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Who: Mastercard and Visa
What: Expecting strong quarterly earnings reports
When: Mastercard on July 29 and Visa on July 31
Where: Financial markets
Key Numbers:
- Mastercard Q2 sales estimated at $7.99 billion, a 15% increase year-over-year, with earnings of $4.05 per share.
- Visa’s expected Q3 sales of $9.87 billion (up 11%) and earnings of $2.86 per share (up 18%).
- Both companies have shown a history of exceeding earnings expectations, with Mastercard beating for 18 consecutive quarters and Visa for 21 consecutive quarters.
- Mastercard’s average annual earnings projected to rise 10% in FY25 and 16% in FY26; Visa’s projected to increase 13% in FY25 and 12% in FY26.
- Visa has a forward P/E ratio of 31X, and Mastercard is at 35X.
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