Net revenue for the quarter period ended on 30 September stood at $1.9bn, with an increase of 5% from $1.8bn during the corresponding period earlier year.
Adjusted for currency, net revenue increased by 10% compared to the same period in 2011, driven by a 14% increase in gross dollar volume on a local currency basis, to $918bn.
Net revenue growth was also impacted by an increase in processed transactions of 24%, to 8.7bn and rise in cross-border volumes of 14%.
The effective tax rate stood at 27.6%, against a rate of 30.5% in the comparable period in 2011, due to a discrete benefit related to additional export incentives and from a deduction to the Company’s authorization software.
Income before income taxes was $1.06bn, with an increase of 3.5% from $1.03bn during the comparable period last year.
MasterCard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 geographies and territories.
