MA MasterCard Incorporated

By Matt Grossman

Mastercard Inc. on Thursday logged greater sales and earnings year over year in the third quarter as gross dollar volume improved.

The Purchase, N.Y.-based credit-card company logged earnings of $2.44 a share, a rise from $1.51 a share 12 months ago. Net income rose to $2.41 billion, from $1.51 billion in last year's third quarter.

Stripping out one-time items, the company's adjusted earnings were $2.37 a share. Analysts polled by FactSet had forecast adjusted earnings of $2.19 a share.

Revenue grew to $4.99 billion, from $3.84 billion in the prior-year period. Analysts were expecting revenue of $4.95 billion.

Gross dollar volume grew by 20%, to $2 trillion, in part fueled by solid domestic-spending levels. At the end of the quarter, customers had 2.9 million Mastercard- and Maestro-branded cards, Mastercard said.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

October 28, 2021 08:28 ET (12:28 GMT)

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