NEW YORK — MasterCard’s net income rebounded in the fourth quarter as its overseas business continued to expand, the company said. The results benefited by comparison to the year-earlier quarter, which was weighed down by a legal charge.
Net income rose to $605 million, or $4.86 per share, from $19 million, or 15 cents, a year earlier. Revenue rose 10 percent to $1.90 billion.
MasterCard processed 20 percent more transactions than a year before; it is expanding most quickly in Latin America and the region that includes Asia, the Middle East, and Africa.
For all of 2012, MasterCard earned $2.76 billion, or $21.94 per share, on revenue of $7.39 billion.
During the most recent quarter, management repurchased about 1.3 million shares of the company for $613 million. Repurchasing shares is a way of returning profits to shareholders. It boosts the value of each share that remains in investors’ hands.
On Thursday, the stock rose $2.40 to $518.40.