MasterCard 1Q profit rises 24 percent

MasterCard 1Q profit rises 24 percent
Tags: Debit / Credit, Public Companies
May 4, 2010

MasterCard saw spikes in profit and revenue for the first quarter of 2010.

According to the Associated Press, MasterCard's first quarter profit rose 24 percent, earning $455 million ($3.46 per share), compared to $367 million ($2.81 per share) in the first quarter of 2009. Revenue climbed 13 percent to $1.31 billion, compared to $1.16 billion in 2009.

The profits reflected a 5 percent growth in the number of transactions processed, as well as an 11 percent increase in MasterCard's international volume.