By Allison Prang 



  Mastercard Inc.'s revenue in the second quarter tumbled as the Covid-19 pandemic continued to weigh on business, the company reported Thursday. 


  Mastercard said its revenue fell 19% from a year earlier, to $3.34 billion. The company's top line beat the consensus estimate from Wall Street of $3.25 billion, according to FactSet. 


  The revenue drop was in part from a slump in gross-dollar volume, or the value of card transactions, which fell 10% on a local currency basis. Also leading to the decline in revenue was a downturn in cross-border volume, which slid 45% on a local currency basis, and switched transactions, which fell 10%. 


  The company reported earnings of $1.42 billion, or $1.41 a share, for the quarter ended in June. Those earnings declined from $2.05 billion, or $2 a share, a year ago. 


  Adjusted earnings were $1.36 a share. Wall Street expected $1.16 a share, according to FactSet. 


  For the quarter, the company recorded a $22 million litigation provision. Those charges were related to fees and litigation settlements with merchants in the U.K. and Pan-Europe, Mastercard said. 


  Write to Allison Prang at allison.prang@wsj.com