Mastercard’s Record-Breaking Quarter Bodes Well For Rest of Year

Mastercard (NYSE: MA) reported earnings after the market closed on May 2, 2018, and it was a record-breaking quarter for the payment processor:

  • Record net revenue of $3.6 billion, up from $2.7 billion (31% increase year-over-year)
  • Record net income rose to $1.5 billion, up from $1.1 billion (38% increase YOY)
  • Diluted earnings of $1.41 per share, up from $1.00 per share (41% increase YOY)

If you’ll recall from a few weeks ago (and from my earnings reports on Visa (NYSE: V) and PayPal Holdings (Nasdaq: PYPL), Mastercard is part of my “War on Cash” basket with those companies and Square (NYSE: SQ). Similar to last week, shares were boosted slightly again with these results from Mastercard and Square (which I covered here), and the “War on Cash” thesis seems to be strong for at least another quarter. Continue reading “Mastercard’s Record-Breaking Quarter Bodes Well For Rest of Year”