This growth stock performs great in all weather markets. It will therefore be appreciated by every type of investor

Although consumer confidence in the U.S. has been declining recently, indicating a slowdown in economic growth, and the Eurozone is heading into recession at the end of 2022, Mastercard is showing no signs of slowing business so far. On the contrary, the company beat analysts' revenue and earnings expectations in 3Q and management is more than optimistic about the future.

Mastercard processes payments with its branded payment cards between merchants and issuing banks

Mastercard $MA is the second largest payment processor in the world, having processed nearly $6 trillion in purchase transactions during 2021, and that number is expected to grow in the coming years as the world moves toward a cashless society. Mastercard operates in more than 200 countries and processes transactions in more than 150 currencies.

Given its current market dominance and the potential for growth in other areas, it is likely that Mastercard will continue to do well. Although there are several fintech disruptors…

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Key Financial Results:

Revenue: $5.76 billion (up 16% from Q3 2021).

Net Profit: $2.50 billion (up 3.5% from Q3 2021).

Profit margin: 43% (down from 48% in Q3 2021. Decrease in margin due to higher costs)

EPS: $2.59, (up from $2.45 in Q3 2021).

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