Mastercard Q2 net revenue hits $7bn, net income $3.3bn, predicted 11% annual revenue increase by 2024.

Mastercard's Q2 net revenue reached $7bn with a net income of $3.3bn, driven by high margins and growth potential from a global economy, war on cash, and increasing card adoption. Research predicts an 11% annual revenue increase in 2024, accelerating to 12% in 2025, with earnings per share projected to rise by 21% in 2024 and 16% in 2025. Despite a PEG ratio of 1.6, Mastercard's stock is considered a buy due to strong growth and benefits from the post-cash age.

August 17, 2024
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