# Mastercard Inc. shares posted their biggest intraday drop since February.

*fintech · news · 2026-04-30 · Financial Post*

## Key points

- Mastercard's cross-border travel spending growth slowed to 2% through April 28, down from 8%.
- The slowdown in Mastercard's cross-border travel was more pronounced than at Visa, analysts noted.
- Mastercard's adjusted net income of US$4.1 billion surpassed analyst expectations of US$3.92 billion.
- Mastercard acquired stablecoin firm BVNK for up to US$1.8 billion to expand cryptocurrency capabilities.
- Mastercard raised its 2024 GAAP net revenue growth forecast to a higher low double-digit percentage.

**Companies:** Mastercard Inc., American Express Co., Visa Inc., Truist Financial Corp., Circle Internet Group Inc., Binance
**Countries:** United States

[Read the full story on Financial Post](https://financialpost.com/news/mastercard-declines-cross-border-spending)

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