Mastercard Inc. (MA), the digital payment network company (not a credit card), reported excellent results for Q3 on Oct. 26. This included large volume increases in data transactions along with massive adjusted free cash flow (FCF). This FC is financing its splurge on stock buybacks that will likely help push MA stock even higher.
Mastercard said its revenue rose 14% YoY and its gross dollar volume was up 11%. Mastercard charges fees based on this volume so this is a good sign for the company's revenue going forward.
