.July 31, 2024 5:55 PM

MasterCard (NYSE:MA) shares jumped over 3% after reporting impressive fiscal Q2 results. Earnings per share (EPS) came in at $3.59, beating estimates of $3.51, with revenue hitting $7 billion, an 11% increase from last year. Operating margin was slightly below projections at 58%. Cross-border volumes rose 17%, surpassing expectations, while purchase volume fell short at $1.97 trillion. Gross Dollar Volume was $2.40 trillion, missing estimates. CEO Michael Miebach praised the company’s strong performance, highlighting the value of digital transactions and services for customers.