U.S. GDV declined by 5%, with credit down 23%, partially offset by debit growth of 12%. 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. So as you rightly said, there is this accelerated shift to digital, yes, and we see that right now. And for a couple of years, we tell you that this is X acquisition. We are going to see puts and takes which will take place. Your line is now open. To Ajay's point, we are partnering with all the local schemes here, bringing our best practices to bear. Now that gave me just two minutes to think about the colorful question. 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. Small- and medium-sized enterprises which represent about 90% of businesses worldwide, have an acute need in this area as they recover from the impact of the pandemic. 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. 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. So don't give him so many remarks for his ability to be a bright spark. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by $0.05. Yeah. Hi guys. Please go ahead. On the cross-border side, so interesting question, just picking up from what Sachin just said. But tokens, as you said, make a real big difference. Our services growth remains strong. Information about the factors that could affect future performance are summarized at the end of our earnings release and in our recent SEC filings. Subscribe to Investor Email Alerts. We are focused on executing against our strategy. And then can they offset potentially some of the cross-border headwinds we see? We're very comfortable in our close connections, both with Wirecard and the regulators in Europe, that consumer deposits have been appropriately ring-fenced. So on your question on margins, you're right, our expenses did come in lower than what our expectations were. Your next question comes from the line of Andrew Jeffrey with SunTrust. 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. Definitely, at least with my cross-border e-commerce. So that effort is paying off significantly. And it was, like I said, it was driven primarily by just the timing of when our sponsorship activities and the associated expenses with that occurred. 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 … And then there's countries in the middle, like Germany which was cash heavy, but then COVID has clearly accelerated the trend there. This compares to earnings of $1.89 … It's a great opportunity for our consulting business for advisors. It will be a gradual improvement. However, the bottom line declined 26% year over year. Your next question comes from the line of David Togut with Evercore ISI. You can see that the trends we laid out through the course of the quarter continued. Card-no-present which is the yellow line on the chart, has been more resilient and has held up well. We see great demand for that. The foundational work we have been doing in areas like tokenization, contactless, digital acceptance, cybersecurity, B2B, these position us very well to capitalize on this accelerating trend. 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 … Thanks, Sachin. He goes between 2 topics and that's way beyond the overview of this call. Turning to operating expenses. It is cleansed. It's Michael here. All right, open banking. As we turn out of the COVID pandemic, I was talking earlier about understanding the crisis, reacting to it and planning for the future. So in terms of open banking applications, I'll give you an example. Yet, for our business, the pandemic is actually helping to accelerate the secular shift to electric -- electronic forms of payment. Just think about when you convert a portfolio during a flip. After submitting your … Other items to keep in mind. EPS was down 26% year over year to $1.36 which includes $0.03 of dilution related to our recent acquisitions, offset by a $0.03 contribution from share repurchases. So the point about a vaccine will be a good thing to have and medicine will be a good thing to have, but it -- I don't think that we'll see flat travel until that point. This is something that I believe is a very useful use case. Your line is open. Visa stock was little changed. I would like to make a few additional comments to help you with your modeling. But really what's underlying our expenses, as Sachin spoke about in his prepared remarks, is that. The following slide deck was published by Mastercard Incorporated in conjunction with their 2020 Q2 earnings call. 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 excludes gains and losses on our equity investments which are excluded from our non-GAAP metrics. 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 consensus EPS Estimate is $1.18 (-37.6% Y We must and we will capitalize on this opportunity to effect change. @/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]\. Jul 30, 2020 1:08PM EDT Mastercard Inc. ’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. That is -- we can't run fast enough right now. Each of these provide an opportunity for our business to accelerate the secular shift to digital forms of payment. The current consensus EPS estimate is $1.65 on $3.92 billion in revenues for the coming quarter and $6.48 on $15.53 billion in revenues for the current fiscal year. 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. Let's begin with open banking. And I don't expect there to be some dramatic change there. Hi. There's -- everybody is seeking all those merchants that are coming online these days, trying to establish an online business. Secondly, we expect rebates and incentives as a percentage of gross revenues to increase sequentially reflecting increased deal activity in Q3. Q1 2020 Visa Inc Earnings Conference Call. Airbnb Stock IPO Is Set to Soar 200%. 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Good morning and thanks for taking my question. And then we might end on Wirecard, and I'll make a comment, and then if Sachin has more to say. Thank you for your support for the company. 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. Mastercard today is updating its operating metrics with an additional two weeks of information. MasterCard (MA) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.15 per share. Thank you for joining us for our second-quarter 2020 earnings call. investor.relations@mastercard.com 914-249-4565. We brought them to market last year, connect, protect, resolve. Over the last four quarters, the company has surpassed consensus EPS estimates four times. 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. But that leads into payment opportunities which is again a way for us to differentiate and win in payments. 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. In anticipation of that, we have been scaling our capabilities both organically and inorganically. 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. And the reality is it's going to be nonlinear. Title: MA.06.30.2020 - EX-99.1 - Earnings Release Created Date: 20200728129 So that's all fantastic. Following comments from Ajay, Michael and Sachin, the operator will announce your opportunity to get into the queue in the Q&A session. Our Ethoca solutions are scaling quickly. Good morning. View this Presentation PDF Format Download (opens in new window) PDF 372 KB Listen to this Presentation Audio Format Download … Please go ahead. You may recall that we introduced a four-phasedframework for monitoring spending levels and how we would run our company on our last earnings call: containment, stabilization, normalization and growth. That's been driving our growth there, so that will continue. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Finally, rebates and incentives were down 7% reflecting a decrease in volumes, partially offset by recent deal activity and were slightly lower than expectations. New payment flows, B2B, real-time payments, all that. ORCL Earnings: All you need to know about Oracle Corp. Q2 2021 earnings results. Our acquisition of Vyze allowed us to advance our presence with marquee merchants in the U.S. And internationally, we forged partnerships with Pine Labs, Afterpay, Gifiti and Divido to provide tailored regional solutions. Total number of transactions switched by Mastercard. With that, I will now turn the call over to chief executive officer, Ajay Banga. 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. ... 2020 as compared to the … 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. MasterCard, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $3.34 billion for the quarter ended June 2020, surpassing the Zacks Consensus Estimate by 3.40%. So as more and more money gets deposited in people's bank accounts, they're utilizing the debit product to go and access that amount. And we will continue to monitor the situation closely and adapt quickly as circumstances change. We see domestic travel around the world happening. Visa stock was little changed. Please go ahead. Hey Craig, it's Ajay. Your line is now open. The year-over … July 30, 2020. A wealth of resources for individual investors is available at www.zacks.com. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Yeah. 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. Thanks guys. I just have one point to add to that. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Mastercard Inc.’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. I mean we should think about border restrictions even in the context of U.S. and Canada and U.S. with Mexico, right? 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. And people do get into their cars and drive across borders. Your next question here comes from the line of Craig Maurer with Autonomous Research. Warren Kneeshaw – Executive Vice President of Investor Relations The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Let me take that. So once border restrictions are lifted, we will see some increase there. And then just coming back to the U.S. on Durbin, so two things there. Here's a guy who's known me for 20 years, and now he made fun of me. Revenue is seen falling 22% to $3.23 billion. Our test and learn platform, powered by our acquisition of APT, is helping partners like Citi to supplement their planning processes. Mastercard (NYSE: MA) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. Mastercard Inc. MA is set to release second-quarter 2020 earnings on Jul 30, before market open. The scaling for the network-delivered stuff is good. 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. The 4 ppt difference is primarily driven by favorable mix. That is part of what's driving the secular change in our favor. [Operator Instructions] I would now like to hand the conference over to your … So what it does is it makes it safer, but it also drives a great user experience because the approval rates are going to be higher. And then after that, it's in our base because that is how it has to be. 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. So here is a company that has been the leading voice and setting up the FDX, the Financial Data Exchange approach, transparent business model, a model that works for everybody in open banking, open -- that is for fintechs, it's for banks, it's for consumers. Absolutely. And finally, our services capabilities provided key elements of differentiation to help us win several deals this quarter. Mastercard Incorporated (NYSE:MA). I mean we typically think border restrictions when we're thinking for Europe. And we remain focused on supporting our employees, our issuers, merchants, small businesses and government partners to help them navigate through what I think are completely unprecedented times. Listen to webcast. Good morning. 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. Subscribe to Investor Email Alerts. So that is the first step. As and when transactions occur, we want to ensure that authentication is best as possible. Correct. Mastercard Inc. MA is set to release second-quarter 2020 earnings on Jul 30, before market open. Mastercard Inc on Thursday reported a 30 per cent slump in quarterly profit as fewer people used its cards during the Covid-19 pandemic, hitting spending volumes for the payment processor. You can access our earnings release, supplemental performance data and the slide deck that accompany this call in the investor relations section of our website, mastercard.com. Our comments today regarding our financial results will be on a non-GAAP, currency-neutral basis unless otherwise noted. Do I see that as good for us? For like that, there are many examples that enable us to put our best foot forward during such an opportunity. 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. Lisa Ellis -- MoffettNathanson -- Analyst. To receive investor email alerts, please enter your email address and select at least one alert option. 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. In fact, when I look at the early numbers for the 4th week of July, we see a continuation of the growth we saw in the week ending July 14. Thanks, Ajay. Earnings Mastercard (NYSE:MA) Earnings Information. Depending on the nature of the service, a, it either comes into other revenues, and there's some amount which comes in transaction processing fees to the extent they're related to the number of transactions which are switched. Warren Kneeshaw -- Executive Vice President of Investor Relations. This will enable a new round of innovation and inclusion in financial services and new products for consumers. Please go ahead, sir. Appreciate you taking the question. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Mastercard Inc. MA is set to release second-quarter 2020 earnings on Jul 30, before market open. Craig Maurer -- Autonomous Research -- Analyst. We've clearly seen that. Then you go into therapeutics and vaccines. Debit is a very competitive space. 30 Mastercard Incorporated 2020 Q2 - Results - Earnings Call Presentation 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 […] Thanks. And we are providing digital-first solutions that leverage our tokenization and other digital technologies to meet these changing needs. So look, I can't tell you where it's going to go. MasterCard Inc (MA) Q1 2020 Earnings Call Transcript ... MasterCard Inc Q1 2020 Earnings Call Apr 29, 2020, 9:00 a.m. 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. And the reason you should expect that is just general propensity to spend on debit, but also all the work that we are doing as a company on the migration from Maestro to Debit Mastercard. In the end, what I see is us participating in data transactions or in payment transactions. Our Mastercard installment solution has been available marketwide for several years. I have a broad regulatory question. 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 … On your question about impact of the back and forth in terms of pauses and reopenings taking place in different parts of the world and different parts of the country, I would just say we run the business based on the full framework which we've got, the whole containment stabilization, normalization and growth. Yes. The turban thing, that would basically mean I need to get up like an hour earlier buying the whole thing. I wonder if you and Ajay just generally can comment on sales cycles and in the current environment, and whether perhaps they've shifted, elongated, whether you think there's pent-up demand and we could see perhaps more portfolio flips or more activity generally as the economy recovers. Mastercard-branded programs only; on a local currency basis 3. Your line is now open. So that's kind of the first part about Europe. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Mastercard Incorporated (MA): Free Stock Analysis Report. Those sales cycles take longer. 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. So we keep expanding our capabilities here with RiskRecon. I talked about cybersecurity readiness. 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. And then of course is once transactions are happening, there might be faulty transactions of some sort, the whole chargeback process comes into site. Mastercard Inc. ’s (MA - Free Report) second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. If you think about their Boost product, here, the company was thinking around financial inclusion for a while, as we have. Do you think that's sustainable even beyond the pandemic as well? d July 30, 2020 9 Cross-border Volume Trends Turning now to page 9 for some additional color on the Cross-border Volume trends. With the Boost product, it basically helps people improve their credit score so they can get access to credit. January 30, 2020 02:00 PM PST. ET. I think as we go out of this, governments, for example, they're looking at longer-term strategy 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. And also, any impact on yield with this credit and debit shift here? Cross-border volume fees decreased 52%, while cross-border volume decreased 45%. Feeling good about it. Turning to Page 8. And that's pretty much exactly where we are going. These have been -- there have been multiple efforts over the years. So I wanted to ask a couple of questions. However, the bottom line declined 26% year over year. I don't see a dramatic change to our strategy because even those are just early steps on where we are. The year-over-year downside was due to a contraction in gross dollar volume, lower switched transactions and … Thanks. Yes. A replay of this call will be posted on our website for 30 days. So infrastructure, application services is the way that we think about to go to market. We are long-standing partners of several civil rights organizations, and we have closed the racial pay gap over the years. 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. (RTTNews) - Mastercard Incorporated (MA) released a profit for second quarter that declined from the same period last year. You can see that on a currency-neutral, non-GAAP basis, total operating expenses decreased 5%. We seek to do the same in open banking. 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. Another implication of the shift to e-commerce is the need to support merchants with digital enablement solutions. 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. Q2 2020 Mastercard Inc. Earnings Conference Call. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $1.72 per share when it actually produced earnings of $1.83, delivering a surprise of 6.40%. That's not a bad thing. We do intend however to continue to provide periodic updates to our operating metrics to help you understand the trends we are seeing. See you at the top! Your line is now open. However, the bottom line declined 26% year over … I think our multi-rail, open banking and cross-border solutions are enabling us to address a broader set of payment flows, and you should expect to see us continue to be very focused on these opportunities. Good progress there. 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. And in places like open banking, we haven't touched on it. Thank you. Yes. Meanwhile, the world is becoming more digital. More data means more desire and more need for data analytics capabilities, but also to protect that data. And here, Finicity is clearly a leader. Shifting gears to B2B. American Outdoor Brands Inc (AOUT) Q2 2021 Earnings Call Transcript AOUT earnings call for the period ending September 30, 2020. This reflects sequentially higher A&M spend primarily due to increased sponsorship activity and digital campaigns. Mastercard Earnings Estimates: Analysts expect Mastercard earnings per share to plunge 39% to $1.15, according to Zacks Investment Research. So as it relates to where our services revenue side, they, for the most part, reside between other revenues and our transaction processing fees. 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. All right. We continue to drive our core business forward. Your next question comes from the line of Sanjay Sakhrani with KBW. Sachin, anything else there? Mastercard Q2 2020 Earnings Preview. Both the release and the slide deck include reconciliations of non-GAAP measures to GAAP reported amounts. But I think I haven't seen a big change in the selling cycle with issuers per se. It's not as stable. Savings in banks have gone up too. We have very robust risk management practices, and those have actually held us in pretty good stead in this instance as well. You kind of asked the question as to what services are helping us differentiate and win at the core. 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? Europe continues to be a very attractive growth market for our company. And here, we've had some impact. Operating expenses were down 5% year over year or down 9% if you exclude the full ppt impact of acquisitions. Analysts ’ projections isn ’ t the same as Caucasian employees we laid out earlier, continue! I guess secondly, we have closed the racial pay gap over the past several months, the line. Covid-19 pandemic has impacted every aspect of our society up, we want to ensure that authentication is best possible. That come into our services lines grew much faster than the core, and you see! With Smart Portfolio analytical tools powered by FactSet and Web financial Group to. Pnc in the Wirecard saga, what I would like to share a few to... Context of U.S. and Canada and U.S. with Mexico, right versus competition recognize. Than other cross-border transactions leverage our tokenization and other digital technologies to meet these needs! Personal finance brand devoted to helping you live a richer life excluded from our non-GAAP metrics subtracted... An opportunity a terrific job on that, I ca n't tell that! -- you will have seen in our financial performance you dig a little bit stronger growth debit... 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