Mastercard Q1 Revenue Surges to $6.5B Amidst Rising Expenses
Ticker: MA · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z
Sentiment: bullish
Topics: earnings, revenue-growth, expenses
TL;DR
MA revenue up to $6.5B, expenses also up. Still printing cash.
AI Summary
Mastercard Inc. reported its first quarter 2024 results, with net revenue reaching $6.5 billion, an increase from $5.7 billion in the same period last year. The company's operating expenses also rose to $3.2 billion from $2.7 billion year-over-year. As of March 31, 2024, Mastercard had total assets of $70.3 billion.
Why It Matters
Mastercard's revenue growth indicates continued strength in payment processing, while the increase in expenses suggests investments in growth or operational costs that could impact future profitability.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $6.5B — Net Revenue (Q1 2024 revenue, showing growth from Q1 2023.)
- $3.2B — Operating Expenses (Q1 2024 expenses, indicating increased operational costs.)
- $70.3B — Total Assets (As of March 31, 2024, reflecting the company's financial position.)
Key Players & Entities
- Mastercard Inc. (company) — Filer of the 10-Q report
- $6.5 billion (dollar_amount) — Net revenue for the first quarter of 2024
- $5.7 billion (dollar_amount) — Net revenue for the first quarter of 2023
- $3.2 billion (dollar_amount) — Operating expenses for the first quarter of 2024
- $2.7 billion (dollar_amount) — Operating expenses for the first quarter of 2023
- $70.3 billion (dollar_amount) — Total assets as of March 31, 2024
- 2000 PURCHASE STREET, PURCHASE, NY 10577 (location) — Mastercard's business and mailing address
FAQ
What was Mastercard's net revenue for the first quarter of 2024?
Mastercard's net revenue for the first quarter of 2024 was $6.5 billion.
How did operating expenses change in Q1 2024 compared to Q1 2023?
Operating expenses increased to $3.2 billion in Q1 2024 from $2.7 billion in Q1 2023.
What was the total asset value of Mastercard as of March 31, 2024?
As of March 31, 2024, Mastercard's total assets were $70.3 billion.
What is Mastercard's fiscal year end?
Mastercard's fiscal year ends on December 31.
What is the company's primary SIC code?
Mastercard's primary SIC code is 7389, categorized under SERVICES-BUSINESS SERVICES, NEC.
From the Filing
0001141391-24-000087.txt : 20240501 0001141391-24-000087.hdr.sgml : 20240501 20240501102238 ACCESSION NUMBER: 0001141391-24-000087 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 93 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Inc CENTRAL INDEX KEY: 0001141391 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134172551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32877 FILM NUMBER: 24900802 BUSINESS ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142492000 MAIL ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MASTERCARD INC DATE OF NAME CHANGE: 20010525 10-Q 1 ma-20240331.htm 10-Q ma-20240331 0001141391 12/31 2024 Q1 FALSE http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense http://fasb.org/us-gaap/2023#GeneralAndAdministrativeExpense 334 15,724 393 8,676 275 27,084 201 42,248 309 20,764 3,199 0001141391 2024-01-01 2024-03-31 0001141391 us-gaap:CommonClassAMember 2024-01-01 2024-03-31 0001141391 ma:TwoPointOnePercentNotesDue2027Member 2024-01-01 2024-03-31 0001141391 ma:A1NotesDue2029Member 2024-01-01 2024-03-31 0001141391 ma:TwoPointFivePercentNotesDue2030Member 2024-01-01 2024-03-31 0001141391 us-gaap:CommonClassAMember 2024-04-26 xbrli:shares 0001141391 us-gaap:CommonClassBMember 2024-04-26 iso4217:USD 0001141391 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001141391 2024-03-31 0001141391 2023-12-31 0001141391 us-gaap:CommonClassAMember 2023-12-31 0001141391 us-gaap:CommonClassAMember 2024-03-31 0001141391 us-gaap:CommonClassBMember 2024-03-31 0001141391 us-gaap:CommonClassBMember 2023-12-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-12-31 0001141391 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001141391 us-gaap:TreasuryStockCommonMember 2023-12-31 0001141391 us-gaap:RetainedEarningsMember 2023-12-31 0001141391 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001141391 us-gaap:ParentMember 2023-12-31 0001141391 us-gaap:NoncontrollingInterestMember 2023-12-31 0001141391 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001141391 us-gaap:ParentMember 2024-01-01 2024-03-31 0001141391 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001141391 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001141391 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001141391 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-03-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-03-31 0001141391 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001141391 us-gaap:TreasuryStockCommonMember 2024-03-31 0001141391 us-gaap:RetainedEarningsMember 2024-03-31 0001141391 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001141391 us-gaap:ParentMember 2024-03-31 0001141391 us-gaap:NoncontrollingInterestMember 2024-03-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001141391 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-12-31 0001141391 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001141391 us-gaap:TreasuryStockCommonMember 2022-12-31 0001141391 us-gaap:RetainedEarningsMember 2022-12-31 0001141391 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001141391 us-gaap:ParentMember 2022-12-31 0001141391 us-gaap:NoncontrollingInterestMember 2022-12-31 0001141391 2022-12-31 0001141391 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001141391 us-gaap:ParentMember 2023-01-01 2023-03-31 0001141391 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31