Per-swipe transactions continue to rise in America, but the real growth for MasterCard (and, for the record, its peer Visa (NYSE:V) that doesn’t have a pricey per-share valuation) is coming from emerging markets in Latin America and Asia where reliance on bank accounts and debit cards are on the rise.
MasterCard stock is up almost 20% year-to-date on strong growth, and has doubled since January 2011. It’s no secret why — revenue is up for 12 consecutive quarters, year-over-year, and fiscal 2012 earnings are on track to jump about 50% over 2011 numbers.
Clearly the consumer spending fears don’t matter for MasterCard, where swipes for consumer staples are just as nice as swipes for luxury goods. Mastercard reports earnings Aug. 1. For more detail, read Charles Sizemore’s take on the power of MasterCard.