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Headquartered in Purchase, New York, Mastercard Incorporated (MA) is a global leader in transaction processing and payment solutions. Valued at a market capitalization of $481.6 billion, the company provides payment processing services for credit and debit cards, electronic cash, ATMs, and travelers' checks.
Shares of this payment behemoth have slightly underperformed the broader market over the past year. MA has gained 34.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 36.8%. In 2024 alone, MA’s stock rose 23%, compared to the SPX’s 25.7% rise on a YTD basis.