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With a market cap of $419.42 billion, Mastercard Incorporated (MA) is a top global payment solutions company. It supports credit, debit, mobile, web-based, contactless payments, and other electronic payment programs for financial institutions and other organizations. Founded in 1966 and based in Purchase, New York, Mastercard offers a range of services to account holders, merchants, financial institutions, digital partners, businesses, governments, and more. The company is best known for its innovative and secure payment solutions, including its popular products like Mastercard, Maestro, and Cirrus.
Mastercard shares underperformed the broader market over the past year. The stock has gained 22.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.9%. But in 2024, MA stock has gained 5.8%, while the SPX is up 11.2% on a YTD basis.