MasterCard has reported a net income of $890m or $0.79 per diluted share for the fourth quarter of 2015, an increase of 11% compared to $801m or $0.69 per diluted share in the prior year quarter.
For the quarter ended 31 December 2015, the company’s net revenue was $2.52bn, an increase of 4% compared to $2.41bn in the corresponding quarter of 2014.
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On a local currency basis, purchase volume growth for the quarter was surged by 12% to $883bn compared to the prior year. Cross-border volume growth, on a local currency basis, was 12% for this quarter.
Total processed transactions representing processed transaction surged by 12% to 13 billion versus a year ago.
MasterCard’s total operating expenses stood at $1.4bn, up 4% from the previous year quarter, primarily due to continued investments to support strategic initiatives, as well as due to the acquisitions.
The acquisitions contributed about four percentage points of the FX-adjusted growth, the company said in its earnings statement.
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By GlobalDataMasterCard president and CEO Ajay Banga said: "We continue to be laser focused on our strategy to lead payment innovation in an increasingly digital world with solutions such as MasterPass, while growing the use of electronic payments through our products, partnerships and increased acceptance at the point-of-sale."
