Mastercard looks to new markets for continued growth.
Wide-moat Mastercard continued its strong performance during its second quarter. The company reported net revenue growth of 20%, while GAAP EPS climbed 36%. However, we’ll remind investors that this growth was affected by new revenue recognition rules that require Mastercard to book revenue and expenses sooner, otherwise revenue growth would have been 4% lower. Excluding adjustments for currency, net revenue grew 18%, while EPS soared 48% from the previous year. We’ll be making adjustments to ou...Mastercard is a technology company in the global payments industry. The company's solutions enabling consumers to use electronic forms of payment instead of cash and checks. The company provides a range of payment solutions and services using its brands, including Mastercard?, Maestro? and Cirrus?. The company is a multi-rail network that provides customers one partner to turn to for their domestic and cross-border payment needs. The company has additional payment capabilities that include automated clearing house transactions. The company also provides offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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