MA

Mastercard
D

MA

Arincen93/100B

If you had invested in Mastercard ago, it would be worth $6,716 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

93/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Mastercard key facts

Style
Growth stock · 6.9/10Growth 6.9 · Value 4.4 · Dividend 2.1
Day range
641.23 – 659.62
52-week range
464.52 – 661.34
Market capitalization
568.66B USD
P/E
34.09
EPS
19.15
Div Yield
0.53%
EPS growth forecast (FY2026)
+17.8%
Volume
126,391
Sector
Financial Services
Industry
Financial - Credit Services
CEO
Michael Miebach
Employees
40K
IPO date
25 May 2006

Mastercard earnings

Next earnings · Q4 FY2026
EPS estimate
5.11 USD
Revenue estimate
9.93B USD
Last quarter · Q3 FY2026
EPS5.31Beat +2.7%Revenue9.81BBeat +1.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20276.12——+15.25%11.01B——+12.23%
Q2 FY20275.80——+15.13%10.38B——+11.89%
Q1 FY20275.17——+12.36%9.47B——+12.74%
Q4 FY20265.11——+7.35%9.93B——+12.72%
Q3 FY20265.175.31+2.71%+21.23%9.66B9.81B+1.50%+14.01%
Q2 FY20264.775.04+5.66%+21.45%9.08B9.28B+2.22%+14.07%
Q1 FY20264.414.60+4.31%+23.32%8.26B8.40B+1.68%+15.83%
Q4 FY20254.244.76+12.26%+24.61%8.77B8.81B+0.37%+17.59%
Q3 FY20254.324.38+1.39%+12.60%8.53B8.60B+0.79%+16.73%
Q2 FY20254.034.15+2.98%+15.60%7.93B8.13B+2.57%+16.84%

Mastercard analyst forecast

12-month price target
687.73 USD
+5.36%

Analysts' 1-year price targets range from 597.00 to 740.00, with an average of 687.73.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
26 ratings
Strong buy
1
Buy
23
Hold
2
Sell
0
Strong sell
0

12-month price target

Highest target740.00
Average target687.73
Lowest target597.00
Current price652.75

Mastercard valuation

Price to earnings ratio (TTM)
34.09
Forward P/E (FY2026)
32.56
Price to sales (TTM)
15.67
Price to book
84.21
EV / EBITDA (TTM)
25.30

Capital structure

Market capitalization
568.66B USD
+
Total debt
23.94B USD
−
Cash and short-term investments
10.46B USD
=
Enterprise value
582.13B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)24.30————
FY2027 (est.)28.1624.30———
FY2026 (est.)32.5628.16———
Now (TTM)34.0928.7315.6784.2125.30
FY202534.4928.4715.6266.1925.34
FY202437.8331.9817.2975.1129.58
FY202335.9629.4916.0458.1127.29
FY202233.8928.5915.1453.4526.53
FY202140.8834.1118.8048.5531.53

Mastercard against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Visa, American Express, Capital One Financial, and El Paso Energy Capital Trust I PFD CV TR SECS, the US Financial - Credit Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median34.1
    27.348.6
  • Gross marginAt its median100.0%
    100.0%100.0%
    Against its peers: 1 of 5Peers' median 63.9%
  • Operating marginHighest in 5 years57.6%
    53.4%57.6%
    Against its peers: 2 of 5Peers' median 22.5%
  • Net marginAt its median45.6%
    44.6%46.0%
    Against its peers: 2 of 5Peers' median 8.5%
  • Return on equityAbove its median193.5%
    118.8%198.5%
    Against its peers: 1 of 5Peers' median 17.3%
  • Free cash flow marginAbove its median50.1%
    45.8%50.8%
    Against its peers: 1 of 5Peers' median 28.8%
  • Revenue growthAt its median16.4%
    12.2%23.4%
    Against its peers: 2 of 5Peers' median 13.5%
  • EPS growthAbove its median18.9%
    15.6%37.5%
    Against its peers: 2 of 5Peers' median -27.8%
  • Debt to EBITDALowest in 5 years0.92×
    0.92×1.21×
    Against its peers: 2 of 5Peers' median 5.24×
  • Current ratioBelow its median1.03
    1.031.29
    Against its peers: 1 of 5Peers' median 0.22

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Mastercard growth and profitability

Revenue (TTM)
36.29B USD
Net income (TTM)
16.96B USD
Gross margin
100.00%
Operating margin
58.60%
Net margin
46.73%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202532.79B+16.42%14.97B+16.27%100.00%57.63%45.65%20.54B+22.31%
FY202428.17B+12.23%12.87B+15.00%100.00%55.32%45.71%16.80B+11.88%
FY202325.10B+12.87%11.20B+12.74%100.00%55.81%44.61%15.01B+15.90%
FY202222.24B+17.76%9.93B+14.31%100.00%55.15%44.66%12.95B+12.99%
FY202118.88B+23.42%8.69B+35.50%100.00%53.39%46.00%11.46B+31.47%

Mastercard revenue breakdown

By product

FY2025
Payment Network: 59.4%Value-Added Services And Solutions: 40.6%59.4%Payment Network40.6%Value-Added Services And Solutions
SegmentRevenueShare of revenueChange on the year
Payment Network19.48B59.4%+12.4%
Value-Added Services And Solutions13.32B40.6%+22.9%

By region

FY2025
International Markets: 57.2%Americas: 42.8%57.2%International Markets42.8%Americas
RegionRevenueShare of revenueChange on the year
International Markets18.75B57.2%+18.7%
Americas14.04B42.8%—

How Mastercard makes its money

Payment Network19.48B 59.4%
Value-Added Services And Solutions13.32B 40.6%
Revenue32.79B 100.0%
Gross profit32.79B 100.0%
Selling and administration12.25B 37.3%
Other operating expenses1.65B 5.0%
Operating income18.90B 57.6%
Tax3.61B 11.0%
Other expense319.00M 1.0%
Net income14.97B 45.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Mastercard dividends

Annual dividend
3.48 USD
Dividend yield (indicated)
0.53%
Payout ratio
18.17%
Years of dividend growth
15
Frequency
Quarterly
Last payment
0.87 USD
Last ex-dividend date
9 Oct 2026
Last payment date
9 Nov 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.042.642.281.961.761.601.321.000.880.76

Mastercard financial health

Cash and short-term investments
10.46B USD
Total debt
23.94B USD
Net cash
-13.47B USD
Free cash flow (TTM)
15.43B USD
Current ratio
1.01
Debt to equity
3.54
Piotroski score
5 / 9
Altman Z-score
10.90

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202510.90B19.00B16.43B
FY20248.77B18.23B14.31B
FY20239.18B15.68B11.61B
FY20227.41B14.02B10.75B
FY20217.89B13.90B8.65B

Mastercard ownership

Institutions
87.36%
Institutional holders
3,741 (+12)
Free float
99.12%

Who owns the shares

Institutions 87.4% Others 12.6%
As of 30 Jun 2026

Shares free to trade

Free float 863.54M shares ·99.1% Closely held 7.63M shares ·0.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026030.001.84K
Q3 202604782.89K187.50K
Q2 2026005.27K1.74K
Q1 2026023295.19K91.14K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025897.00M906.00M-2.27%
FY2024925.00M927.00M-2.01%
FY2023944.00M946.00M-2.57%
FY2022968.00M971.00M-2.12%
FY2021988.00M992.00M-1.39%

Source: Financial Modeling Prep

Signals
Strategic Pips
Strategic Pips
2 years ago
sell stop
MA
MAMastercard @439.44
2024-06-28 10:03
MA@439.44 Chart
Profit
153.50
USD
0.70%
Strategic Pips
Strategic Pips
2 years ago
sell stop
MA
MAMastercard @472.71
2024-04-02 17:34
MA@472.71 Chart
Profit
344.50
USD
1.46%
sara abdelazim
sara abdelazim
3 years ago
sell
MA
MAMastercard @401.71
2023-10-18 09:40
MA@401.71 Chart
Profit
425.00
USD
2.12%
sara abdelazim
sara abdelazim
3 years ago
buy
MA
MAMastercard @398.06
2023-10-10 10:14
MA@398.06 Chart
Profit
118.00
USD
0.59%
sara abdelazim
sara abdelazim
3 years ago
buy
MA
MAMastercard @395.7
2023-10-03 09:19
MA@395.7 Chart
Profit
103.50
USD
0.52%
sara abdelazim
sara abdelazim
3 years ago
sell
MA
MAMastercard @414.7
2023-09-20 10:57
MA@414.7 Chart
Profit
64.00
USD
0.31%
More
Related Instruments News

Title: Mastercard

Sector: Financial Services
Industry: Financial - Credit Services
Since its inception over 50 years ago, Mastercard has pioneered technology to make payments simpler, smarter, and safer. The company specializes in financial transaction processing services and provides payment services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. The company operates in most markets across the globe and is the second-largest payment processing corporation worldwide. Headquartered in Purchase, New York, the publicly traded company makes most of its revenue from facilitating payments between the banks of merchants and the card-issuing banks of the consumers who use the Mastercard-brand debit, credit, and prepaid cards to buy goods and services.

Common questions about Mastercard stock

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