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News and Views: MasterCard Second-Quarter Earnings

MasterCard reported its second-quarter earnings on July 31. Highlights included an expanded relationship with merchants, a continued investment in technology and acquisitions to enhance products and services, and a focus on financial inclusion.Quote_AjayBanga Q2 2014

For the second quarter, MasterCard reported net income of $931 million, up 10%, and earnings per diluted share of $0.80, up 14% in each case versus the year-ago period. Net revenue was $2.4 billion, a 13% increase versus the same period in 2013, both as-reported and adjusted for currency.

“We are pleased with another quarter of solid performance, driven by healthy volume and revenue growth,” said Ajay Banga, president and CEO, MasterCard. “We continue to invest in our strategic initiatives, including acquisitions, while strengthening partnerships with banks, merchants, governments and mobile operators to grow and improve our business and theirs.”

For more information on MasterCard’s second-quarter 2014 financial results, please view full press release and perspective from MasterCard CFO, Martina Hund-Mejean.