Mastercard Inc’s (NYSE:MA) shares are now near all-time highs, as its consistent and steady growth has driven the stock to amazing heights since its IPO a little more than a decade ago. Since going public, Mastercard’s stock price has skyrocketed more than 2,400%! More recent investors have nothing to complain about either as shares have increased nearly 13% year-to-date. Its recent quarter is just another impressive benchmark in its life as a public company.
Mastercard continued its winning ways with a first quarter earnings report that showcased impressive year over year growth. Net revenue came in at $2.7 billion, a 12% increase, and adjusted EPS rose 17% to $1.01. Mastercard’s other business metrics looked healthy too. For instance, it reported 14.7 billion switched transactions, an incredible 17% increase over last year’s first quarter numbers.