Net revenue for the fourth quarter of 2010 was $1.4bn, a 10.7% increase versus the same period in 2009. On a constant currency basis, net revenue increased 13% compared to the same period in 2009.
Net revenue growth was driven by the impact of the following: an increase in cross-border volumes of 18.7%; an 11% increase in gross dollar volume on a local currency basis, to $752bn; and pricing changes of approximately 5 percentage points.
Worldwide purchase volume during the quarter was up 10.8% on a local currency basis versus the fourth quarter of 2009, to $567bn.
The number of processed transactions increased 6.3% compared to the same period in 2009, to 6.2 billion.
As of 31 December 2010, the company’s customers had issued 1.6 billion MasterCard and Maestro-branded cards.
In the fourth quarter of 2010, operating income increased 21.6% over the year-ago period and the company delivered an operating margin of 39.6%.
For the year ended 31 December 2010, MasterCard reported net income of $1.8bn, or $14.05 per diluted share.
Net revenue for the full-year 2010 was $5.5bn, an increase of 8.6% versus 2009.
