Mastercard profit beats expectations on resilient consumer spending
From Yahoo Finance: 2025-05-01 08:11:00
Mastercard exceeded first-quarter profit expectations despite economic uncertainty from President Trump’s tariffs. CEO Miebach highlighted the company’s resilient business model. Cross-border travel growth remains strong, but some markets show moderation. Revenue growth from value-added services diversified the business model. Earnings per share beat analysts’ estimates at $3.73. Revenue increased 17% to $7.25 billion. Mastercard shares fell 0.4% in morning trading.
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