Mastercard's third-quarter profit soars 60%

Reuters | Updated: 28-10-2021 17:58 IST | Created: 28-10-2021 17:33 IST
Mastercard's third-quarter profit soars 60%
Representative Image Image Credit: ANI

Mastercard Inc reported a nearly 60% rise in third-quarter profit on Thursday, spurred by an improvement in domestic spending and a healthy recovery in cross-border spending.

The payments giant's net income was $2.4 billion, or $2.44 per share, for the quarter ended Sept. 30, from $1.5 billion, or $1.51 per share, a year earlier.

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