MasterCard has reported a net income of $801m, or $0.69 per diluted share, for the fourth quarter of 2014, a 29% increase compared to $623m, or $0.52 per diluted share, for the same period of 2013.
Net revenue for the fourth quarter of 2014 was $2.4bn, a 14% increase versus the same period in 2013 as-reported and 17% increase adjusted for currency.
Total operating expenses increased 26%, or 29% adjusted for currency, to $1.4bn, during the fourth quarter of 2014 compared to the same period in 2013, excluding that period’s special item.
Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the fourth quarter of 2013, to $858bn. As of 31 December 2014, the company’s customers had issued 2.1 billion MasterCard and Maestro-branded cards.
MasterCard president and CEO Ajay Banga said: "Despite a mixed global economy, we delivered solid results for the quarter and for the full year in 2014.
"Looking ahead, we will continue to be at the forefront of our industry by driving payment innovation with solutions such as MasterPass, and by increasing electronic payments usage globally as demonstrated by our significant expanded acceptance footprint across Africa."