Mastercard Incorporated (MA), a leading provider of payment processing products and services, delivered outstanding financial results for the first quarter of 2024. The company reported a double-digit year-over-year growth in net revenue to $6.35 billion. That also beat the analyst expectations of $6.34 billion.
Furthermore, Mastercard posted a first-quarter adjusted EPS of $3.31, surpassing the analysts’ estimate of $3.24. Also, during the quarter, the company repurchased 4.4 million shares at a cost of $2 billion and paid around $6.6 million in dividends. It reflects MA’s commitment to return capital to shareholders.
