Mastercard's revenue surged 14% to $9.28 billion in the second quarter, fueled by robust growth in its payment network. The company reported a profit of $4.39 billion, or $4.97 a share, a significant increase from the $3.70 billion, or $4.07 a share, recorded in the same period last year.

Adjusted earnings per share, excluding certain one-time items, reached $5.04, surpassing the $4.77 estimate from analysts surveyed by Fact Set. This performance exceeded expectations, with revenue also coming in higher than anticipated.

Analysts had projected revenue of $9.08 billion