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However, adjusted profit came in slightly ahead of estimates as
customers spent more during the holiday shopping season.
MasterCard, whose shares were down 1.8 percent in premarket
trading, reported revenue of $2.76 billion for the quarter ended
Dec. 31 - a rise of 9.5 percent from a year earlier but short of
the average analysts' estimate of $2.79 billion.
The company's net income rose 4.8 percent to $933 million, or 86
cents per share, in the period, from $890 million, or 79 cents
per share, a year earlier.
On an adjusted basis, MasterCard also earned 86 cents per share,
beating the average analysts' estimate by a cent, according to
Thomson Reuters I/B/E/S.
MasterCard, which processes more than 65,000 transactions every
minute, said gross dollar volumes in the rose 9 percent to $1.2
trillion in the fourth quarter on a local currency basis.
The United States, the company's largest market, accounted for a
little under a third of the total.
MasterCard, which deals in 150 currencies, said cross-border
volumes - the value of transactions made by card holders outside
the home country of the card-issuer - increased 13 percent.
Up to Monday's close of $109.30, the company's shares had risen
about 23 percent in the past 12 months.
Visa Inc <V. n>, the world's biggest payments processor, will
report quarterly results on Thursday.
(Reporting by Nikhil Subba in Bengaluru; Editing by Ted Kerr)
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