Global Q2 Profits for Top 4 U.S. Networks Top 20% YOY – Fueled by Mastercard +33% YOY

Profits for the top four networks were all over the map year-on-year (YOY) in the second quarter (2Q/18). The network peer group net income (after tax) soared 20.8% YOY for 2Q/18, largely driven by Mastercard. Visa, Mastercard, American Express and Discover reported a combined 2Q/18 (after tax) profit of $6190 million, compared to $6397 million…