Mastercard Profits Rise 15% on More Card Use
By wchung | 24 Mar, 2026
MasterCard Inc. says heavier use of credit and debit cards overseas helped push third-quarter profits up by nearly 15 percent.
The payments processor reported Tuesday that net income rose to $518 million, or $3.94 per share. Revenue rose 5 percent to $1.43 billion.
Wall Street was expecting profit of $3.54 per share, on revenue of $1.41 billion.
MasterCard, based in Purchase, N.Y., says new deals with several banks helped increase the number of cards in use bearing its logo to 1.6 billion. Credit card and debit card use dipped in the U.S. but that was offset by a surge in spending on both types of cards worldwide. Overall, spending with MasterCard branded cards rose 8 percent.
In premarket electronic trading, Mastercard shares leaped $13.01, or 5.4 percent, to $252.
NEW YORK (AP)
Articles
- NASA to Spend $20 Billion on Moon Base, Cancel Lunar Orbit Station
- Pakistan Offers to Host Actual Peace Talks—IRL
- Mandopop Legend Jay Chou to Release First Album in 4 Years
- Japan's Cherry Blossom Picnics Pinched by 25% Food Inflation Since 2020
- SK Hynix Places Record $8 Billion Order for ASML EUV Lithography Tools
- TSMC Capacity a Major Bottleneck for AI Buildout Says Broadcom
- BTS Army to Bring $5.3 Billion Spending Power to a City Near You
- Zoox to Expand Robotaxi Service into San Francisco and Las Vegas
- NYSE Partners with Securitize to Develop Tokenized Securities Platform
- World's 25 Most Polluted Cities All in India, Pakistan and China