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HomeMarketMastercard Stock Rises as Earnings Show 'Remarkably Resilient' Consumers

Mastercard Stock Rises as Earnings Show ‘Remarkably Resilient’ Consumers

Mastercard said consumer spending has been “remarkably resilient.”

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Lionel Ng/Bloomberg

reported earnings that exceeded analysts’ expectations on Thursday, boosting shares of the credit card giant.

The stock traded up 0.6% at $384.48 in premarket trading.
‘s earnings per share were $2.65, ahead of the consensus estimate of $2.57. Net revenue rose to $5.8 billion in the fourth quarter, an increase of 17% on a currency-neutral basis.

Mastercard (ticker: MA), which has a stronger presence in Asia than rival
(V), was buoyed by increased travel as China started to open up from three years of Covid-19 lockdowns. Still, the company said the outlook is unclear after the Federal Reserve’s most aggressive campaign of interest-rate increases in a generation.

“While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient,” said Michael Miebach, Mastercard CEO in a statement. “We are well prepared to adjust our investment profile quickly if needed.”

Write to Brian Swint at


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