wild how they’re pulling in $6B net profit while their operating costs actually went down 4% year over year. The client incentives eating up $4.2B is pretty massive chunk but I guess that’s just cost of keeping banks happy to use their network. What really catches my eye is litigation provision dropping 67% – either they settled some big cases or legal team is getting way better at avoiding trouble. Data processing revenue growing 18% makes sense with everyone going digital, probably seeing ton more transactions from food delivery apps and online shopping during past few years
PM_YOUR_BOOBS_PLS_ on
Tell me again why it’s acceptable for a company that provides a vital service (pretty much a utility at this point) to have a 38% profit margin? It should be, like, 15%. Max.
2 Comments
wild how they’re pulling in $6B net profit while their operating costs actually went down 4% year over year. The client incentives eating up $4.2B is pretty massive chunk but I guess that’s just cost of keeping banks happy to use their network. What really catches my eye is litigation provision dropping 67% – either they settled some big cases or legal team is getting way better at avoiding trouble. Data processing revenue growing 18% makes sense with everyone going digital, probably seeing ton more transactions from food delivery apps and online shopping during past few years
Tell me again why it’s acceptable for a company that provides a vital service (pretty much a utility at this point) to have a 38% profit margin? It should be, like, 15%. Max.