MasterCard increased quarterly profit 4.5 times, annual - 1.5 times

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Net profit of the second after Visa payment system in the world increased 4.5 times in the fourth quarter of 2018 and amounted to $900 million compared to $200 million in 2017. Earnings per share rose to $0.87 versus $0.21 a year earlier. Adjusted earnings per share increased from $1.14 to $1.55. Expert forecasts were lower - $1.52 per share. MasterCard increased revenue by 15% - from $3.3 billion to $3.8 billion. The volume of payments with the usage of the system grew by 14% in the fourth quarter and totaled $1.5 trillion. The number of transactions through MasterCard increased by 17%. In the third quarter, the company bought back its shares for $888 million. By the end of January 2018, 2.5 billion cards were issued under the Maestro and MasterCard brands. Last year, the company increased its profit by one and a half times, and its revenue - by 20%. MasterCard capitalization jumped 18% to $205.77 billion.

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