April 16, 2024
Mastercard earnings get a boost from travel spending, and CFO says the rebound still has legs

Mastercard earnings get a boost from travel spending, and CFO says the rebound still has legs

Mastercard Inc. topped profit and revenue expectations for its latest quarter, with its chief executive calling out “resilient consumer spending.”

Gross dollar volume was up 15% in the first quarter, while cross-border volume grew 35%. Mastercard MA saw a 12% rise in switched transactions.

Shares of Mastercard were up 1% in Thursday afternoon…

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