MasterCard and Visa Financial Results Released

MasterCard and Visa Financial Results Released

Posted by John B. Frank Thursday, July 31, 2008

MasterCard has reported financial results for the second quarter of 2008.

"MasterCard's worldwide purchase volume during the quarter rose 14.0% to $493 billion and its gross dollar volume increased 12.8% to $655 billion. Transactions processed grew 13.6% to 5.2 billion. MasterCard reported 951 million MasterCard cards issued, up 11%. Net revenue for the second quarter of 2008 was $1.2 billion, up 25.0%. Pricing changes contributed approximately 5 percentage points of the net revenue growth".

Click the links to view the webcast ...or to view the accompanying presentation.

Yesterday, Visa Inc. also released it's third quarter financial results) stating that:

"payments volume grew 19% to $652 billion and total volume, including cash, grew 22% to $1.0 trillion. Cards issued grew 14% worldwide to 1.6 billion and payments transaction volume grew 15% to 10.7 billion transactions. Total processed transactions were 9.5 billion, up 13%."

Click the links to view the webcast. or if you prefer, a presentation on the quarterly results can be viewed by clicking that link.

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