MasterCard Incorporated Reports Third-Quarter EPS of $3.94

MasterCard Incorporated MA today announced financial results for the third quarter 2010. The company reported net income of $518 million, up 14.6%, and earnings per diluted share of $3.94, up 14.2%, in each case versus the year-ago period.

Net revenue for the third quarter of 2010 was $1.4 billion, a 4.7% increase versus the same period in 2009. On a constant currency basis, net revenue increased 7.3% compared to the same period in 2009, driven by the revenue impact of the following:

• An increase in cross-border volumes of 15.4%; and
• An 8.5% increase in GDV on a local currency basis, to $685 billion.