Haven't Bought Visa Yet? Consider This
There is a lot to like about Visa (NYSE: V), the world's largest payment processor. It has been an earnings machine, as earnings per share have increased nearly 20% per year over the last 10 years. Investors have seen the stock price increase 28% per year on an annualized basis over the past decade through 2020.
If you've missed out on Visa's fantastic run over the past 10 years, don't dwell on it -- there are a few good reasons why Visa will probably generate double-digit returns over the next decade, too. It enjoys a virtual duopoly in the credit processing space, along with Mastercard. Also, it has a major tailwind in the growth of e-commerce. In 2023, about 22% of global purchases will be made online, according to projections, and by 2040 that's expected to spike to about 95%.
As the world gradually moves away from cash, Visa stands to benefit as much as any company. But there is one metric that really speaks to why Visa has been able to maintain its leadership position and change with the times. If you haven't bought Visa yet, consider this.
Source Fool.com
