Global growth boosts MasterCard 4Q net income

The company took a $500 million charge in late 2011 to cover a settlement with retailers over transaction fees.

Wilfredo Lee /Associated Press

The company took a $500 million charge in late 2011 to cover a settlement with retailers over transaction fees.

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.

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

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.

Associated Press

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of