Mastercard reported strong Q4 2023 earnings, with net revenues up 11% and operating income up 13% on a non-GAAP currency-neutral basis.
The company's deal momentum continued in the quarter, driven by a range of unique products and services designed to meet customer needs.
Mastercard is focused on its strategic priorities, including capturing natural economic growth, accelerating the shift to electronic payments, penetrating new markets, growing market share, and optimizing customer portfolios.
The company is expanding its acceptance locations worldwide, scaling tap-on-phone and cloud commerce capabilities, and driving adoption of advanced payment technologies like Click to Pay, tokenization, and biometrics.
Mastercard has seen success in winning and retaining deals across consumer payments, account-to-account, and new flows, including partnerships with BOK Financial, BPER Banca, Shinhan Card, Starling Bank, J. Crew, Synchrony, and Fiserv Money Network.
Looking ahead to 2024, Mastercard expects net revenues to grow at the high end of a low double-digit rate on a currency-neutral basis, while operating expenses are forecasted to grow at the low end of a low double-digit rate. The company anticipates value-added services and solutions to continue growing at a faster pace than payment network revenue.
Note: No specific mention was made regarding dividends or buybacks in the transcript.
Undervalued by 1.3% based on the discounted cash flow analysis.
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About Mastercard Incorporated
CEO: David Carlucci
Mastercard is a global technology company in the payments industry. Its mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using sec...