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MasterCard Second Quarter Earnings Call
Author: 123jump.com Staff
123jump.com
Last Update: 6:32 AM EDT August 06 2007

The card franchise’s profit growth was primarily fueled by an increase in cardholder spending abroad. Revenue climbed 18% to $997 million and 2% of revenue growth was due to the weakening dollar. The second quarter marked the 13th quarter in a row of double-digit growth in gross dollar volume for Mastercard. GDV added 16% to $555 billion, while U.S. volume rose 9.8% to $255 billion. Total operating expenses increased 3.2% to $725 million on personnel and legal costs.

 

 

 
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