Business Standard

MasterCard's quarterly profit rises 33 percent

Image

Reuters

(Reuters) - MasterCard Inc, the world's second-largest payments processor, reported a 33 percent rise in quarterly profit as customers spent more using its network on the back of a strengthening U.S. economy.

MasterCard's net income rose to $1.57 billion, or $1.50 per share, in the second quarter ended June 30, from $1.18 billion, or $1.10 per share, a year earlier.

The Purchase, New York-based company's total revenue rose 20 percent to $3.67 billion.

(Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 26 2018 | 5:41 PM IST

Explore News