Mastercard Incorporated (NYSE:MA) today announced financial results for the fourth quarter and full year 2023.
Net revenue for the fourth quarter of 2023 amounted to $6.5 billion, an increase of 13%, or 11% on a currency-neutral basis. The increase was attributable to growth in Mastercard’s payment network and its value-added services and solutions.
Payment network net revenue increased 9%, or 7% on a currency-neutral basis. Primary drivers of the increase were as follows:
- Gross dollar volume growth of 10%, on a local currency basis, to $2.4 trillion.
- Cross-border volume growth of 18% on a local currency basis.
- Switched transactions growth of 12%.
Total operating expenses increased 21% from a year earlier….
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