Mastercard Incorporated (NYSE:MA) disclosed its earnings for the fourth quarter and full year of 2023. The company reported a net income of $2.8 billion for the fourth quarter, with diluted earnings per share (EPS) of $2.97.
Adjusted net income for the same period was $3 billion, resulting in an adjusted diluted EPS of $3.18. Similarly, net revenue for the quarter stood at $6.5 billion, marking an increase of 13%, or 11% on a currency-neutral basis.
The growth was primarily driven by a boost in consumer spending, a 24% rise in cross-border volume, and successful strategic executions.
For the full year of 2023, Mastercard's operating results showcased significant progress, with net revenue reaching $25.1 billion, up by 13% from the previous year.