Mastercard Global Q2 Revenye

Mastercard Global Q2 Revenue to Top $4B with 16.24% Profit CAGR

Mastercard global Q2 revenue is expected to be as impressive as the first-quarter. Mastercard global performance posted double-digit gains across the board in the first-quarter. However, sequential and year-on-year (YOY) currency adjusted (FX) growth for purchase dollar volume (PDV) declined 370 basis points (bps) and 270 bps, respectively. Mastercard net income exploded by 31% FX…

U.S. Credit Card Share

U.S. Credit Card Share for Big 6 Adds 80 bps CAGR Slips to 5.56%

U.S. credit card share for the Big 6 peer group increased to 54.2% in the first-quarter, compared to 53.4% for the first-quarter 2018. American Express year-on-year (YOY) growth in U.S. credit card outstandings for the first-quarter (1Q/19) lead the peer group. On a Compound Annual Growth Rate (CAGR) basis, Capital One outpaced the other five…

First-Quarter Credit CIF

First-Quarter Credit CIF Rises 4% YOY & 5.27% CAGR for Top 4

First-quarter credit CIF (cards-in-force) among the Top 4 U.S. credit card issuers picked up some momentum adding 9.7 million cardholders over the past year. Based on current growth trends and economic patterns, the number of credit and charge cards, issued by the major issuers, will likely top 300 million in early 2023. The Top 4…

U.S. Credit Card Yield

U.S. Credit Card Yield Hits Record Level to Peak in 2020

U.S, credit card yield, among the nations’s Top 4 bank credit card issuers, rose 24 basis points (bps) sequentially at 12.34% and up 73 bps year-on-year (YOY) for the first-quarter (1Q/19), compared to 12.10% for the prior quarter, and 11.61% for 1Q/18, according to figures compiled by CardData. The U.S. Top 4 Issuers (Chase [JPM],…

U.S. Credit Card Accounts

First-Quarter Credit Card Accounts Rise 3% YOY 5.35% CAGR

First-quarter card accounts in the U.S. for the Top 4 issuers grew by 6.3 million from one-year ago. Over the past five years gross (open) accounts for U.S. credit cards among the nation’s four largest issuers expanded by 37.9 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in gross accounts was 3.3%, compared to…

U.S. Credit Card GDV

U.S. Credit Card GDV for Top 4 Down 380 bps YOY CAGR Slips 30 bps

U.S. credit card GDV (Gross Dollar Volume) rose 7.3% YOY (year-on-year) in the first-quarter (1Q/19) among the nation’s four largest issuers. This compares to a growth rate of 11.1% YOY for 1Q/18. The CAGR (compound annual growth rate) for GDV, which includes purchases and cash advances), also declined from 12.51% to 12.21% during the same…

Citibank International Card

Citibank International Card Profits Soar in LAC & Solid in AP

Citibank international card profits soared for the Latin America Caribbean (LAC) region in the first-quarter while credit card profits for Asia increased moderately. However, late-stage delinquency and charge-offs metrics in the LAC for the first-quarter (1Q/19) are rising to 2015 levels. Average yield in Asia is also slipping back to 2015 levels, according to figures…

Capital One International Card

Capital One International Card Q1 PDV +2.7% YOY +8.6% CAGR

Capital One international card gross revenue was flat in the first-quarter (1Q/19) while after-tax net income sunk 44% year-on-year (YOY). International credit card purchase dollar volume (PDV) was up nearly 3% as 1Q/19 end-of-period (EOP) outstandings slipped by 3% YOY. Capital One [COF] issues credit cards in Canada and the United Kingdom, internationally. COF international…

Mastercard Latin America

Mastercard Latin America Nibbles at Visa’s Q1 Marketshare

Mastercard Latin America Caribbean (LAC) region continues to nibble at Visa’s LAC marketshare with FX (currency adjusted) PDV (Purchase Dollar Volume) rising 750 bps (basis points) above Visa for the first-quarter (1Q/19). During the past 12 months Mastercard added 19 million CIF (Cards-in-Force) in the LAC region, as opposed to Visa’s seven million CIF. LAC…

First-Quarter Card Profits

First-Quarter Card Profits Big 6 Tad Up YOY Re-Pricing Lag Fades

First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the compound annual growth rate (CAGR) is running about 2.77%. Profits (after tax) among the nation’s…