MasterCard Announces 3Q2010 Financial Results

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MasterCard this morning has announced financial results for the third quarter 2010. The company reported gross dollar volume increased 8.5% on a local currency basis to $685 billion, cross border volumes increased 15.4% and processed transactions increased 0.6% compared to the same period in 2009, to 5.8 billion.

"Consumers and businesses around the world continue to recognize the benefits of electronic payments and MasterCard remains at the heart of this evolution," said Ajay Banga, MasterCard president and chief executive officer. "Our year-to-date net income is up over 22%, aided by strong volume growth from markets outside of the U.S."

Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

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MasterCard Announces 3Q2010 Financial Results

Tags » MasterCard  » Comments (0)

MasterCard this morning has announced financial results for the third quarter 2010. The company reported gross dollar volume increased 8.5% on a local currency basis to $685 billion, cross border volumes increased 15.4% and processed transactions increased 0.6% compared to the same period in 2009, to 5.8 billion.

"Consumers and businesses around the world continue to recognize the benefits of electronic payments and MasterCard remains at the heart of this evolution," said Ajay Banga, MasterCard president and chief executive officer. "Our year-to-date net income is up over 22%, aided by strong volume growth from markets outside of the U.S."

Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

View the original article here

Visa Reports Fiscal Fourth Quarter and Full-Year 2010 Financial Results

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Visa has announced financial results for its fiscal fourth quarter and full-year 2010 which ended September 30, 2010 with GAAP net operating revenue for the quarter of $2.1 billion, an increase of 13% over the prior year and driven by "strong contributions across all revenue categories, in particular data processing and international transaction revenues." GAAP net operating revenue in the full-year was $8.1 billion, an increase of 17% over the prior year.

Some quarterly highlights: Payments volume growth, on a constant dollar basis for the three months ended June 30, 2010 on which fiscal fourth quarter service revenue is recognized, was a positive 14% over the prior year at $802 billion. Payments volume growth, on a constant dollar basis, for the three months ended September 30, 2010, was a positive 14% over the prior year at $828 billion. Cross border volume growth, on a constant dollar basis, was a positive 16% for the three months ended September 30, 2010. Total processed transactions, which represent transactions processed by VisaNet, for the three months ended September 30, 2010, totaled 12.1 billion and were a positive 16% increase over the prior year. A conference call replay, presentation and more detailed operational performance data are available online.

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