Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MASTERCARD

(MA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mastercard : 2Q Revenue Falls, Hurt by Covid-19 Pandemic

07/30/2020 | 08:40am EDT

By Allison Prang

 

Mastercard Inc.'s revenue in the second quarter tumbled as the Covid-19 pandemic continued to weigh on business, the company reported Thursday.

Mastercard said its revenue fell 19% from a year earlier, to $3.34 billion. The company's top line beat the consensus estimate from Wall Street of $3.25 billion, according to FactSet.

The revenue drop was in part from a slump in gross-dollar volume, or the value of card transactions, which fell 10% on a local currency basis. Also leading to the decline in revenue was a downturn in cross-border volume, which slid 45% on a local currency basis, and switched transactions, which fell 10%.

The company reported earnings of $1.42 billion, or $1.41 a share, for the quarter ended in June. Those earnings declined from $2.05 billion, or $2 a share, a year ago.

Adjusted earnings were $1.36 a share. Wall Street expected $1.16 a share, according to FactSet.

For the quarter, the company recorded a $22 million litigation provision. Those charges were related to fees and litigation settlements with merchants in the U.K. and Pan-Europe, Mastercard said.

 

Write to Allison Prang at allison.prang@wsj.com

 

All news about MASTERCARD
12:16pMASTERCARDá : Island Pay Group installs Mastercard debit card kiosks in The Baha..
AQ
06/16MASTERCARDá : African Entrepreneur Collective in Partnership with the Mastercard..
AQ
06/16MASTERCARDá : Coalition of Leading Small Business Providers Forms “Launchp..
BU
06/11Analysis - Frequent run-ins with India government cloud U.S. tech expansion p..
RE
06/10MASTERCARDá : 2021 Proxy Supplement
PU
06/10BACK-TO-SCHOOL SALES AT DEPARTMENT S : report
RE
06/10MASTERCARDá : Alcineo SAS Achieves Mastercard« MCL Tap on Phone Accreditation
AQ
06/10Back-to-school sales at U.S. department stores projected to jump 25% - report
RE
06/10MASTERCARDá : Back-to-School U.S. Retail Sales Expected to Grow 5.5%* Compared t..
PU
06/09MASTERCARDá : Focuses on Digital Identity Innovation with Close of Ekata Acquisi..
BU
More news
Financials (USD)
Sales 2021 18 401 M - -
Net income 2021 7 812 M - -
Net Debt 2021 4 911 M - -
P/E ratio 2021 46,2x
Yield 2021 0,44%
Capitalization 361 B 361 B -
EV / Sales 2021 19,9x
EV / Sales 2022 16,5x
Nbr of Employees 21 000
Free-Float 62,1%
Chart MASTERCARD
Duration : Period :
MasterCard Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MASTERCARD
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Average target price 424,85 $
Last Close Price 363,82 $
Spread / Highest target 26,4%
Spread / Average Target 16,8%
Spread / Lowest Target -12,0%
EPS Revisions
Managers and Directors
NameTitle
Michael E. Miebach President, Chief Executive Officer & Director
Sachin J. Mehra Chief Financial Officer
Ajaypal S. Banga Executive Chairman
Edward McLaughlin President-Operations & Technology
Timothy H. Murphy Chief Administrative Officer
Sector and Competitors
1st jan.Capitalization (M$)
MASTERCARD1.93%360 563
VISA4.97%489 689
PAYPAL HOLDINGS, INC.14.78%315 790
PALO ALTO NETWORKS, INC.2.28%35 402
NUVEI CORPORATION12.19%10 477
AVAST PLC-9.64%7 055