mastercard q2 earnings 2020

Foreign exchange is expected to be about a 1 ppt headwind to net revenue for each of the third and fourth quarters and will have a minimal impact to operating expenses over these same time periods. In addition, we have engaged with governments in over 100 data analytics, cybersecurity and disbursement programs in over 30 markets around the world since the crisis began. Digital commerce continuously requires more advanced cyber solutions. So just to come back in a big way, I think you're right. Your next question comes from the line of Ashwin Shirvaikar with Citi. And we will continue to monitor the situation closely and adapt quickly as circumstances change. Over the years, our growth in Europe has been both due to our share growth and the flips and wins that we've been having and telling you about, but also due to the natural change, not just by the way from large global competitors, but even from domestic schemes by European country where their ability to keep pace with innovation and the things that issuers wanted have hamstrung them. We expect that progressing through the normalization phase and ultimately move to the growth phase, essentially bringing us back to pre-COVID days, is very much dependent upon turning the tide on infection which you've seen in Europe, in Asia and the United States Northeast, but also is ultimately tied to the broad availability of a vaccine and proven therapeutics. And we continue to win deals across all our core products. So the good thing is we have a business that benefits from the trend from cash to contactless and cards, and we will continue to drive that as hard as a digital partner. July 30, 2020. Yes, no, fully agree. Now on Finicity. Listen to webcast. So open banking is in the end all about putting control into the hands of a consumer to use their data, in this case, the data in their bank accounts to get access to better financial services, just generally benefit from the data. We will see whether it gets traction, but we intend to participate. Most of our solutions, other than RiskRecon, are generally network delivered. The crisis got us engaged on test and learn at a much greater scale than before, and that leads into conversations in more in the BAU realm of our business around payments with our customers. As we established last quarter, given the ongoing uncertainty, we will not be providing a forward view for net revenues for either the third quarter or the year at this time. Synchrony Financial (SYF) Q2 2020 Earnings Call Transcript SYF earnings call for the period ending June 30, 2020. On your question on rebates and incentives, it's really a function of we go into a quarter, we think about what our expectations on rebates and incentives based on what new and renewed deals we might be entering into. So that's the whole principle. What I can tell you is we're seeing a little bit bump-up in terms of our debit growth rates in the second quarter driven by the stimulus programs. Mastercard last released its earnings data on October 28th, 2020. As the shift to a digital economy accelerates, the demand for open banking services will increase further. The acquisition in open banking, that area obviously has been getting a lot of attention. Those sales cycles take longer. Mastercard Inc. MA is set to release second-quarter 2020 earnings on Jul 30, before market open. Mastercard Incorporated Reports Second-Quarter 2020 Financial Results Second-quarter net income of $1.4 billion, or diluted earnings per share (EPS) of $1.41 Second-quarter adjusted net income of $1.4 … Through the events we've watched unfold in the United States and elsewhere over the last several weeks, our society is facing the difficult truth that there is a long way to go to ensure that the fundamental human rights of all people are equally respected. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. MasterCard shares have added about 3.6% since the beginning of the year versus the S&P 500's gain of 0.9%. Outside of the U.S., volume declined by 12%. It raises the bar for our industry to do so in vain that is seen as value-added to their local countries and their local businesses. Let's conquer your financial goals together...faster. Globally, there are 2.6 billion Mastercard and Maestro-branded cards issued. Cross-border payments and international expansion are planned for 2021. However, the bottom line declined 26% year over year. Do you think that's sustainable even beyond the pandemic as well? For years, we here in Mastercard have championed inclusion. We want to prevent fraud to start with. So our cyber solutions are going to benefit from that in the long run. And finally, our services capabilities provided key elements of differentiation to help us win several deals this quarter. MasterCard (MA - Free Report) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.15 per share.This compares to earnings of $1.89 per share a year ago. As you rightly said, we talked about it earlier, we see fraud rates increasing, more transaction happening digitally. Good morning and thanks for taking my question. Good morning Bryan. We have seen that in places like Japan and potentially in the Southern United States, where we are monitoring for the effects of the reintroduction of social distancing restrictions. So I wanted to ask a couple of questions. That's what Ethoca does for us. This reflects sequentially higher A&M spend primarily due to increased sponsorship activity and digital campaigns. Tien-Tsin Huang -- J.P. Morgan -- Analyst. Yes. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. And our view is we welcome it, and we look forward to the opportunity to participate in it. So look, I can't tell you where it's going to go. That will be our starting point in North America to assume that trusted role between fintechs and banks. Now you're going to hear lots of that from Michael. Key trends include a preference for contactless, the rapid adoption of e-commerce and increased aversion to cash, a merchant requirement to omnichannel acceptance and a need to automate B2B payments. So you do see an expense-based reduction in totality. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Listen to webcast. The consensus EPS Estimate is $1.18 … Talking about cross-border, earlier this week, we announced the partnership with the Bank of Shanghai to allow customers of Mastercard's Cross-Border Services which is inclusive of our acquisition of Transfast and Mastercard Send, to send international B2B payments into China with less friction and more certainty. So like I said, we do expect that there will be an uptick in our rebates and incentives as a percentage of gross in the third quarter on account of new deals which we expect to occur in the third quarter. This compares to earnings of $1.89 … The consensus EPS Estimate is $1.18 (-37.6% Y In Europe, our open banking connect, protect and resolve solutions which we launched last year, continue to gain traction. Our test and learn stuff works almost like a hook. This includes a 4 ppt increase related to acquisitions. Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a second-quarter … Yeah. We have extended that pledge, as you know, to 1 billion people by 2025 including 50 million micro and small businesses and 25 million women entrepreneurs. Don’t Sit This Out. Please go ahead. Yes. I'd love to hear your thoughts on why -- how much of it is secular versus stimulus? Now let's turn to Page 6 for highlights on a few of the revenue line items again described on a currency-neutral basis unless otherwise noted. When it comes to data quality, one of the important things that matters for fintechs and banks alike as well as consumers is that the data quality of what is being shared here is at the highest point. But I think I haven't seen a big change in the selling cycle with issuers per se. If you look at the orange line, card-present spend continues to improve. Mastercard Inc.’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%.However, the bottom line declined 26% year over year. Ahead of this earnings release, the estimate revisions trend for MasterCard was mixed. View this Presentation PDF Format Download (opens in new window) PDF 372 KB Listen to this Presentation Audio Format Download … Let's go open banking first. We looked at Finicity here, as I laid out earlier, a good fit for us. Just the spread between U.S. credit and debit growth, it looks like it was even wider for you than Visa. The 2 ppt difference is primarily driven by favorable mix. When you dig a little more into the detail, you see a company that has very strong relationships with U.S. banks. And tokens can do many things. And with that, I will turn the call back over to Warren to begin the Q&A session. Mastercard Earnings Estimates: Analysts expect Mastercard earnings per share to plunge 39% to $1.15, according to Zacks Investment Research. Visa earnings topped fiscal Q2 results late Thursday, after Mastercard earnings topped Q1 forecasts on Wednesday. (RTTNews) - Mastercard Incorporated (MA) released a profit for second quarter that declined from the same period last year. And then here in North America, there's a market that grew up in a different way, not driven by regulatory pushes in Europe, but basically, incumbents are there. Your line is now open. We feel very good about how we have managed this company and delivered -- very fully compliant, Durbin-compliant approaches. So on your question on margins, you're right, our expenses did come in lower than what our expectations were. And then what are you most excited about? Best Credit Cards; Best Bank Account ... (ORCL) Q2 2021 Earnings Call Transcript ORCL earnings call for the period ending September 30, 2020. We expect the deal to close by the end of the year and believe that the combination of Finicity and our internally developed solutions will provide us with a differentiated set of capabilities. I have a broad regulatory question. Yes. Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a … Mastercard (NYSE: MA) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. So you know what, we have been, since this whole pandemic started, basically locked up together for the last four and a half months here in purchase. And I think that's what's going on inside our expenses. Meanwhile, I can think about this question in the back of my mind. Craig Maurer -- Autonomous Research -- Analyst. And the reality is it's going to be nonlinear. Although we did not complete any share repurchases in the second quarter, we have recently reinitiated our share repurchase program. We're very comfortable in our close connections, both with Wirecard and the regulators in Europe, that consumer deposits have been appropriately ring-fenced. Mastercard Inc (NYSE:MA) – Equities researchers at SunTrust Banks raised their Q2 2020 earnings per share (EPS) estimates for Mastercard in a research note issued to investors on Wednesday, May 13th. Net income fell to $1.4 billion, or $1.41 per share, in the second quarter ended June 30, from $2 billion, or $2 per share, a year earlier. But for once, they -- what they do is, because it's a onetime token, this -- a compromise transaction cannot be used by anybody for anything else. Our service lines continue to perform very well, and we are in a very strong position to take advantage of the accelerating digital shift and address the significant opportunities that lie ahead. Hi Michael. We are differentiating our Click to Pay offering through an additional layer of security enabled by new data, AI and machine learning technology and through push provisioning of consumer enrollment through banks like Citi which will help to speed up and ease consumer adoption. I don't know when, but I think those are things to keep your eye on as well. Listen to "Q2 2020 Mastercard Inc Earnings Call". Our Mastercard installment solution has been available marketwide for several years. We see it. So it's kind of a combination of that that come into our system. Q2 2020 Mastercard Inc. Earnings Conference Call. So there's no surprise there. These figures are adjusted for non-recurring items. So that's what I would say where we are on that. Out of our world of loyalty services, our pay with rewards API, that would be something that we seek to deploy to the fintechs that are participating in the open banking ecosystem. MasterCard Incorporated Q2 2020 Earnings Conference Jul 30, 2020 • 09:00 am ET. The 7 ppt difference is mainly driven by an increase in the proportionate share of intra-Europe cross-border which is relatively low-yielding compared to other cross-border activity. We embrace it. As we can see, a lot of the events which Mastercard sponsors didn't necessarily come to fruition because of the pandemic in the second quarter. Thank you and good morning. But I'm just curious if you guys are seeing a meaningful divergence in trends in states that are seeing a spike in the viruses versus not? The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. So that's all fantastic. We renewed key consumer partnerships with Preferred Bank in the U.S., Abu Dhabi Commercial Bank in UAE, Santander in Mexico and a credit renewal with the Bank of China. April 30, 2020 02:00 PM PT. And here, Finicity is clearly a leader. Information about the factors that could affect future performance are summarized at the end of our earnings release and in our recent SEC filings. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Just interested to know was there -- because expense growth had looked like it was controlled more than you guys anticipated. Thanks guys. Your line is now open. We do intend however to continue to provide periodic updates to our operating metrics to help you understand the trends we are seeing. Thanks, Ajay. Moving on to Page 7. I just wonder, any color on how you feel like you'll stylistically be different than Ajay? I'm going to wrap up with a few closing thoughts. We continue to have strong partners like Bank of America, and our Ethoca Digital Receipts product has been enabled at more than 80 new merchants over the last few months. More than 10,000 merchants have been enabled in the U.S., and preparations for global expansion are under way. ... to decline at a low-single digit rate in Q2 versus a year ago. Good to hear your voices. Thank you Casey, and good morning everyone. Card-no-present which is the yellow line on the chart, has been more resilient and has held up well. MasterCard Inc (MA) Q1 2020 Earnings Call Transcript ... MasterCard Inc Q1 2020 Earnings Call Apr 29, 2020, 9:00 a.m. One point to note: while the week ending July 21 shows slightly lower growth metrics relative to the prior week, I would not make too much of it since growth in that week is being impacted by the timing of significant e-com merchant promotional activity from a year ago. Enter up to 25 symbols separated by spaces. On the commercial side, we signed a deal with PNC in the U.S. and established a partnership with Virgin Money in the U.K. The scaling for the network-delivered stuff is good. And so we're staying very close to the situation and making sure that we're working with them and with other parties to minimize any impacts on the wider ecosystem. ET. It appears Europe's economy is recovering faster than others at this stage which could bode well for us given our strong position in Europe. That is part of what's driving the secular change in our favor. Your next question comes from the line of Tien-Tsin Huang with JP Morgan. I don't have a lot more to say there, but that continues to be under way and we're moving forward. I continue to believe that this industry of payments, as it becomes more and more important and interesting to governments around the world, as they all take on cash and they try and move their economies to digital, I think you should expect attention from governments, opinion leaders, regulators, legislators around the world to the industry. So in terms of Nets, you mentioned that, we continue to work through the regulatory approval process for that transaction. Let's discuss what we've seen through the first three weeks of July, where we continue to see improvement in spending levels relative to June and the second quarter. And then my follow-up really relates to Europe which historically has been debit-centric. Could you comment more deeply on the trends you're seeing in Europe by country? Mastercard reported Q2 earnings results on Thursday (July 30) that in many ways mirrored what rival Visa reported the day before.Like Visa, Mastercard delivered better-than-expected second … These figures are adjusted for non-recurring items. There's -- that's an early stage investigation, and we're participating fully. Yeah. This compares to earnings of $1.89 per share a year ago. Yeah. For like that, there are many examples that enable us to put our best foot forward during such an opportunity. As long as the underlying trend to digital continues which we believe it will, our services portfolio which it hits right on to these points, should be benefiting. Your line is now open. The trajectory is a good solid growth trajectory which we've been seeing here. But I wouldn't put too much more into that. In the meantime, we will save where as appropriate based on factors such as market readiness and customer demand. Here's a guy who's known me for 20 years, and now he made fun of me. Mastercard Inc.’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. The year-over-year downside was due to a contraction in gross dollar volume, lower switched transactions and … I just have one point to add to that. You kind of asked the question as to what services are helping us differentiate and win at the core. It's Michael here. Please go ahead. Savings in banks have gone up too. And that's the discipline we follow on our acquisitions. With the Boost product, it basically helps people improve their credit score so they can get access to credit. And we are providing digital-first solutions that leverage our tokenization and other digital technologies to meet these changing needs. In terms of, staying in Europe, in terms of the EPI initiative which for others is a potential effort in Europe to create an alternative sort of European payment architecture and ecosystem, we'll see whether that gets traction or not. When you look at how people are spending, we continue to see improvement in card-present transactions, as you would expect as markets open up. Any company-specific update on Nets? As previously mentioned, acquisitions contributed 1 ppt to growth. Worldwide gross dollar volume or GDV, declined by 10% year over year on a local currency basis reflecting the impact of the pandemic. And that's kind of what we've been trying to do through our financial inclusion efforts, through our center for inclusive growth, through our partnership with governments. Yet, for our business, the pandemic is actually helping to accelerate the secular shift to electric -- electronic forms of payment. MasterCard (MA) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.15 per share. And historically, Continental Europe has been a real strength of Mastercard. What you did have is the impact in the 3rd week of July related to the tougher year-over-year comps on account of some promotional activities done by e-commerce merchants. And the inorganic build includes Ethoca, RiskRecon and other such efforts, and then the organic expenses on those to help them expand their reach. And Dave, to your question around card growth, we're seeing growth across both credit and debit. So here's a market that is a significant opportunity that's again riding the wave. Actual performance could differ materially from these forward-looking statements. I think we've demonstrated both in our core card business and our ACH business, the opportunity or the possibility to really drive value for all parties and to earn some revenue for ourselves by participating in these sorts of local or regional initiatives. Our test and learn platform, powered by our acquisition of APT, is helping partners like Citi to supplement their planning processes. Our broad strategy is along a number of pillars. Mastercard's (MA) CEO Ajay Banga on Q2 2020 Results - Earnings Call Transcript Thu, Jul. Any long-term thoughts in the Wirecard saga, what might emerge from that? Company Participants. Just think about when you convert a portfolio during a flip. We were weaker on debit in the U.K. That has begun to change over the course of the last couple of years with the wins we've been telling you about, but they have to all get into the market with those cards. Stock Advisor launched in February of 2002. We brought them to market last year, connect, protect, resolve. When you look Europe, maybe Western Europe comes to mind, but we see a huge opportunity for cash displacement in Eastern Europe. But by and large, if you just step back and you think about where we are from an economic standpoint, given the uncertainty in the economy, people tend to rely more on a debit product than they do on credit, right? Turning to Page 8. And to the extent we see debit lead us out of this, what are the longer-term implications for revenue yields? And then we might end on Wirecard, and I'll make a comment, and then if Sachin has more to say. And really, I think the lower rebates and incentives, relative to our expectations in the second quarter, is a function of what actually ends up closing in a given quarter relative to what our expectations were. They're having slightly different models on providing such services to consumers. I would like to make a few additional comments to help you with your modeling. But it's not going to be kind of like an L where it all happens at one point. Thank you. We've got real-time engagement taking place in terms of seeing what kind of traffic is going through our network as well as putting the requisite, collateral measures as and when necessary to ensure that we're appropriately covered. So I have to say from the first interaction that we had with the Finicity team, with the leadership team, with Steve and Nick over there, the founders, we felt a very strong cultural affinity here. Mastercard Q2 20 Earnings Conference Call At 9:00 AM ET By RTTNews Staff Writer | Published: 7/30/2020 6:00 AM ET Mastercard Incorporated ( MA ) will host a conference call at 9:00 AM ET on July 30, 2020, to discuss Q2 20 earnings results. Extended family, I would say. First, can you tell us the -- how your value-add services revenue are distributed among your different lines of revenue? Your line is now open. And here, we've had some impact. Great. The only thing I'd add to that is, Bryan, this is Ajay, is that underlying what's going on in the expense base of the company is a lot of effort to ensure that we are more thoughtful about what we spend based on the readiness of our markets and our clients to accept the new things we are doing. What does that all -- or what does all of that mean for the business overall? So there is a really good reaction that we got once we announced the deal in terms of our banking partners and saying, this is a good partner for you. Do I see that as good for us? We've clearly seen that. It has rules around net compensation which we are rigorous in adhering to. And secondly, with the class action lawsuit against Plaid pending in California, I was hoping that you could reiterate for us the differences between Finicity and Plaid that made you more comfortable with the Finicity business. So from a customer demand perspective, there is a pull. Recent research conducted by Kearney indicates that COVID has made the digitization of accounts payables and receivable processes a priority for many corporations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. ET. Starting with switched volumes, we continue to be in the normalization phase in most markets domestically. It is actively being considered. Q2 2020 versus Q1 2019 Operating income decrease due primarily to the ACAMS Las Vegas conference occurring in Q2 2020 versus Q1 2019 3.6% 9.1% Q2 2020 Solid Revenue Growth Across Segments (12.5%) 1) From continuing operations excluding special items $9.6 $5.7 Q2 2019 Q2 2020 (41.0%) So let me take the part about Europe for a second. The remaining growth was primarily driven by our cyber and intelligence and data and services solutions which continue to perform well. I talked about the connectivity earlier. And to your point about sales cycles on other things like core products, I think the only place where I find a faster sales cycle is their merchants with co-brands and were impacted by severe need for liquidity or circumstances of navigating through this. After submitting your … This quarterly report represents an earnings surprise of 18.26%. Just trying to get a sense of cadence for new wins. As Ajay mentioned, the COVID-19 pandemic has triggered a series of significant behavioral changes across consumers, merchants and businesses to having a profound impact on payment preferences, many of which are likely to persist beyond COVID. Copyright, Trademark and Patent Information. I don't see a dramatic change to our strategy because even those are just early steps on where we are. Hi Sachin. But really what's underlying our expenses, as Sachin spoke about in his prepared remarks, is that. Card-not-present spend remains healthy. But they have a series of agreements, data sharing agreements in place with several of the large U.S. banks, Chase, Wells and Capital One, for example. Hey Craig, it's Ajay. Yeah. Finicity brings best-in-class connectivity with thousands of U.S. banks, along with a robust set of applications including credit decisioning and account owner verification capabilities. And I think with our organic stuff and Finicity, we have the tools that we need. We are long-standing partners of several civil rights organizations, and we have closed the racial pay gap over the years. I mean we should think about border restrictions even in the context of U.S. and Canada and U.S. with Mexico, right? July 30, 2020 9:00 AM ET. With that, I will now turn the call over to chief executive officer, Ajay Banga. So infrastructure, application services is the way that we think about to go to market. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. I would tell you that some of the second-quarter numbers are impacted by the stimulus programs, right? Yes. And Michael and the team are doing a terrific job on that. I guess, how big can this be? We see domestic travel around the world happening. It is cleansed. And to that end, we have launched a companywide, long-term initiative to drive change for our people, for the market we work in and for society at large including bolstering black recruitment and training, driving financial inclusion and addressing the wealth and opportunity gap faced by black communities. Looking at the green line, if you exclude online travel, card-not-present spend remains positive and reflects some shift to card-present spend as travel restrictions begin to relax and, as I just mentioned, some difficult prior-year comps related to e-com, merchant promotional activity in the 3rd week of July. Ladies and gentlemen, thank you for standing by, and welcome to the Mastercard Q2 2020 earnings conference call. Cumulative Growth of a $10,000 Investment in Stock Advisor, Mastercard (MA) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $MA, U.K. Supreme Court Rejects Mastercard Challenge to $18.5 Billion Class-Action Lawsuit, Mastercard Raises Dividend by 10% and Launches $6 Billion Share Buyback Program. Thank you. Q2'20 and Q2'19, net gains of $75 million and $143 million, respectively, were primarily related to unrealized fair market value adjustments on marketable and non-marketable equity securities. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i

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