"Post-financial crisis, pre-pandemic, Mastercard grew earnings at a 10-year CAGR [compound annual growth rate] of 20%," according to Lisa Ellis, a senior research analyst at MoffettNathanson, LLC. "For context, earnings growth of the S&P, market overall is like in the high single digits."
While Visa outpaces Mastercard in terms of cards in circulation, net revenue and market share based on purchase transactions, Mastercard's stock has outperformed Visa's over the past 5 years. "It has faster top-line growth and it has that acquisitive nature that gives it a premium," said Dominick Gabriele, senior analyst at Oppenheimer & Co. "People do believe one day it could get to that same margin that Visa has and they're also taking some partners away.""Visa did not use to own Visa Europe. It was branded Visa, but it was still a separate entity," said Ellis.
"That's obviously a really big cross-border hub as well," explained Gabriele. "So, it's kind of a double benefit to revenue when you have more market share in Europe in particular."above to see how Mastercard is competing favorably against the No. 1 card company Visa.
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