The above graph represents the Mastercard revenue by quarter, starting from fiscal Q1 2001 to the recently completed quarter. Mastercard quarterly revenue increased nearly 3% YoY in Q1 2020, to $4,009 million, worldwide. The growth was primarily driven by the 13% YoY increase in switched transactions, 8% increase in gross dollar volume, etc. However, on a quarterly basis, the reported a notable decline of 9.2% in its Q1 2020 revenue.
Mastercard quarterly revenue: History
|Source||Mastercard quarterly reports & SEC Filings|
|Note||Mastercard fiscal year starts from January 1st|
The quarterly revenue of Mastercard has been steadily increasing since Q1 2001, albeit with few occasional crests and troughs. Interestingly, the company achieved its first $500 million revenue milestone in Q3 2002. The total revenue increased an appreciable 33.7% YoY in Q3 2002, to $539 million.
The company took 5 years to double its global revenue; Mastercard global revenue surpassed $1,083 million for the first time in Q3 2007, with a strong 20% YoY growth.
Interestingly, in Q2 2013, Mastercard’s total revenue crossed $2 billion mark for the first time. The company reported about $2,096 million in quarterly revenue, with an impressive 15.16% YoY growth. Exactly after four years, in Q2 2017, Mastercard quarterly revenue crossed $3 billion mark, worldwide.
One must note that Mastercard recorded its highest-ever quarterly revenue of $4,467 million in Q3 2019, with 14.6% YoY growth.
About Mastercard Inc.
Mastercard Incorporated (NYSE: MA) is an American multinational financial services company, offering an array of products and services to consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations globally. The company has its headquarters in Purchase, New York, United States.
In 1966, the several bankcard associations joined together to form a company named “Interbank Card Association (ICA)”. After three years, in 1969, ICA started a new national brand “Master Charge: The Interbank Card”, which was renamed “MasterCard” in 1979.
Mastercard Inc. was incorporated as a Delaware corporation in May 2001.
Mastercard launched its IPO (initial public offering) on May 25, 2006, at a price of $39 per share. With market value of $247.1 billion as of May 2020, Mastercard stands at #334 on the Forbes 2000 list of the World’s Largest Public Companies.
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