Mastercard cross-border volumes up 19 Percent

Mastercard results released on Thursday (July 26) showed growth in international transactions, where double-digit percentage gains outpaced other metrics such as gross dollar volumes, which also showed healthy growth.
All in, revenue growth was 20 percent in the quarter, which in part reflected the benefit of acquisitions and revenue recognition changes. Those factors gave four percentage points of tailwind to the total top line. The tally of $3.7 billion bested Street estimates by just about $20 million, while earnings as reported on an adjusted basis came in at $1.66, which was 13 cents better than consensus. Read more…