Mastercard’s Q4 2019 Report Supports Its Premium Valuation
Digital payment processing giant Mastercard (NYSE: MA) just finished out 2019 on a strong note. Fourth-quarter business results accelerated once again, leading to yet another big jump in the bottom line. Mastercard stock has been a dead ringer for investors in the last decade, and with the 2020s now upon us, this leader in the war on cash still has lots of good stuff going for it.
Even though Mastercard is a massive operation that hauls in billions in revenue every quarter from its toll booth-like operation (it charges a small fee every time a transaction is processed on its system), the growth story is far from over. Physical money is still by far the preferred method of transacting business around the globe, leaving Mastercard and its fellow war-on-cash peers plenty of room to keep expanding.
In fact, though it is quite large, Mastercard's momentum has been picking up speed as of late after a sleepy start to 2019 -- helped by adoption of digital payments in emerging markets and a string of technology acquisitions the last few years, geared especially toward the company's add-on services like data analytics and digital payment security.
Source Fool.com
