** charts after earnings **
MasterCard beats by $0.10, misses on revs :
- Reports Q4 (Dec) earnings of $0.79 per share, $0.10 better than the Capital IQ Consensus of $0.69; revenues rose 4.4% year/year to $2.52 bln vs the $2.55 bln Capital IQ Consensus. Adjusted for currency, net revenue increased 9%.
- Net revenue growth was driven by the impact of the following:
- A 12% increase in gross dollar volume, on a local currency basis, to $1.2 trillion
- An increase in processed transactions of 12%, to 13.0 billion and
- An increase in cross-border volumes of 12%.
- These factors were partially offset by an increase in rebates and incentives, primarily due to new and renewed agreements and increased volumes.
- Worldwide purchase volume during the quarter was up 12% on a local currency basis versus the fourth quarter of 2014, to $883 billion.
- Operating income for the fourth quarter of 2015 increased 9%, or 17% adjusted for currency, versus the year-ago period. The company delivered an operating margin of 44.0%.