MasterCard Inc. on Aug. 3 reported net income of $458 million for the second quarter ended June 30, up 31.2% from $349 million during the same period last year. Revenues net of operating expenses totaled $1.37 billion, up 7% from $1.28 billion.
Basic earnings per share totaled $3.50, up 29.6% from $2.70.
Worldwide credit and charge card purchase volume during the quarter rose 9.8%, to $370 billion from $337 billion; purchase-transaction volume rose 6.7%, to 4.62 billion from 4.33 billion.
In the U.S., credit and charge card purchase volume during the quarter rose 0.8%, to $121 billion from $120 billion; purchase-transaction volume dropped 1.3%, to 1.48 billion from 1.5 billion.
Worldwide debit purchase volume grew by 7%, to $123 billion from $115 billion, while purchase transaction volume rose 5.9%, to 2.87 billion from 2.71 billion.
In the U.S., debit purchase volume stayed flat at $82 billion, while purchase transaction volume fell 0.5%, to 2.11 billion from 2.12 billion. U.S. debit volume includes all activity on debit MasterCards, including transactions switched by other networks whose brand marks also are on the cards.