Mastercard Q2 2023 Earnings Report

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

Key Takeaways

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.