Mastercard Credits Key Acquisitions For Recent Wins
Mastercard (NYSE: MA) provides the payment rails for money to travel from its cardholders' accounts to merchants' accounts every time one of its cards is used to make a purchase or pay a bill. By doing this without taking on any credit risk -- leaving that to the card-issuing financial institutions -- Mastercard consistently produces robust top- and bottom-line growth with high operating margins, leading it to S&P 500-crushing returns over the trailing one-, five-, and 10-year periods.
When the company reported its 2019 second-quarter results, the excellence continued. Revenue rose to $4.11 billion, a 12% increase year over year, and adjusted earnings per share grew to $1.89, a 14% increase over last year's second quarter. The strong revenue and earnings growth were driven by a 6% increase in cards in circulation and an 18% growth in switched transactions, the number of times Mastercard products were used.
Mastercard's new acquisitions are giving the company new capabilities and an extended reach. Image source: Getty Images.
Quelle Fool.com
