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Mastercard profit jumps 36% on vaccine-fueled spending boost

Credit: REUTERS/Thomas White

Mastercard Inc reported a nearly 36% jump in second quarter profit on Thursday, helped by an improvement in overall spending and a recovery in cross-border volumes.

July 29 (Reuters) - Mastercard Inc MA.N reported a nearly 36% jump in second quarter profit on Thursday, helped by an improvement in overall spending and a recovery in cross-border volumes.

Net income, excluding exceptional items, rose to $1.9 billion, or $1.95 per share, from $1.4 billion, or $1.36 per share a year earlier.

Analysts on average had expected a profit of $1.75 per share, according to Refinitiv IBES data.

(Reporting by Sohini Podder in Bengaluru; Editing by Saumyadeb Chakrabarty)

((Sohini.Podder@thomsonreuters.com;))

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