But to the extent border restrictions are lifted between the Canada and the U.S., the U.S. and Mexico, important corridors by the way from a cross-border travel standpoint, those are good things for us to have. In Europe, our open banking connect, protect and resolve solutions which we launched last year, continue to gain traction. And then what are you most excited about? So once border restrictions are lifted, we will see some increase there. Good morning. So just to come back in a big way, I think you're right. 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. 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. 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. But that's -- we are then using that ability to put it back into the investment areas that we want to and taking some of that to the bottom line. And also, any impact on yield with this credit and debit shift here? And we are excited about the planned acquisition of Finicity which advances our open banking strategy here in North America and which we will leverage globally. Yet, for our business, the pandemic is actually helping to accelerate the secular shift to electric -- electronic forms of payment. Please go ahead. Could you comment on the composition of the 5% card growth in the quarter? This excludes gains and losses on our equity investments which are excluded from our non-GAAP metrics. On the other income and expenses line, we are at an expense run rate of approximately $100 million per quarter given the debt we have issued and prevailing interest rates. Open banking is an opportunity like that. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Please go ahead. Good morning. Your line is now open. Now in the second quarter, we saw a progressive improvement in volume trends over the course of the quarter driven by the opening up of domestic economies. Your next question here comes from the line of Craig Maurer with Autonomous Research. Please go ahead. 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. Now you're going to hear lots of that from Michael. Turning to Page 8. Another implication of the shift to e-commerce is the need to support merchants with digital enablement solutions. We've seen some of the news flow recently obviously, but how are you thinking on that? So more digital transactions versus more cash transactions is more data. 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. We've clearly seen that. Since June 21, we have seen a 15 ppt improvement in card-present travel and entertainment volumes in particular primarily related to spend on lodging and restaurants. Ajay, do you have any final comments? I don't have a lot more to say there, but that continues to be under way and we're moving forward. Meanwhile, I can think about this question in the back of my mind. Our test and learn platform, powered by our acquisition of APT, is helping partners like Citi to supplement their planning processes. Although we did not complete any share repurchases in the second quarter, we have recently reinitiated our share repurchase program. Good morning. Your line is now open. Your next question comes from the line of Sanjay Sakhrani with KBW. In the last reported quarter, the company’s earnings beat estimates by 6.4% on higher switched transactions, increase in gross dollar volume and gains from acquisitions. It has rules around net compensation which we are rigorous in adhering to. That will be our starting point in North America to assume that trusted role between fintechs and banks. Other items to keep in mind. Digital commerce continuously requires more advanced cyber solutions. Europe continues to be a very attractive growth market for our company. So those are the key dimensions of our strategy. So that's the whole principle. Darrin, it's Michael here. And here, as an ecosystem leader, as a custodian of the payments ecosystem, we're putting out our solutions that help making chargeback solutions go away even before a chargeback is actually filed. So you do see an expense-based reduction in totality. 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. Darrin Peller -- Wolfe Research -- Analyst. Craig Maurer -- Autonomous Research -- Analyst. We have very robust risk management practices, and those have actually held us in pretty good stead in this instance as well. Earnings Mastercard (NYSE:MA) Earnings Information. 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. ET. 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. Please go ahead. To Ajay's point, we are partnering with all the local schemes here, bringing our best practices to bear. 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. 2 Q2'20 pre-tax charges of $22 million related to estimated attorneys' fees and litigation settlements with U.K. and Pan-European merchants. Visa stock was little changed. MasterCard (MA) Q2 Earnings and Revenues Top Estimates, Airbnb (ABNB) and DoorDash (DASH) IPOs: One Day Apart But Timing Is Completely Different, 3 Top IPO Stocks To Watch In December 2020, 3 Psychedelic Stocks to Invest In the Future of Medicine, #TradeTalks: Alternative Investments and How They Fit Into Investor Portfolios, #TradeTalks: Social Impact Investing and TELUS ’S Newly Launched Fund, Markets Are Pricing for Next Year, BlackRock’s Watson Says, Investing Strategies: Top Tech Trends For 2021, China EV Stock Frenzy, Holding Long-Term Leaders, Aphria Expands Footprint for U.S. Growth; Analyst Says ‘Buy’. Shifting gears to B2B. Hi Sachin. It is actively being considered. We are focused on managing the business for the long term. Revenue is seen falling 22% to $3.23 billion. You can see that the trends we laid out through the course of the quarter continued. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Yes, indeed. We do intend however to continue to provide periodic updates to our operating metrics to help you understand the trends we are seeing. 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. The decrease in net revenue of 17% was primarily driven by a decline in transactions and volumes due to the effects of border restrictions and social distancing measures, partially offset by continued growth in our services offerings which continue to help diversify our revenue base and differentiate our core, as Ajay mentioned. The remaining decrease in operating expenses of 9 ppt primarily reflects lower advertising and marketing, travel and professional fee-related expenses. Do Visa and Mastercard Need a Coronavirus Vaccine to Win in 2021? However, the bottom line declined 26% year over … 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. 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? Earnings Mastercard (NYSE:MA) Earnings Information. I wanted to ask -- I asked Visa this, so I'll ask you guys as well. Returns as of 12/17/2020. We want to prevent fraud to start with. 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. But you guys don't mind just honing in on the services pieces obviously the other revenue is up. Yes! When you convert a portfolio during a flip, there are dormant cards in that portfolio and the ability for the client to come out in a better place with less dormancy, more active, more engaged customers, that is determined a lot by our ability to use data analytics in a sensible way. That doesn't make it less of something we should be careful about, just telling you how we're conscious in dealing with it. Mastercard-branded programs only; on a local currency basis 3. Will you be as colorful as Ajay? I talked about it earlier. The consensus EPS Estimate is $1.18 … In anticipation of that, we have been scaling our capabilities both organically and inorganically. Secondly, the travel bubbles which are being created across various corridors, as you think about in Asia Pacific, between Australia and New Zealand, between China and Singapore, as those start to come into effect, you're going to see probably some of the impact of that come through. @/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]\. Copyright, Trademark and Patent Information. 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. This is something that I believe is a very useful use case. So Michael, Finicity. And we continue to win deals across all our core products. Sanjay, so on the comment around the week of July 21, it's just exactly like I said. These services allowed to offer differentiated solutions that are valued by a wide variety of customer segments and provide us with a level of revenue diversification. And we do believe, as I said earlier before, being a partner, the best possible partner that we can be in the crisis let's say with our data analytics, test and learn platform or our cyber platforms, make us a good partner for the longer term. The decline in cross-border was due to the impact of the pandemic which has limited cross-border travel to a great extent. I would like to make a few additional comments to help you with your modeling. (RTTNews) - Mastercard Incorporated (MA) released a profit for second quarter that declined from the same period last year. But also, when there is an opportunity to go back on the street and buy at that local shop around the corner, then they do that. Mastercard©2020 But it has a downstream impact into our services, for sure. SunTrust Banks analyst A. Jeffrey now forecasts that the credit services provider will earn $1.00 per share for the quarter, up from their previous […] This compares to earnings of $1.89 … And tokens can do many things. And our services capabilities allow us to offer differentiated solutions to a very wide range of customers and, very importantly, to help us diversify our revenue base and build multiple legs to our revenue stool. And then after that, it's in our base because that is how it has to be. The 4 ppt difference is primarily driven by favorable mix. So turning to Page 3 which shows our financial performance for the quarter on a currency-neutral basis and excluding both special items and the impact of gains and losses on the company's equity investments. We will see whether it gets traction, but we intend to participate. I'm going to wrap up with a few closing thoughts. ... Q2 2021 Earnings Call Dec 10, 2020, 5:00 … Thank you. Notably, this includes further recovery in restaurant and hotel spend as well as an increase in healthcare spending, while retail continues to hold up well. When you look Europe, maybe Western Europe comes to mind, but we see a huge opportunity for cash displacement in Eastern Europe. First, with respect to cross-border, in line with our previous outlook, we expect the recovery in intra-Europe travel will outpace the recovery in other cross-border travel. 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. Acquisitions will contribute about 1 ppt to revenue for both Q3 and the year and 6 to 7 ppt to operating expenses for both Q3 and the year, assuming the transaction with Nets closes in Q3 and the Finicity transaction closes by the end of the year. Feeling good about it. And therefore, we have begun to see more and more transactions across domestic European markets. Your next question comes from the line of Lisa Ellis with MoffettNathanson. And before I hand it over to him, I'd like to share a few comments on diversity and inclusion. A replay of this call will be posted on our website for 30 days. Q2 2020 Visa Inc. Earnings Conference Call. Yes. And we are focused on investing in key strategic priorities, in areas like open banking, real-time payments, cyber and intelligence solutions and B2B payments. And so I do think you're seeing a little bit of that impact come through. 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. I'm going to begin where we start at the beginning. It's only then that the queue will open for questions. There's -- that's an early stage investigation, and we're participating fully. So that is relatively straightforward for us to switch on such a capability and make a difference. And Michael and the team are doing a terrific job on that. EPS of $1.36 beats by $0.18 Revenue of $3.33B (-18.92% Y/Y) beats by $75.82M The following slide deck was published by Mastercard Incorporated in conjunction with their 2020 Q2 … Get the latest Mastercard earnings report, revenues as well as upcoming MA earnings dates, historical financial reports, news, analysis & more. I'd throw one point in, and then pass it over to Michael for the Finicity answer. Thanks, Ajay. Don’t Sit This Out. So from a customer demand perspective, there is a pull. If you look at the orange line, card-present spend continues to improve. Ladies and … Worldwide gross dollar volume or GDV, declined by 10% year over year on a local currency basis reflecting the impact of the pandemic. Let me start on that, and then Ajay can chime in. And of course, around all of this is everybody is trying to figure out their open banking strategy. To receive investor email alerts, please enter your email address and select at least one alert option. investor.relations@mastercard.com 914-249-4565. So in terms of this help is needed right now, there isn't any debate, and that makes it fairly easy from a cycle perspective. In addition, we recently announced a new partnership with Splitit to provide interest-free installments for e-commerce purchases. Jul 30, 2020 9:15AM EDT MasterCard (MA) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.15 per share. This includes a 4 ppt increase related to acquisitions. A wealth of resources for individual investors is available at www.zacks.com. As and when transactions occur, we want to ensure that authentication is best as possible. So in terms of Nets, you mentioned that, we continue to work through the regulatory approval process for that transaction. So all around, I see clear differentiation of Finicity versus other players that make them, as far as I can see, our best possible partner. 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. And I continue to be very constructively optimistic about Europe over the next few years. Any long-term thoughts in the Wirecard saga, what might emerge from that? So in terms of open banking applications, I'll give you an example. 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. Q2 2020 Mastercard Inc. Earnings Conference Call. I would tell you that some of the second-quarter numbers are impacted by the stimulus programs, right? … To receive investor email alerts, please enter your email address and select at least one alert option. Good progress there. Now on Finicity. What does that all -- or what does all of that mean for the business overall? More than 10,000 merchants have been enabled in the U.S., and preparations for global expansion are under way. With respect to the tax rate for the year, we now expect to be closer to the bottom end of the 17% to 18% range we last provided, assuming the geographic mix of the business does not change significantly. Mastercard last released its earnings data on October 28th, 2020. The credit services provider reported $1.60 earnings per share (EPS) for the … Our services growth remains strong. I wanted to ask about the margins. So around about, I think we're quite well positioned here. Airbnb Stock IPO Is Set to Soar 200%. But at the same time, I just do want to make the point that we do see, even in these 4 months, consumer behavior is changing. Yes. This is not a new thing we take some leadership position in this space. As a reminder, intra-Europe transactions are low-yielding than other cross-border transactions. Good morning and thanks for taking my question. MasterCard Inc (MA) Q1 2020 Earnings Call Transcript ... MasterCard Inc Q1 2020 Earnings Call Apr 29, 2020, 9:00 a.m. 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. Market data powered by FactSet and Web Financial Group. We have focused on issues that matter to the black community as well as to others including delivering on our commitment to bring 500 million individuals into the financial system. So I wanted to ask a couple of questions. I don't see a dramatic change to our strategy because even those are just early steps on where we are. We looked at Finicity here, as I laid out earlier, a good fit for us. And for a couple of years, we tell you that this is X acquisition. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Hey Craig, it's Sachin. 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. We brought them to market last year, connect, protect, resolve. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. You kind of asked the question as to what services are helping us differentiate and win at the core. Extended family, I would say. MasterCard Incorporated Q3 2019 Earnings … Other revenues were up 14% including a 4 ppt contribution from acquisitions. 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. Let me give you some examples. So to sum it up, we are seeing signs of normalization domestically in most markets. We have now commercially launched Mastercard track business payment service. We've added new fintech players like Modulr, DiPocket and Aion, in addition to the recently announced Tesco win. Mastercard's (MA) CEO Ajay Banga on Q2 2020 Results - Earnings Call Transcript Thu, Jul. To read this article on Zacks.com click here. I think, as you know, Wirecard, in terms of its engagement with Mastercard, there's principally two entities that engage in our network: one, a German-based bank; and then the Wirecard business in the U.K. We're working very closely through this process. Your line is now open. Over the last four quarters, the company has surpassed consensus EPS estimates four times. 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. Mastercard Inc.’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. Good morning. Ladies and gentlemen, thank you for standing by, and welcome to the Mastercard Q2 2020 earnings conference call. And I think that's what's going on inside our expenses. So let's turn to Page 4 where you can see the operational metrics for the second quarter. He's right here. MasterCard (MA) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release ... reports results for the quarter ended June 2020. I have a broad regulatory question. Michael, I think you mentioned the services as being an important contributor to recent wins. And that gives us the two legs to stand on. Stock Advisor launched in February of 2002. This is lower than expected primarily due to the delay of certain sponsorship activity which we now expect to occur in the third quarter of 2020. )+[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