Year-to-date, the company's stock is up around 46%.
So, how has the company been able to be so successful?
Jim Cramer broke it down for members of his Action Alerts PLUS investing club during his exclusive members-only monthly club call in July.
Here's what Cramer had to say about Mastercard.
"On the surface, MasterCard stock looks more expensive than a Visa (V) - Get Report . It sells for 36 times earnings versus 34 times earnings for Visa but its five-year compound annual growth record is 26% versus 20% for Visa. That's what we're looking for. That's what makes it cheaper. The growth rate versus the PE plus one adjusted currency neutral scale. MasterCard has given you 41% year over year growth. Now people just so you understand the significance, you have got a company that is a $282 billion company with 40% year over year growth. I don't know if you can beat that. It's obviously got a huge total adjustable market. Again, the word TAM. It is scaling and it has a terrific MOT," explained Cramer.
And that secret sauce?
Cramer said that the secret sauce lies within Mastercard CEO Ajay Banga.
Watch to find out more. Or head on over to Action Alerts PLUS to watch the full conference call.