- MasterCard (NYSE:MA) reports revenue was 7% higher in Q2 on a constant dollar basis. F/X swings ended up reducing revenue by six percentage points to 1% growth (Visa +11.5% on a roughly overlapping quarter).
- Acquisitions contributed two percentage points to revenue growth.
- Cross-border volume was up 17% during the quarter.
- Gross dollar volume +13% to $1.1T (constant currency).
- Processed transactions +15.6% to 12.0B
- Total operating expenses +11% to $1.139B.
- Operating margin of 52.4% reported on an actual basis and 54.9% on a non-GAAP basis.
- MasterCard's effective tax rate in Q2 was 25.8% vs. 32.25 a year ago due in part to a large repatriation benefit.
- Previously: MasterCard EPS and revenue in-line
- MA -2.27% premarket to $93.29.