MasterCard Inc. this morning reported fourth quarter net income of $415 million, up 41.6% from $294 million during the same period the previous year. Net revenues rose 10.8%, to $1.44 billion from $1.3 billion, driven by an 18.7% increase in cross-border volumes and other factors, MasterCard said in its Feb. 3 earnings release.
In the U.S., holders of MasterCard-branded cards initiated 1.55 billion credit and charge card purchases during the quarter, up 2% from 1.52 billion a year earlier. Sales on the cards totaled $126 billion, up 2.4% from $123 billion (see chart).
Debit MasterCard purchases, including activity from PIN-debit brands that also appear on the cards, totaled 2.23 billion, up 3.2% from 2.16 billion. Sales on the cards totaled $88 billion, up 3.5% from $85 billion.
Worldwide outside the U.S., credit and charge card purchase volume totaled 3.45 billion, up 10.9% from 3.11 billion. Sales on the cards totaled $300 billion, up 13.6% from $264 billion.
Debit card purchase volume outside the U.S. totaled 916 million, up 33.9% from 684 million. Sales on the cards totaled $53 billion, up 26.2% from $42 billion.
Regionally, total purchase volume in Europe was $168 billion, up 7.7% from $156 billion. Cardholders in the region initiated 2.13 billion purchases, up 13.9% from 1.87 billion during the same time last year.
Purchase volume in the Asia-Pacific, Middle East and Africa region totaled $121 billion, up 27.4% from $95 billion. Cardholders in the region initiated 1.32 billion purchases, up 15.8% from 1.14 billion.
Purchase volume in Latin America increased 22.6%, to $38 billion from $31 billion, while purchase transactions in the region totaled 626 million, up 21.3% from 516 million.
Total purchase volume in Canada was $26 billion, up 8.3% from $24 billion last year. Cardholders in Canada initiated 291 million purchases, up 7.8% from 270 million.
