Today Mastercard, Inc. (NYSE:MA) announced its fourth-quarter and full-year financial results for 2019 and beat Wall Street estimates. Mastercard shares were up 1% in premarket trading. 

The Company reported a net income for the fourth-quarter of USD 2.1 billion, or diluted earnings per share (EPS) of USD 2.07 and an adjusted net income for the fourth-quarter of USD 2 billion, or adjusted diluted EPS of USD 1.96. 

Fourth-quarter net revenue of Mastercard was USD 4.4 billion in 2019, with an increase of 16%, or 17% on a currency-neutral basis. The fourth-quarter gross dollar volume, the dollar volume of transactions processed, was up 12% and purchase volume up 13%, compared to the same period last year. 

Mastercard reported a net revenue for the full-year 2019 of USD 16.9 billion, compared to USD 15 billion in 2018. The full-year net income was USD 8.1 billion, or diluted earnings per share of USD 7.94 and adjusted net income was USD 7.9 billion, or adjusted diluted EPS of USD 7.77.

Ajay Banga, Mastercard’s President and CEO, said:

“We closed out 2019 on a strong note, with broad-based growth driven by solid execution of our strategy and leveraging our differentiated services offerings.Our focus on the customer and delivering against their goals continues to drive core growth. With recent acquisitions helping to round out our multi-rail strategy and capabilities in key areas, such as digital, cyber and analytics, we are well positioned for the future.”

Mastercard is a technology company in the global payments industry with a global payments processing network that connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries.