MasterCard Announces Q4 2007 Financial Results
MasterCard Worldwide reported Q4 2007 financial results this morning. MasterCard’s gross dollar volume increased 15.2%, on a local currency basis, to $634 billion on a 17.2% increase in the number of transactions processed to 5.2 billion. Worldwide purchase volume rose 16.1%, on a local currency basis, during the quarter to $477 billion, driven by increased cardholder spending on a growing number of MasterCard cards. As of December 31, 2007, the company’s financial institution customers had issued 916 million MasterCard cards, an increase of 12.6% over the cards issued at December 31, 2006. An accompanying presentation is also available.
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