Mastercard Inc (MA)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; consumer bill payment services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from an existing account and leverages the credit limit of the funding account; and a platform to optimize supplier payment enablement campaigns for financial institutions. In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers; and partners with central banks, fintechs, and financial institutions, as well as enables various cross-border payment flows. Further, it provides security solutions; marketing, personalization, and issuer and merchant loyalty services; business and operational intelligence, advanced analytics and AI, consulting and agentic solutions, and payments and portfolio optimization; digital and authentication; processing and gateway solutions; and other solutions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
- Symbol
- MA
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Credit Services
- Market cap
- $484.37B
- 52 week range
- 464.52 - 601.23
Valuation
- Share price
- $550.50 (close of 2026-10-01)
- P/E (TTM)
- 30.19x
- Price to book
- 86.40x
- Price to free cash flow
- 29.00x
- Enterprise value
- $497.72B
- Book value per share
- $6.36
Price performance
| Period | Change |
|---|---|
| 1 day | -0.18% |
| 5 days | -2.75% |
| 1 month | -5.27% |
| 3 months | +5.37% |
| 6 months | +11.97% |
| Year to date | -3.57% |
| 1 year | -4.06% |
| 3 years | +39.05% |
| 5 years | +52.84% |
| 10 years | +440.92% |
| All time | +11867.39% |
Members of Congress who disclosed MA trades
Josh Gottheimer · Gilbert Ray Cisneros · Tommy Tuberville · Bruce Westerman · Jefferson Shreve · John Boozman · Lisa McClain · Robert Bresnahan · Val Hoyle · Alan Armstrong · Markwayne Mullin · Sheldon Whitehouse
Super investors holding MA
Bill Ackman (Pershing Square Capital Mgmt) · Chuck Akre (Akre Capital Management) · Thomas Russo (Gardner Russo & Quinn LLC) · Ken Griffin (Citadel) · Terry Smith (Fundsmith LLP) · Polen Capital Mgmt (Polen Capital Management LLC) · Valley Forge Capital (Valley Forge Capital Management) · AltaRock Partners (AltaRock Partners LP) · Vulcan Value Partners (Vulcan Value Partners, LLC) · John Armitage (Egerton Capital (UK) LLP) · AKO Capital (AKO Capital LLP) · Triple Frond Partners (Triple Frond Partners LLC)
Profitability and growth
- Return on equity
- 193.24%
- Return on invested capital
- 94.48%
- Return on assets
- 27.64%
- Return on capital employed
- 60.19%
- Gross margin
- 94.98%
- Net margin
- 45.65%
- EBITDA margin
- 61.11%
- Revenue growth
- 16.42%
- Net income growth
- 16.27%
- Free cash flow growth
- 19.94%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.45%
- Current ratio
- 1.06x
- Net debt to EBITDA
- 0.60x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $32.79B
- Cost of revenue
- $1.65B
- Gross profit
- $31.14B
- EBITDA
- $20.04B
- Net income
- $14.97B
- Earnings per share
- $16.54
- Shares outstanding
- 905.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $32.79B | $31.14B | $14.97B | $16.54 |
| 2024-12-31 | $28.17B | $26.59B | $12.87B | $13.91 |
| 2023-12-31 | $25.10B | $23.76B | $11.20B | $11.86 |
| 2022-12-31 | $22.24B | $21.13B | $9.93B | $10.26 |
| 2021-12-31 | $29.84B | $18.06B | $8.69B | $8.79 |
| 2020-12-31 | $23.62B | $14.65B | $6.41B | $6.40 |
| 2019-12-31 | $24.98B | $16.36B | $8.12B | $7.98 |
| 2018-12-31 | $21.83B | $13.36B | $5.86B | $5.63 |
| 2017-12-31 | $12.50B | $12.05B | $3.92B | $3.67 |
| 2016-12-31 | $10.78B | $10.29B | $4.06B | $3.70 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 94.98% | 45.65% | 193.24% | 94.48% |
| 2024-12-31 | 94.40% | 45.71% | 197.61% | 81.00% |
| 2023-12-31 | 94.67% | 44.61% | 160.50% | 82.20% |
| 2022-12-31 | 95.03% | 44.66% | 156.23% | 78.24% |
| 2021-12-31 | 60.53% | 29.11% | 117.66% | 57.82% |
| 2020-12-31 | 62.03% | 27.15% | 98.81% | 68.01% |
| 2019-12-31 | 65.50% | 32.50% | 137.20% | 97.97% |
| 2018-12-31 | 61.21% | 26.84% | 108.14% | 117.10% |
| 2017-12-31 | 96.39% | 31.33% | 71.22% | 80.49% |
| 2016-12-31 | 95.45% | 37.67% | 71.41% | 100.75% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $10.57B | $18.25B |
| 2024-12-31 | $8.44B | $17.48B |
| 2023-12-31 | $8.59B | $14.34B |
| 2022-12-31 | $7.01B | $13.75B |
| 2021-12-31 | $7.42B | $13.11B |
| 2020-12-31 | $10.11B | $12.02B |
| 2019-12-31 | $6.99B | $8.53B |
| 2018-12-31 | $6.68B | $5.83B |
| 2017-12-31 | $5.93B | $5.42B |
| 2016-12-31 | $6.72B | $5.18B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $17.16B | $597.00M |
| 2024-12-31 | $14.31B | $526.00M |
| 2023-12-31 | $11.61B | $460.00M |
| 2022-12-31 | $10.75B | $295.00M |
| 2021-12-31 | $9.06B | $273.00M |
| 2020-12-31 | $6.88B | $254.00M |
| 2019-12-31 | $7.76B | $250.00M |
| 2018-12-31 | $5.89B | $196.00M |
| 2017-12-31 | $5.36B | $176.00M |
| 2016-12-31 | $4.42B | $149.00M |
Dividend history
- Most recent payment
- 2026-07-09
- Paid in the last twelve months
- $3.37
| Payment date | Dividend per share |
|---|---|
| 2026-07-09 | $0.87 |
| 2026-04-09 | $0.87 |
| 2026-01-09 | $0.87 |
| 2025-10-09 | $0.76 |
| 2025-07-09 | $0.76 |
| 2025-04-09 | $0.76 |
| 2025-01-10 | $0.76 |
| 2024-10-09 | $0.66 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
- Consensus EPS estimate
- $5.13
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | $4.77 |
| 2026-04-30 | - | - |
| 2026-01-29 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-07-29 | - | - |
| 2025-05-01 | - | - |
| 2025-04-29 | - | - |
Filings and sources
- Company website
- mastercard.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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