by resilient consumer spending and strength in services. Net revenue increased by 14%, and diluted EPS reached $3.00.

  • Net income for the second quarter was $2.8 billion, with diluted earnings per share (EPS) of $3.00.
  • Adjusted net income for the second quarter was $2.7 billion, with adjusted diluted EPS of $2.89.
  • Net revenue for the second quarter reached $6.3 billion, a 14% increase, or 15% on a currency-neutral basis.
  • Gross dollar volume was up 12% and purchase volume was up 14% in the second quarter, on a local currency basis.

Headline financials

Total Revenue

$6.27B

Previous: $5.5B+14.0%
EPS (adj)

$2.89

Previous: $2.56+12.9%
Gross Dollar Volume

12.0%

Previous: 14.0%-14.3%
Capital Expenditures

-$190M

Previous: -$201M+5.5%
Free Cash Flow

$2.66B

Previous: $2.07B+28.0%
Net Income

$2.85B

Previous: $2.28B+25.1%
Operating Income

$3.66B

Previous: $3.02B+21.1%
Gross Profit

$6.27B

Previous: $5.5B+14.0%
Cash & Equivalents

$6.17B

Previous: $5.92B+4.2%
Total Assets

$39B

Previous: $36.2B+7.7%
Stock-Based Comp

$135M

Previous: $101M+33.7%

Revenue & EPS history

Mastercard · Revenue · Quarterly

$6.27B

Q2 2023+14%vs Q2 2022
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

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 Q2 2023

Historical avgQ2 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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