Before the market on May 2, 2018, Mastercard released its financial report for the first quarter. By the close, Mastercard's stock was up 3.09%, closing at $185.82.

Market source: Futu Bull Bull

Mastercard's first-quarter revenue increased 31% year over year to US$3.58 billion, exceeding FactSet's average forecast of US$3.25 billion; net profit reached US$1,492 million, with adjusted earnings of $1.41 per share, higher than the FactSet survey average forecast of $1.25.

The main reason for the sharp increase in operating income was the adjustment of accounting standards. After excluding such factors, the increase in operating income was about 20%. In addition, total credit card transaction volume increased 14% to 1.4 trillion US dollars, higher than the previous forecast of 1.35 billion US dollars; cross-border transactions increased 21%, and cross-bank transactions increased 17%.

Data source: Official website announcement