Mastercard Inc. (NYSE: MA) stock gained on Thursday after it reported fiscal fourth-quarter results.
The company reported quarterly net revenues of $8.81 billion, up 18% year-over-year and 15% Y/Y on a neutral currency basis, beating the analyst consensus estimate of $8.79 billion.
Adjusted EPS rose 25% Y/Y to $4.76, exceeding the analyst consensus estimate of $4.25.
The Gross dollar volume increased by 7% in local currency, reaching $2.8 trillion. Cross-border volume rose by 14% on a local currency basis.
Segment Performance
Mastercard’s payment network net revenue rose 12% year-over-year on reported and 9% on a currency-neutral basis, led by growth in gross dollar volume (+7% Y/Y), cross-border volume (+14% Y/Y), and switched transactions (+10% Y/Y).
Value-added services and solutions net revenue rose 26% and 22% on a currency-neutral basis. This includes a 3 percentage point increase from acquisitions.
The remaining increase was driven primarily by growth …