Mastercard reported Thursday its earnings for the fourth quarter ending December 31, 2021 of $2.3 billion, or $2.35 per share, a 27% increase from the previous year, on revenue of $5.2 billion.
The company beat analyst expectations, which had estimated that Q4 earnings per share would come in at $2.19.
Revenue for the full year is also up 23% to $18.9 billion. Mastercard CEO Michael Miebach said in the press release that the increase in revenue is due in part to an increase in consumer cross-border spending, which the company reports is now above pre-pandemic levels.
Full-year EPS was reported at $8.40, up 31% from $6.43 per share, on revenue of $18.9 billion. “We are optimistic about the coming year as consumers, businesses and governments have become more adaptable to the changing environment,” Miebach said in the press release.
The company revealed cross-border spending was up 53% over the previous year, a significant jump from pandemic levels, showing consumer travel is up. The company also reported that new acquisitions contributed to a 9% increase in revenue.
Miebach said the company is optimistic as the new year begins. “We are executing on our strategic priorities and making good progress in scaling new products, strengthening partner relationships and winning new deals,” he said.
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