MasterCard’s Profits & Transactions Increase

October 31, 2012, Written By Lynn Oldshue
MasterCard’s Profits & Transactions Increase

Consumers are using their MasterCard more, both globally and in the United States.

MasterCard reported third-quarter results today which showed earnings and sales were above year-ago levels.

Purchases throughout the world grew 12 percent in the third quarter to $676 billion. Purchase volume grew 7.4 percent in the United States.

Net revenue for the quarter was up 5 percent versus a year ago to $1.9 billion. Net income for the company rose to $772 million, a 7.7 percent increase over year-ago levels of $717 million.

The company processed 8.7 billion transactions in the third quarter, an increase of 24 percent over last year.

MasterCard, the world’s second-largest payment network based on processed transactions, has 1.9 billion cards issued throughout the world.

This entry was posted in Credit Card News and tagged credit cards , MasterCard

The information contained within this article was accurate as of October 31, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Lynn Oldshue

Lynn Oldshue has written personal finance stories for for twelve years. She majored in public relations at Mississippi State University.
View all posts by Lynn Oldshue