Mastercard Incorporated logo

Mastercard Incorporated

MA

NYSEFinancial ServicesFinancial - Credit Services

Previous close

$580.63

+$6.78 · +1.18%

Aug 21, 4:00 PM ET

MA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

40

Expensive

Momentum

46

Neutral

Sentiment

73

Bullish

Risk resilience

79

Moderate Risk

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Company profile

Company website

Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.

Industry
Financial - Credit Services
Sector
Financial Services
Headquarters
US
CEO
Michael Miebach
Listed since
May 25, 2006
Employees
39,800

Market position

Day range

Current $580.63

52-week range

Current $580.63

Open
$574.55
Previous close
$573.85
Volume
2.2M
0.62× average
Average volume
3.54M
Average daily volume
Market cap
509.23B USD
Beta
0.74
Market reference 1
50-day average
$537.68
+7.99% above average
200-day average
$528.42
+9.88% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
520.51B USD
P/E (TTM)
31.89×
P/B (TTM)
91.27×
P/S (TTM)
14.52×
EV / EBITDA
25.46×
Earnings yield
2.92%
Free cash flow yield
3.30%
Dividend yield
0.58%

Profitability & efficiency

Gross margin
82.74%
Operating margin
59.43%
Net margin
46.34%
Return on equity
193.46%
Return on assets
27.64%
Return on invested capital
48.91%

Financial health

Debt / equity
4.39×
Current ratio
1.03×
Altman Z-score
9.93
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends81%68%55%41%Gross margin, FY2021: 76.23%Gross margin, FY2022: 76.33%Gross margin, FY2023: 76.01%Gross margin, FY2024: 76.31%Gross margin, FY2025: 77.89%Operating margin, FY2021: 53.39%Operating margin, FY2022: 55.15%Operating margin, FY2023: 55.81%Operating margin, FY2024: 55.32%Operating margin, FY2025: 59.51%Net margin, FY2021: 46.00%Net margin, FY2022: 44.66%Net margin, FY2023: 44.61%Net margin, FY2024: 45.71%Net margin, FY2025: 45.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 76.23%. Gross margin FY2022 76.33%. Gross margin FY2023 76.01%. Gross margin FY2024 76.31%. Gross margin FY2025 77.89%. Operating margin FY2021 53.39%. Operating margin FY2022 55.15%. Operating margin FY2023 55.81%. Operating margin FY2024 55.32%. Operating margin FY2025 59.51%. Net margin FY2021 46.00%. Net margin FY2022 44.66%. Net margin FY2023 44.61%. Net margin FY2024 45.71%. Net margin FY2025 45.65%.

Income trends

Revenue

32.79B USD+16.42%

Operating income

19.51B USD+25.23%

Net income

14.97B USD+16.27%
Income trends across reported periods35.2B USD25.56B USD15.92B USD6.28B USDRevenue, FY2021: 18.88B USDRevenue, FY2022: 22.24B USDRevenue, FY2023: 25.1B USDRevenue, FY2024: 28.17B USDRevenue, FY2025: 32.79B USDOperating income, FY2021: 10.08B USDOperating income, FY2022: 12.26B USDOperating income, FY2023: 14.01B USDOperating income, FY2024: 15.58B USDOperating income, FY2025: 19.51B USDNet income, FY2021: 8.69B USDNet income, FY2022: 9.93B USDNet income, FY2023: 11.2B USDNet income, FY2024: 12.87B USDNet income, FY2025: 14.97B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.88B USD. Revenue FY2022 22.24B USD. Revenue FY2023 25.1B USD. Revenue FY2024 28.17B USD. Revenue FY2025 32.79B USD. Operating income FY2021 10.08B USD. Operating income FY2022 12.26B USD. Operating income FY2023 14.01B USD. Operating income FY2024 15.58B USD. Operating income FY2025 19.51B USD. Net income FY2021 8.69B USD. Net income FY2022 9.93B USD. Net income FY2023 11.2B USD. Net income FY2024 12.87B USD. Net income FY2025 14.97B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue32.79B USD28.17B USD25.1B USD22.24B USD18.88B USD
Cost of goods sold7.25B USD6.67B USD6.02B USD5.26B USD4.49B USD
Gross profit25.54B USD21.49B USD19.08B USD16.97B USD14.4B USD
Selling, general, and administrative4.88B USD4.27B USD3.65B USD3.5B USD3.44B USD
Operating expenses6.03B USD5.91B USD5.07B USD4.71B USD4.31B USD
Interest expense722M USD646M USD575M USD471M USD431M USD
Depreciation and amortization1.14B USD897M USD799M USD750M USD726M USD
Operating income19.51B USD15.58B USD14.01B USD12.26B USD10.08B USD
Net income14.97B USD12.87B USD11.2B USD9.93B USD8.69B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+4.15%
11 comparable reports
Latest EPS result
5.04
Estimate 4.77 · Beat by 5.66%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates5.324.674.033.38Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 3.82, estimate 3.71, surprise +2.96%, Beat. Q2 2025, reported May 1, 2025: actual 3.73, estimate 3.58, surprise +4.19%, Beat. Q3 2025, reported Jul 31, 2025: actual 4.15, estimate 4.03, surprise +2.98%, Beat. Q4 2025, reported Oct 30, 2025: actual 4.38, estimate 4.32, surprise +1.39%, Beat. Q1 2026, reported Jan 29, 2026: actual 4.76, estimate 4.24, surprise +12.26%, Beat. Q2 2026, reported Apr 30, 2026: actual 4.6, estimate 4.4, surprise +4.55%, Beat. Q3 2026, reported Jul 30, 2026: actual 5.04, estimate 4.77, surprise +5.66%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 5.12, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates10.03B8.94B7.84B6.74BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 7.49B USD, estimate 7.39B USD, surprise +1.40%, Beat. Q2 2025, reported May 1, 2025: actual 7.25B USD, estimate 7.13B USD, surprise +1.68%, Beat. Q3 2025, reported Jul 31, 2025: actual 8.13B USD, estimate 7.93B USD, surprise +2.57%, Beat. Q4 2025, reported Oct 30, 2025: actual 8.6B USD, estimate 8.53B USD, surprise +0.79%, Beat. Q1 2026, reported Jan 29, 2026: actual 8.81B USD, estimate 8.77B USD, surprise +0.37%, Beat. Q2 2026, reported Apr 30, 2026: actual 9.28B USD, estimate 8.26B USD, surprise +12.32%, Beat. Q3 2026, reported Jul 30, 2026: actual 9.28B USD, estimate 9.08B USD, surprise +2.22%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 9.65B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$662.73

14.14% upside
Past 12 months12-month forecastHigh $735Average $662.73Low $597

Rating distribution

64 ratings
Strong buy12%
Buy5078%
Hold1320%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Cantor FitzgeraldmaintainOverweight

MA news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.04

2025 complete year+72.7% since 2021

2026 partial: $2.61

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 9, 2026

$0.87

Quarterly

Record Jul 9, 2026 · Payment Aug 7, 2026

Dividend

Ex-dividend Apr 9, 2026

$0.87

Quarterly

Record Apr 9, 2026 · Payment May 8, 2026

Dividend

Ex-dividend Jan 9, 2026

$0.87

Quarterly

Record Jan 9, 2026 · Payment Feb 9, 2026

Dividend

Ex-dividend Oct 9, 2025

$0.76

Quarterly

Record Oct 9, 2025 · Payment Nov 7, 2025

Dividend

Ex-dividend Jul 9, 2025

$0.76

Quarterly

Record Jul 9, 2025 · Payment Aug 8, 2025

Dividend

Ex-dividend Apr 9, 2025

$0.76

Quarterly

Record Apr 9, 2025 · Payment May 9, 2025

MA peers

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