Mastercard Inc. (MA-NYSE, $130.99) Revenue Growth of 13% in Q2, 2107 Looks to be Accelerating.

Net income rose 20% in the quarter ended June 30th, 2017. EPS was $1.10 per share and EBITDA margins touched 57%.

http://s2.q4cdn.com/242125233/files/doc_financials/2017/2Q-17-Earnings-Release.pdf

http://s2.q4cdn.com/242125233/files/doc_presentations/2017/2Q17-MA-Earnings-Presentation.pdf

Visa reported higher growth rates. It must be noted that Visa’s results were buoyed by the inclusion of Visa Europe. MasterCard’s growth rates, in contrast, were simply reflective of strong organic growth rates in the regions that MasterCard operates. Europe and the rest of the world reported sharply higher growth in transactions in the quarter (up 9.6&) than the United States (up 6.5%). With 68.4% of all transactions in MasterCard’s interchange system taking place outside of the United States, the revenue mix for MA is considerably more global, than that of Visa.

The currency tailwinds noted in an earlier post look quite clear at this point.

http://s2.q4cdn.com/242125233/files/doc_financials/supplemental/2017/2Q17-MA-Supplemental-Operational-Performance-Data.pdf

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