James HesterMastercard was poised for a positive start to US trading after it exceeded third-quarter revenue and earnings forecasts.
Revenue jumped 18% on the year-ago period to $3.4bn, benefiting from rising transaction volumes.
Earnings rose to $1.4bn, up from $1.2bn in 2016.
Quarterly highlights
Among the quarterly highlights was a 17% rise in switched transaction volumes, to 16.9 billion.
This was accompanied by a 10% jump in gross dollar volume to $1.4 trillion.
Additionally, Mastercard reported a 15% increase in cross-border volumes.
On the negative side, some of the progress was offset by a rise in rebates and incentives, primarily due to new and renewed agreements and increased volumes.
Security measures
Ajay Banga, Mastercard president and chief executive, said the company was focusing investment on security measures to protect its customers, including areas such as biometrics, tokens, encryption and artificial intelligence.
“These results reflect a continued momentum in strengthening and extending relationships with our partners and customers,” added Banga.
