Mastercard Posts Higher 4Q Profit, Revenue
January 27 2022 - 08:49AM
Dow Jones News
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)
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