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Mastercard profit jumps in second quarter

Mastercard profit jumps in second quarter

Reuters · 07/28/2022 08:03
Mastercard profit jumps in second quarter

- Mastercard Inc MA reported a jump in second-quarter profit on Thursday as a surge in cross-border spending sparked by this year's travel boom more than offset higher costs.

Profit for the three months ended June 30 was $2.3 billion, or $2.34 per share, compared with $2.1 billion, or $2.08 per share, a year earlier.





(Reporting by Niket Nishant in Bengaluru; Editing by Aditya Soni
)

((Niket.Nishant@thomsonreuters.com;))