MasterCard Profits Rise While Visa Income Falls

MasterCard Profits Rise While Visa Income Falls

November 5, 2013         Written By Natalie Rutledge

MasterCard’s third-quarter profits jumped 14% over second quarter results, while Visa’s profits declined 28% during this time.

Much of MasterCard’s success comes from two factors: its global expansion during the past few years and a worldwide transition from cash to credit. The company’s net revenue rose 16% to $2.22 billion, and its net income rose to $879 million.

“We had another good quarter with growth across all geographies,” said Chief Executive Ajay Banga.

Visa, the world’s largest debit and credit card company, experienced a decrease due to a larger-than-anticipated tax provision and unexpectedly soft spending in the United States. The company received a $74 million tax benefit in 2012, but in 2013, they were hit with a $574 million tax bill. Visa has not disclosed a reason for the tax bill at this time. The credit card giant’s net income fell from $1.66 billion to $1.19 billion, but its payment volume rose 13%.

The information contained within this article was accurate as of November 5, 2013. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at
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