Mastercard: Q3 adjusted net profit up 46%

(CercleFinance.com) - Mastercard has reported a 46% increase in Q3 2021 adjusted net profit to 2.
3 billion dollars, i.e. 2.37 dollars per share, with its adjusted operating margin up 1.8% at 56.7%.

The payment solutions group's revenues rose by 30% to 5 billion dollars (+29% excluding FX factors), a rise that includes a 3-point gain resulting from acquisitions.

The group said that its performance was driven by the execution of its strategy, strong domestic spending and solid growth in cross-border spending, which recently returned to pre-pandemic levels.

The share is up almost 2.5% in pre-market trading today.


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