By Kimberly Chin

 

Mastercard Inc. logged greater earnings and revenue for the fourth quarter, boosted by strong spending trends.

The Purchase, N.Y.-based credit-card company posted earnings of $2.38 billion, compared with $1.79 billion in the year-ago quarter. Per-share earnings rose to $2.41 from $1.78 a year earlier.

Stripping out one-time items, adjusted earnings were $2.35 a share. Analysts polled by FactSet had forecast adjusted earnings of $2.21 a share.

Revenue was $5.22 billion, up from $4.12 billion in the prior year's period. Analysts were expecting revenue of $5.17 billion.

Gross dollar volume increased 23% to $2.1 trillion. At the end of the quarter, customers had issued 3 billion Mastercard- and Maestro-branded cards, Mastercard said.

Operating expenses rose 16% from the previous year to $2.39 billion.

Last month, Mastercard acquired digital startup Dynamic Yield Ltd. from McDonald's Corp. The financial terms weren't disclosed.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

January 27, 2022 08:34 ET (13:34 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
MasterCard (NYSE:MA)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more MasterCard Charts.
MasterCard (NYSE:MA)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more MasterCard Charts.