MasterCard Keeps Delivering Record Results

For a long time, many have seen MasterCard (NYSE: MA) merely as the also-ran to Visa, its chief competitor in the credit card space. Yet MasterCard has been working hard to get the better of its larger rival, following a slightly different strategic vision that's focused on international markets that are only now getting around to developing electronic payment systems and infrastructure. Key acquisitions have also added capabilities to its business, and many have hoped that these moves would help to narrow the gap between the two.

Coming into Thursday's second-quarter financial report, MasterCard shareholders expected to see continued gains in revenue and net income, reflecting solid conditions for the global economy. Its results outpaced those expectations considerably, with record numbers that emphasize the smart execution that the payment network specialist has achieved. Let's look more closely at what the latest results say about the company and its prospects.

Image source: MasterCard.

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Source: Fool.com