For the fourth quarter, the company which has beaten analysts' expectations for seven straight quarters, posted a net income of $514 million, or $4.03 a share, compared with $415 million or $3.16 a share last year.
Total revenue was $1.72 billion, up 20 percent.
Excluding items, the company posted a net income of $19 million, or 15 cents a share.
Fourth-quarter revenue is typically higher as consumers buy more during the holiday shopping period and card processors provide higher rebates and incentives to cardholders.
Shares of the Purchase, New York-based company closed at $357.62 on Wednesday on the New York Stock Exchange.
(Reporting by Tanya Agrawal in Bangalore; Editing by Supriya Kurane)