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Here's What Key Metrics Tell Us About MasterCard (MA) Q3 Earnings
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For the quarter ended September 2023, MasterCard (MA - Free Report) reported revenue of $6.53 billion, up 13.5% over the same period last year. EPS came in at $3.39, compared to $2.68 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.53 billion, representing a surprise of +0.08%. The company delivered an EPS surprise of +5.61%, with the consensus EPS estimate being $3.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MasterCard performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Switched transactions: 37,155 million versus the four-analyst average estimate of 37,133 million.
Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Latin America: $192 billion versus the three-analyst average estimate of $178.57 billion.
Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Europe: $758 billion versus $766.47 billion estimated by three analysts on average.
Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Canada: $66 billion compared to the $69.28 billion average estimate based on three analysts.
Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - APMEA: $569 billion versus $590.46 billion estimated by three analysts on average.
Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Worldwide less United States: $1,586 billion versus the three-analyst average estimate of $1,604.78 billion.
Revenue- Transaction processing assessments: $3.17 billion versus the eight-analyst average estimate of $3.23 billion. The reported number represents a year-over-year change of -3.5%.
Net revenue by category- Value-added services and solutions: $2.32 billion compared to the $2.30 billion average estimate based on eight analysts.
Revenue- Cross-border assessments: $2.31 billion versus the eight-analyst average estimate of $2.18 billion. The reported number represents a year-over-year change of +28.3%.
Revenue- Domestic assessments: $2.46 billion versus $2.51 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
Net revenue by category- Payment network: $4.21 billion versus the seven-analyst average estimate of $4.22 billion.
Revenue- Other network assessments: $229 million versus $238.77 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -87.5% change.
Shares of MasterCard have returned -2.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About MasterCard (MA) Q3 Earnings
For the quarter ended September 2023, MasterCard (MA - Free Report) reported revenue of $6.53 billion, up 13.5% over the same period last year. EPS came in at $3.39, compared to $2.68 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.53 billion, representing a surprise of +0.08%. The company delivered an EPS surprise of +5.61%, with the consensus EPS estimate being $3.21.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MasterCard performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Switched transactions: 37,155 million versus the four-analyst average estimate of 37,133 million.
- Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Latin America: $192 billion versus the three-analyst average estimate of $178.57 billion.
- Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Europe: $758 billion versus $766.47 billion estimated by three analysts on average.
- Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Canada: $66 billion compared to the $69.28 billion average estimate based on three analysts.
- Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - APMEA: $569 billion versus $590.46 billion estimated by three analysts on average.
- Gross dollar volume - All Mastercard Credit, Charge and Debit Programs - Worldwide less United States: $1,586 billion versus the three-analyst average estimate of $1,604.78 billion.
- Revenue- Transaction processing assessments: $3.17 billion versus the eight-analyst average estimate of $3.23 billion. The reported number represents a year-over-year change of -3.5%.
- Net revenue by category- Value-added services and solutions: $2.32 billion compared to the $2.30 billion average estimate based on eight analysts.
- Revenue- Cross-border assessments: $2.31 billion versus the eight-analyst average estimate of $2.18 billion. The reported number represents a year-over-year change of +28.3%.
- Revenue- Domestic assessments: $2.46 billion versus $2.51 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.
- Net revenue by category- Payment network: $4.21 billion versus the seven-analyst average estimate of $4.22 billion.
- Revenue- Other network assessments: $229 million versus $238.77 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -87.5% change.
View all Key Company Metrics for MasterCard here>>>Shares of MasterCard have returned -2.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.