Mastercard's quarterly profit rises 21 percent

Send a link to a friend  Share

[October 31, 2017]  (Reuters) - Mastercard Inc <MA.N>, the world's second-biggest payments network, reported a 21 percent rise in quarterly profit on Tuesday as consumers spent more globally and it fought for market share over other payment channels.

A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/Illustration

Net income rose to $1.43 billion or $1.34 per share in the third quarter ended Sept 30, from $1.18 billion or $1.08 per share.

Analysts on average were looking for $1.23 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.

Net revenue rose 18 percent to $3.40 billion.

Mastercard's bigger rival Visa Inc <V.N> posted a rise in quarterly profit that beat estimates, fueled by higher spending.

(Reporting By Aparajita Saxena in Bengaluru; Editing by Bernard Orr)

[ 2017 Thomson Reuters. All rights reserved.]

Copyright 2017 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Back to top