Net revenue for the first quarter of 2011 was $1.5bn, a 14.8% increase versus the same period in 2010.
In the first quarter of 2011, operating income increased 19.4% over the year-ago period and the company delivered an operating margin of 55.7%.
Worldwide purchase volume during the quarter was up 12.9% on a local currency basis versus the first quarter of 2010, to $545bn.
The number of processed transactions increased 11.1% compared to the same period in 2010, to six billion.
As of 31 March 2011, the company’s customers had issued 1.7 billion MasterCard and Maestro-branded cards.
MasterCard president and CEO Ajay Banga said they had a strong start to 2011 despite the hardships experienced by many consumers and businesses due to natural disasters and political turmoil in several markets.
"Our solid volume and processed transaction growth helped to drive a double-digit revenue increase. This growth is reflective of the strong fundamentals and globality of our business," Banga said.
