Earnings Release
mcsymbol1.jpg
 
Mastercard Incorporated Reports
Fourth-Quarter and Full-Year 2019 Financial Results

Fourth-quarter net income of $2.1 billion, or diluted earnings per share (EPS) of $2.07
Fourth-quarter adjusted net income of $2.0 billion, or adjusted diluted EPS of $1.96
Fourth-quarter net revenue of $4.4 billion, an increase of 16%, or 17% on a currency-neutral basis
Fourth-quarter gross dollar volume up 12% and purchase volume up 13%
Purchase, NY - January 29, 2020 - Mastercard Incorporated (NYSE: MA) today announced financial results for the fourth-quarter and full-year 2019.
“We closed out 2019 on a strong note, with broad-based growth driven by solid execution of our strategy and leveraging our differentiated services offerings,” said Ajay Banga, Mastercard president and CEO. “Our focus on the customer and delivering against their goals continues to drive core growth. With recent acquisitions helping to round out our multi-rail strategy and capabilities in key areas, such as digital, cyber and analytics, we are well positioned for the future.”
Quarterly Results
Fourth-Quarter Operating Results

 
Increase / (decrease)
 
Q4 2019
Key Business Drivers
(YoY growth)
$ in billions, except per share data

 
Q4 2019
 
Q4 2018
 
Reported GAAP
 
Currency-neutral
 
Net revenue
 
$4.4
 
$3.8
 
16%
 
17%
 
Operating expenses
 
$2.0
 
$2.6
 
(22)%
 
(21)%
 
 
 
Operating income
 
$2.4
 
$1.2
 
94%
 
96%
 
icon_macard.jpg
Gross dollar volume
Operating margin
 
54.4%
 
32.4%
 
21.9 ppt
 
21.9 ppt
 
(local currency basis)
Effective income tax rate
 
15.1%
 
26.0%
 
(10.9) ppt
 
(10.8) ppt
 
up 12%
Net income
 
$2.1
 
$0.9
 
134%
 
136%
 
 
Diluted EPS
 
$2.07
 
$0.87
 
138%
 
141%
 
 
 
 
 
 
 
 
 
 
 
 
 
icon_crossbordera02.jpg
Cross-border volume3
Key Fourth-Quarter Non-GAAP Results 1
 
Increase / (decrease)
 
(local currency basis)
$ in billions, except per share data

 
Q4 2019
 
Q4 2018
 
As adjusted
 
Currency-neutral
 
up 16%
Net revenue
 
$4.4
 
$3.8
 
16%
 
17%
 
 
Adjusted operating expenses
 
$2.0
 
$1.8
 
11%
 
12%
 
 
 
Adjusted operating margin
 
54.4%
 
52.3%
 
2.1 ppt
 
2.3 ppt
 
icon_switchedtransactionsa01.jpg
Switched transactions3
Adj. effective income tax rate 2
 
15.9%
 
18.3%
 
(2.4) ppt
 
(2.2) ppt
 
Adjusted net income 2
 
$2.0
 
$1.6
 
23%
 
25%
 
up 19%
Adjusted diluted EPS 2
 
$1.96
 
$1.55
 
26%
 
28%
 
 
1.  The Key Fourth-Quarter Non-GAAP Results exclude the impact of gains and losses on the company’s equity investments, special items as described on page 10 (“Fourth-Quarter Special Items”) and/or currency. See page 10 for the company’s non-GAAP adjustments and the reconciliation to GAAP reported amounts.
2.  For 2019 Mastercard updated its non-GAAP methodology to exclude the impact of gains and losses on the company’s equity investments. Prior year periods were not restated, as the impact of the change was de minimis.
3.  Growth rates normalized to eliminate the effects of differing switching and carryover days between periods. Carryover days are those where transactions and volumes from days where the company does not clear and settle are processed.


The following information was filed by Mastercard Inc (MA) on Wednesday, January 29, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Mastercard Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Mastercard Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account