Mastercard’s (MA) shares gained about 2% at the start of trading on Thursday after the payments giant posted fourth-quarter results that beat Wall Street forecasts on profits and revenue.
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During the three-month period that ended on December 31, the New York-based company grew its adjusted earnings per share by 25% to $4.76 on revenue of $8.81 billion. Revenue rose 18% from $7.48 billion last year, with both metrics exceeding the consensus EPS of $4.24 and revenue of $8.78 billion.
This came with a quarterly net income of $4.1 billion, which is a 225 increase from the $3.3 billion during the same period last year.
The company’s gross dollar volume grew 7% to $2.8 trillion when foreign exchange swings are stripped out. This volume is the total value of all purchases and cash withdrawals made on Mastercard cards before any fees or expenses.