The world's second-largest credit and debit card processing network on Thursday reported a quarterly profit of $415 million, or $3.16 per share. That compared with a year-ago profit of $294 million, or $2.24 per share.
Analysts on average had expected $3.04 per share, according to Thomson Reuters I/B/E/S.
Revenue rose almost 11 percent to $1.43 billion, slightly above expectations. Chief Executive Ajay Banga said revenue growth showed quarter-over-quarter improvement in all regions.
MasterCard and its larger rival Visa Inc
MasterCard's cross-border volumes, which indicate that people are traveling more and using their cards in foreign countries, grew almost 19 percent in the fourth quarter.
On Wednesday Visa reported a 16 percent increase in quarterly profit, to $884 million or $1.23 per share.
MasterCard shares were fractionally lower in premarket trading.
(Reporting by Maria Aspan, editing by Maureen Bavdek and John Wallace)