Shares rose 4.7 percent in pre-market trading on the news.
The Purchase, New York-based card processing company reported net income of $716 million, or $5.63 per share, up from $519 million, or $3.94 per share, a year before.
Analysts had estimated MasterCard would earn $4.82 per share, according to Thomson Reuters I/B/E/S.
MasterCard has increased its efforts to poach U.S. business from rival Visa Inc
MasterCard shares have risen 50 percent this year, bucking a broader, year-long decline in financial services stocks.
(Reporting by Joe Rauch in Charlotte, N.C., and Ben Berkowitz in New York, editing by Gerald E. McCormick)