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Mastercard Inc Class A MA

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Mastercard Bounces Back in Second Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Like its peer Visa, wide-moat Mastercard saw its growth explode during the second quarter as it fully lapped the onset of the pandemic. While year-over-year comparisons are distorted by the ups and downs of the pandemic, we think the underlying results from the networks have shown sustained recovery in recent quarters, and the second quarter maintained that trend. Headwinds still exist, but at this point they seem largely contained within cross-border volume. We will maintain our $320 fair value estimate.

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Company Profile

Business Description

Mastercard is the second- largest payment processor in the world, having processed $4.8 trillion in purchase transactions during 2020. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.

Contact
2000 Purchase Street
Purchase, NY, 10577
T +1 914 249-2000
Sector Financial Services
Industry Credit Services
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 21,000

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