MasterCard Reports 2Q07 Financial Results
MasterCard has announced financial results for second quarter of 2007 reporting net revenues of $997 million, up 17.8% over the same quarter last year of which about 2% of the growth was due to currency fluctuation. MasterCard's gross dollar volume grew 13.3% to $555 billion while transactions processed grew 15.2% to 4.6 billion. Worldwide purchase volume rose 14.8%, on a local currency basis, during the quarter to $414 billion. MasterCard's presentation on its 2Q07 results is available online.
"We are very pleased with our second-quarter financial results, which reflect strong growth across all regions and represent the highest quarterly net revenue in MasterCard's history," said Robert W. Selander, MasterCard president and chief executive officer. "This also marked our 13th consecutive quarter of double-digit GDV growth.
"Our evolution over several years to a more rigorous commercial environment as well as our investment in people and technology have helped us achieve success for our customers and for our shareholders, and we remain absolutely committed to both over the years ahead," added Selander.
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