Mastercard Incorporated
Foreign stocks · NYSE · Finance · Payment systems
Credit and debit card payment network. Revenue comes from a fee every time a card is used on the network. It does not lend itself, so it bears no bad-debt risk from cardholders
For every 100 dollars of sales: operating expenses 42 · tax and other items 12 · leaving 46 as net profit
Investors in Thailand can buy MA through 50 mutual funds open to retail investors. Most of them (51 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds MA.
| Fund | MA weight | How it invests | 1-year return |
|---|---|---|---|
 LHUSFIN-ALH US Financial Fund | 6.57% | Via IYG | +3.50% |
 TUSFIN-ATISCO US Financial Fund | 5.90% | Via XLF | +7.50% |
 SCBGEQSCB GLOBAL EQUITY FUND | 5.32% | Via Veritas Global Focus | −1.70% |
 ES-GCG-AEASTSPRING Global Capital Growth Fund | 5.15% | Via Amundi Funds Polen Capital Global Growth Fund | −15.02% |
 MGFRMFMFC Global Focus Retirement Fund | 5.14% | Via Threadneedle (Lux) - Global Focus Fund | +6.44% |
| ES-GCGRMFEastspring Global Capital Growth RMF | 5.14% | Via Amundi Funds Polen Capital Global Growth Fund | −14.94% |
| MGFGAMFC Global Focus Fund | 5.12% | Via Threadneedle (Lux) - Global Focus Fund | +5.97% |
 PRINCIPAL GLEADER-APrincipal Global Leaders Equity Fund | 4.98% | Via Brown Advisory Global Leaders Fund | −4.19% |
| PRINCIPAL USEQ-APrincipal US Equity Fund | 4.51% | Via USMC | +3.81% |
 KFGLOBAL-AKrungsri Global Unconstrained Equity Fund | 4.46% | Via BlackRock Global Unconstrained Equity Fund | +3.77% |
Yearly average over the last 4 years · Latest annual sales 32.8B USD
For every 100 dollars of sales, about 46 dollars is left as net profit
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
Now close to its 1-year high
| Item (USD) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total revenue | 18.9B USD | 22.2B USD | 25.1B USD | 28.2B USD | 32.8B USD |
| Operating profit | 10.1B USD | 12.3B USD | 14.0B USD | 15.6B USD | 18.9B USD |
| Net profit | 8.7B USD | 9.9B USD | 11.2B USD | 12.9B USD | 15.0B USD |
| EPS (diluted) | 8.76 | 10.22 | 11.83 | 13.89 | 16.52 |
| Operating margin | 53.4% | 55.2% | 55.8% | 55.3% | 57.6% |
| Net margin | 46.0% | 44.7% | 44.6% | 45.7% | 45.6% |
| Operating cash flow | 9.5B USD | 11.2B USD | 12.0B USD | 14.8B USD | 17.6B USD |
| Free cash flow | 9.1B USD | 10.8B USD | 11.6B USD | 14.3B USD | 17.2B USD |
| Total assets | 37.7B USD | 38.7B USD | 42.4B USD | 48.1B USD | 54.2B USD |
| Total liabilities | 30.3B USD | 32.3B USD | 35.5B USD | 41.6B USD | 46.4B USD |
| Shareholders' equity | 7.4B USD | 6.4B USD | 7.0B USD | 6.5B USD | 7.7B USD |
| Period | SMA | EMA | Price vs line |
|---|---|---|---|
| 10 days | 634.21 | 638.53 | Above |
| 20 days | 620.12 | 622.08 | Above |
| 50 days | 590.69 | 596.61 | Above |
| 100 days | 566.42 | 574.34 | Above |
| 200 days | 537.55 | 556.66 | Above |
| Indicator | Value | Signal |
|---|---|---|
| RSI(14) | 74.91 | Down |
| MACD(12,26) | 19.50 | Up |
| ADX(14) | 45.15 | Neutral |
| ATR(14) % of price | 1.34 | Neutral |
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
EASTSPRING10KSAM9
BBLAM8TISCOASSET5MFC5
KASSET5SCBAM3PRINCIPAL2| Fund | MA weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| LHUSFIN-A | 6.57% | IYG | +3.50% | 1.95% |
| TUSFIN-A | 5.90% | XLF | +7.50% | 1.29% |
| SCBGEQ | 5.32% | Veritas Global Focus | −1.70% | 1.72% |
| ES-GCG-A | 5.15% | Amundi Funds Polen Capital Global Growth Fund | −15.02% | 1.78% |
| MGFRMF | 5.14% | Threadneedle (Lux) - Global Focus Fund | +6.44% | 1.75% |
| ES-GCGRMF | 5.14% | Amundi Funds Polen Capital Global Growth Fund | −14.94% | 1.77% |
| MGFGA | 5.12% | Threadneedle (Lux) - Global Focus Fund | +5.97% | 1.76% |
| PRINCIPAL GLEADER-A | 4.98% | Brown Advisory Global Leaders Fund | −4.19% | 2.04% |
| PRINCIPAL USEQ-A | 4.51% | USMC | +3.81% | 2.00% |
| KFGLOBAL-A | 4.46% | BlackRock Global Unconstrained Equity Fund | +3.77% | 1.55% |
| KFGLOBFX-A | 4.46% | BlackRock Global Unconstrained Equity Fund | +11.82% | 1.74% |
| KFGLOBFXRMF | 4.43% | BlackRock Global Unconstrained Equity Fund | +11.38% | 1.89% |
| KFGLOBALRMF | 4.43% | BlackRock Global Unconstrained Equity Fund | +4.39% | 1.72% |
| B-GTO | 3.99% | Wellington Global Innovation Fund | +2.91% | 1.19% |
| B-GTOSSF | 3.98% | Wellington Global Innovation Fund | +2.93% | 1.22% |
| B-GTORMF | 3.96% | Wellington Global Innovation Fund | +2.85% | 1.21% |
 UNI | 3.76% | United Global Innovation Fund Class T USD Acc | −1.33% | 1.96% |
| UNIRMF | 3.71% | United Global Innovation Fund Class A USD Acc | −1.47% | 2.00% |
| MCONT | 3.66% | Robeco Global Consumer Trends | −2.07% | 2.16% |
| K-GSELECTRMF | 3.34% | JGLO | +1.30% | 1.73% |
| Fund | MA weight | Master fund | 1-year return | TER |
|---|---|---|---|---|
| K-GSELECT | 3.34% | JGLO | +1.05% | 1.47% |
| K-GSELECTU-A(A) | 3.19% | JGLO | +7.87% | 1.43% |
| B-FINTECH | 3.18% | BGF FinTech Fund | −16.42% | 1.19% |
| TFINTECH | 3.14% | BGF FinTech Fund | −20.01% | 1.38% |
| KFFUTUREGEN-A | 3.12% | Goldman Sachs Global Future Generations Equity Portfolio | −8.07% | 1.54% |
| SCBFINTEC(SSFE) | 3.02% | several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS) | −18.38% | 0.13% |
| B-OPPRMF | 3.01% | Pictet – Global Thematic Opportunities | −3.89% | 1.80% |
| B-OPP | 3.01% | Pictet – Global Thematic Opportunities | −3.93% | 1.72% |
| KF-US-PLUS-A | 2.70% | JPMorgan Funds - US Select Equity Plus Fund | +1.96% | 1.50% |
| KF-US-PLUSRMF | 2.65% | JPMorgan Funds - US Select Equity Plus Fund | +1.59% | 1.48% |
| ES-FINTECH | 2.56% | several master funds (ARK Fintech Innovation, AMPLIFY MOBILE PAYMENTS, Global X Japan Fintech) | −22.33% | 1.25% |
| ES-GDIV | 2.48% | JPMorgan Investment Funds - Global Dividend Fund | +2.95% | 1.79% |
| B-GLOBAL | 2.48% | Wellington Global Quality Growth Fund | +5.29% | 1.22% |
| ES-GDIV-Acc | 2.47% | JPMorgan Investment Funds - Global Dividend Fund | +3.02% | 1.82% |
| B-GLOBALRMF | 2.47% | Wellington Global Quality Growth Fund | +5.08% | 1.24% |
| ES-GQGRMF | 2.44% | Wellington Global Quality Growth Fund | +0.76% | 1.84% |
| ES-GQG | 2.44% | Wellington Global Quality Growth Fund | +0.70% | 1.79% |
| ES-GQG-UH | 2.42% | Wellington Global Quality Growth Fund | +7.79% | 1.56% |
| SCBGQUAL(A) | 1.97% | IWQU | +10.43% | 1.18% |
| M-JEPI-H-AC | 1.95% | JEPI | +6.07% | 1.16% |
 KT-WQUALITY-A | 1.95% | IWQU | +11.17% | 0.70% |
| TGQUALITY-UH | 1.94% | IWQU | +17.59% | 1.32% |
| TGQUALITYRMF-A | 1.93% | IWQU | +10.52% | 1.42% |
| TGQUALITY-A | 1.93% | IWQU | +10.34% | 1.27% |
| M-JEPI-UH-AC | 1.92% | JEPI | +13.46% | 1.15% |
| ES-GDIV-UH-A | 0.54% | JPMorgan Investment Funds - Global Dividend Fund | +3.87% | 2.60% |
| K-GINCOMERMF | 0.41% | JPMorgan Investment Funds – Global Income Fund, Class I (mth) - USD (hedged) | +3.85% | 1.17% |
| K-GINCOME-A(A) | 0.41% | JPMorgan Investment Funds – Global Income Fund, Class I (mth) - USD (hedged) | +3.68% | 1.25% |
| KF-INCOME | 0.39% | JPMorgan Investment Funds – Global Income Fund, Class I (mth) - USD (hedged) | +2.88% | 1.27% |
| KF-CINCOME-A | 0.39% | JPMorgan Investment Funds - Global Income Fund | +3.01% | 1.27% |
| ES-INCOMEAINot sold to retail investors | 0.39% | JPMorgan Investment Funds - Global Income Fund | +3.42% | 0.99% |
| Master fund | Thai funds using this route | Master fund's MA weight |
|---|---|---|
| Wellington Global Quality Growth Fund | 5 | 2.48% |
| iShares Edge MSCI World Quality Factor UCITS ETF | 5 | 1.97% |
| BlackRock Global Unconstrained Equity Fund | 4 | 4.46% |
| Wellington Global Innovation Fund | 3 | 3.99% |
| JPMorgan Global Select Equity ETF | 3 | 3.34% |
| JPMorgan Investment Funds - Global Dividend Fund | 3 | 2.48% |
| JPMorgan Investment Funds – Global Income Fund, Class I (mth) - USD (hedged) | 3 | 0.41% |
| Amundi Funds Polen Capital Global Growth Fund | 2 | 5.15% |
| Threadneedle (Lux) - Global Focus Fund | 2 | 5.14% |
| BGF FinTech Fund | 2 | 3.18% |
| Pictet – Global Thematic Opportunities | 2 | 3.01% |
| JPMorgan Funds - US Select Equity Plus Fund | 2 | 2.70% |
| JPMorgan ETFs (Ireland) ICAV - US Equity Premium Income Active UCITS ETF | 2 | 1.95% |
| JPMorgan Investment Funds - Global Income Fund | 2 | 0.39% |
| iShares U.S. Financial Services ETF | 1 | 6.57% |
