MasterCard Inc. this morning reported net income of $518 million for the third quarter ended Sept. 30, up 14.6% from $452 million during the same period last year. Net revenues rose 5.1%, to $1.43 billion from $1.36 billion.
In the U.S., holders of MasterCard-branded cards initiated 1.5 billion credit and charge card purchases during the quarter, up 0.7% from 1.51 billion a year earlier. Sales on the cards totaled $122 billion, up 0.8% from $121 billion.
Debit MasterCard purchases, including activity from PIN-debit brands that also appear on the cards, totaled 2.01 billion, down 4.7% from 2.11 billion. Sales on the cards totaled $79 billion, down 2.5% from $81 billion.
Worldwide outside the U.S., credit and charge card purchase volume totaled 3.28 billion, up 10.8% from 2.96 billion. Sales on the cards totaled $267 billion, up 10.8% from $241 billion.
Debit card purchase volume outside the U.S. totaled 843 million, up 33.4% from 632 million. Sales on the cards totaled $46 billion, up 24.3% from $37 billion.
