Wide-Moat Mastercard Continues to Benefit From Long-Term Tailwinds in 3Q
Wide-moat Mastercard continued to post impressive revenue growth in the third quarter across all aspects of its business. Domestic assessments rose 15% during the past 12 months, transaction processing revenue expanded by 22%, and cross-border volume fees increased 16%. The company’s other revenue, including its consulting and analytics offerings and the newly acquired Vocalink ACH platform, grew 21%. We expect healthy growth to continue over the next five years as the dual tailwinds of global s...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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