Mastercard
Q2 2022 Earnings Call
Jul 28, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Mastercard Inc. Q2 2022 earnings conference call. [Operator instructions] Thank you. Warren Kneeshaw, you may begin your conference.
Warren Kneeshaw -- Head of Investor Relations
Thank you, Julie. Good morning, everyone, and thank you for joining us for our second quarter 2022 earnings call. With me today are Michael Miebach, our chief executive officer; and Sachin Mehra, our chief financial officer. [Operator instructions] 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.
Additionally, the release was furnished with the SEC earlier this morning. Our comments today regarding our financial results will be on a non-GAAP currency-neutral basis unless otherwise noted. Both the release and the slide deck include reconciliations of non-GAAP measures to their GAAP reported amounts. Finally, as set forth in more detail in our earnings release, I would like to remind everyone that today's call will include forward-looking statements regarding Mastercard's future performance.
Actual performance could differ materially from these forward-looking statements. Information about the factors that could affect future performance are summarized at the end of our earnings release and in our recent SEC filings. A replay of this call will be posted on our website for 30 days. With that, I will now turn the call over to our chief executive officer, Michael Miebach.
Michael Miebach -- Chief Executive Officer
Thank you, Warren. Good morning, everyone. Starting with the key highlights for the quarter. We delivered strong revenue and earnings growth with further improvement in our underlying operating metrics, notably in cross-border travel.
Quarter 2 adjusted net revenues were up 27% and adjusted operating income up 40% versus a year ago on a non-GAAP currency-neutral basis, excluding special items. On the macroeconomic front, we continue to monitor a number of factors that have both positive and negative influences on economic growth. Inflationary pressures have remained persistent, and we are now seeing central banks taking even more aggressive steps to reduce inflation as we have seen with the Fed yesterday. The situation has been compounded by geopolitical tensions and supply chain constraints, which have eased from pandemic peaks but remain in many industries.