7/29, 2:03 PM (Source: TeleTrader)
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Mastercard Q2 revenue at $4.5B, up 36% YoY

Mastercard unveiled on Thursday that its revenue for the second quarter of the year stood at $4.5 billion. This marks a 36% increase when compared to the same period last year.

For this trimester, the financial service provider's net income went from $1.4 billion to $2.1 billion, constituting a 46% per annum gain. Additionally, Mastercard's diluted earnings per share rose 48% year-over-year climbing to $2.08.

Michael Miebach, Mastercard CEO, commented on the report: "We delivered solid revenue and earnings growth this quarter, fueled by the execution of our strategy and the continued recovery in domestic and cross-border spending. International travel is still in the early stages of recovery and represents additional upside potential."

Shares of Mastercard increased 0.80% in the premarket trade following the release of the report.

Breaking the News / OL