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Mastercard generated revenue of $6.27 billion in the second quarter, higher than the expectations for sales of $6.18 billion. Profit per share was $2.89, also better than what analysts were expecting.
The company’s operating margin came in at 58.3% while analysts were looking for a 30 basis points lower print. Cross-border volumes soared 24% year-over-year while purchase volume was up 14%.
“Our positive momentum continued this quarter. We delivered strong revenue and earnings growth supported by resilient consumer spending, particularly in travel and experiences, and the continued strength in services. Cross-border travel volume showed strong growth again this quarter, reaching 154%1 of pre-pandemic levels,” said Michael Miebach, Mastercard CEO.
“We had a number of notable wins with key customers as our innovative products and differentiated services position us as a partner of choice.”
