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Mastercard Says Consumer Spending Is Healthy, Clocks 10% Revenue Growth In Q1

Mastercard Inc. (NYSE: MA) reported fiscal first-quarter net revenues of $6.35 billion, up 10% year over year and 11% year over year on a neutral currency basis, beating the consensus of $6.34 billion. Adjusted EPS rose 18% year over year to $3.31, exceeding the consensus of $3.24. Payment network net revenue rose 7% Y/Y (+8% Y/Y on a currency-neutral basis), led by growth in gross dollar volume (+10% Y/Y), cross-border volume (+18% Y/Y) and switched transactions (+13% Y/Y).  Also Read: Mastercard's Latest Virtual Card App Move to Boost Contactless Payments; Analyst Eyes Substantial Growth Citing Advanced Security and Digital Innovations Value-added services and solutions net revenue rose 16% and 15% on ...