Mastercard Processes A Good Q2

Like Visa, Mastercard is a predictable firm that's almost "boring" in its consistency (but great for shareholders!). In its Q2 report, the firm grew revenues 11%, on the back of a 9% increase in purchase dollar volume, 11% increase in transactions processed, and 17% increase in cross-border payment fees. The company's value-added services and solutions (non-payment processing stuff) grew 18% year-over-year. And Mastercard continues to return voluminous amounts of capital to shareholders, buying back $2.6 billion in shares (share count was down 2% year-over-year) and paying out $615 million in dividends. I'm re-iterating a $459 fair value.

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