Mastercard (MA) Revenue — Quarter Ended Mar 31, 2024
Revenue declined relative to the immediately preceding quarter but remained higher than the same period one year earlier. The sequential decrease reflects a moderation from the growth rates seen in recent quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined relative to the immediately preceding quarter but remained higher than the same period one year earlier. The sequential decrease reflects a moderation from the growth rates seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.1%
Change from the immediately preceding quarter.
Year-over-year
+10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$25.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $6.3B | +14.0% |
| Sep 30, 2023 | $6.5B | +13.5% |
| Dec 31, 2023 | $6.5B | +12.6% |
| Mar 31, 2024 | $6.3B | +10.4% |
Revenue performance
The reported revenue moved lower on a sequential basis, ending a streak of sequential growth observed over the prior three quarters. Despite the quarterly dip, the year-over-year comparison shows continued expansion.
Quarterly comparison
Compared to the preceding quarter, revenue contracted moderately. Versus the same quarter a year ago, revenue posted a solid increase, indicating sustained demand.
What to watch
Monitor whether the sequential decline signals a cyclical shift or a temporary pause against the backdrop of broader economic uncertainties cited in the filing.