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Benzinga
Benzinga
Business
Anusuya Lahiri

Mastercard's Strong Earnings Signal Americans Are Still Spending, Despite Inflation Fears

MA Mastercard Company
mastercard mid

Mastercard (NYSE: MA) reported fiscal third-quarter results on Thursday. The company reported quarterly net revenues of $8.60 billion, up 17% year-over-year and 15% Y/Y on a neutral currency basis, beating the analyst consensus estimate of $8.53 billion.

Adjusted EPS rose 13% Y/Y to $4.38, exceeding the analyst consensus estimate of $4.32. Visa Inc (NYSE:V) reported upbeat quarterly results this week, bearing testimony to resilient consumer spending.  American Express Co (NYSE:AXP) also posted record quarterly revenue, driven by its wealthy customers.

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