By Allison Prang
Mastercard Inc. logged an increase in second-quarter revenue and profit and reported higher gross-dollar and cross-border volume.
The credit-card company's profit increased by 45%, to $2.07 billion, or $2.08 a share, up from $1.41 a share a year ago. Adjusted earnings were $1.95 a share.
Net revenue was $4.53 billion, up 36% year over year.
Gross-dollar volume on a local-currency basis climbed 33% and cross-border volume on a local-currency basis rose 58%.
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(END) Dow Jones Newswires
July 29, 2021 08:35 ET (12:35 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.