Mastercard posted higher profit as payment network and services revenue both rose |
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Mastercard posted higher profit as payment network and services revenue both rose
Net revenue rose 14% to $9.8 billion as value-added services revenue grew 19% and payment network revenue rose 11%
Cheng Xin / Getty Images
Mastercard $MA reported higher third-quarter profit on Thursday as revenue grew in both its payment network and value-added services businesses.
Net income totaled $4.6 billion, which worked out to $5.28 per share, up from $3.9 billion, or $4.34 per share, in the same quarter last year. Adjusted net income was $4.7 billion, and adjusted earnings per........