Mastercard Inc. announced on Thursday that its net revenue for the fourth quarter of fiscal 2024 amounted to $7.5 billion, jumping 14% compared to the same period a year prior. Operating income rose 17% to $3.9 billion, with an operating margin of 52.6%. Net income surged by 20% on a yearly basis, reaching $3.3 billion, with the diluted earnings per share (EPS) growing 23% to $3.64.
For the full fiscal year 2024, Mastercard reported net revenue of $28.2 billion, 12% higher than in 2023. Net income stood at $12.9 billion, climbing by 15% year-on-year, while the diluted EPS improved by 17% to $13.89.
"Our diverse capabilities in payments and services and solutions – including the acquisition of Recorded Future this quarter – set us apart and position us well for long term growth," CEO Michael Miebach noted. Mastercard's stock rose by 1.94% during premarket trading following the release of the report.
