Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Mastercard Incorporated reported robust financial performance in the third quarter of 2025.</li><li>The company's net revenue rose by 15% on a non-GAAP currency-neutral basis, attributed to strong growth in both the payment network and value-added services and solutions.</li><li>The latter segment, in particular, grew by 22%, with acquisitions like Recorded Future contributing modestly to this growth.</li></ul>

Mastercard Incorporated reported robust financial performance in the third quarter of 2025.The company's net revenue rose by 15% on a non-GAAP currency-neutral basis, attributed to strong growth in both the payment network and value-added services and solutions.The latter segment, in particular, grew by 22%, with acquisitions like Recorded Future contributing modestly to this growth.

Mastercard’s AI + Payments Vision Is Becoming Reality—Can Visa Keep Up?

<ul><li>Mastercard Inc. delivered strong financial results for the second quarter of 2025, with net revenues increasing 16% and adjusted net income up 12% from the previous year on a non-GAAP currency-neutral basis.</li><li>This growth underscores the effectiveness of Mastercard's diversified business model and execution against strategic priorities.</li><li>The company experienced continued growth in both its payment network and value-added services and solutions, with acquisitions contributing 1 percentage point to revenue growth.</li></ul>

Mastercard Inc. delivered strong financial results for the second quarter of 2025, with net revenues increasing 16% and adjusted net income up 12% from the previous year on a non-GAAP currency-neutral basis.This growth underscores the effectiveness of Mastercard's diversified business model and execution against strategic priorities.The company experienced continued growth in both its payment network and value-added services and solutions, with acquisitions contributing 1 percentage point to revenue growth.

Mastercard’s $2 Billion Crypto Push: The Zerohash Acquisition Could Change Everything!

Mastercard Is Battling FX Turbulence But Can Its Value-Added Services Keep The Cash Flowing?

<ul><li>Mastercard Incorporated reported strong performance in its first quarter of 2025, with net revenue growing by 17% year-over-year on a non-GAAP currency-neutral basis.</li><li>The company observed a 13% increase in adjusted net income, driven by both consumer payments and value-added services.</li><li>Despite economic uncertainties, including geopolitical tensions and tariffs impacting business sentiment, fundamentals of consumer spending remained solid, buoyed by unemployment rates and wage increases outpacing inflation.</li></ul>

Mastercard Incorporated reported strong performance in its first quarter of 2025, with net revenue growing by 17% year-over-year on a non-GAAP currency-neutral basis.The company observed a 13% increase in adjusted net income, driven by both consumer payments and value-added services.Despite economic uncertainties, including geopolitical tensions and tariffs impacting business sentiment, fundamentals of consumer spending remained solid, buoyed by unemployment rates and wage increases outpacing inflation.

Mastercard Incorporated: Emerging Technology Adoption & Integration Are The Biggest Secret Contributors To Its Future Growth!

<ul><li>Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year, reflecting strong growth and strategic execution across its diverse business segments.</li><li>Revenue and income both exhibited solid year-over-year growth, a testament to the company's effective strategies in expanding its Payment and Services & Solutions capabilities.</li><li>A key positive from the earnings report is Mastercard's strong revenue growth, with net revenues rising by 16% in Q4 on a currency-neutral basis, driven primarily by increased transaction volumes and vigorous demand for value-added services.</li></ul>

Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year, reflecting strong growth and strategic execution across its diverse business segments.Revenue and income both exhibited solid year-over-year growth, a testament to the company's effective strategies in expanding its Payment and Services & Solutions capabilities.A key positive from the earnings report is Mastercard's strong revenue growth, with net revenues rising by 16% in Q4 on a currency-neutral basis, driven primarily by increased transaction volumes and vigorous demand for value-added services.

Mastercard: Can Its Cross-Border Revenue Growth Be Sustained? - Major Drivers

United States

MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.

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Mastercard (MA US)

Mastercard’s AI + Payments Vision Is Becoming Reality—Can Visa Keep Up?

Mastercard Incorporated reported robust financial performance in the third quarter of 2025. The company's net revenue rose by 15% on a non-GAAP...

Baptista Research

Mastercard’s $2 Billion Crypto Push: The Zerohash Acquisition Could Change Everything!

Mastercard Inc. delivered strong financial results for the second quarter of 2025, with net revenues increasing 16% and adjusted net income up 12%...

Baptista Research

Mastercard Is Battling FX Turbulence But Can Its Value-Added Services Keep The Cash Flowing?

Mastercard Inc. delivered strong financial results for the second quarter of 2025, with net revenues increasing 16% and adjusted net income up 12%...

Baptista Research

Mastercard Incorporated: Emerging Technology Adoption & Integration Are The Biggest Secret Contributors To Its Future Growth!

Mastercard Incorporated reported strong performance in its first quarter of 2025, with net revenue growing by 17% year-over-year on a non-GAAP...

Baptista Research

Mastercard: Can Its Cross-Border Revenue Growth Be Sustained? - Major Drivers

Mastercard Incorporated's latest earnings highlighted a robust financial performance for the fourth quarter of 2024 and the full fiscal year,...

Baptista Research

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