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Mastercard MA Debt-to-assets

Debt-to-assets at other companies

American Express logo
American ExpressAXP
0.2×0.0×
Visa logo
VisaV
0.3×0.0×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
0.1×0.0×
U.S. Bancorp logo
U.S. BancorpUSB
0.1×0.0×
Capital One Financial logo
Capital One FinancialCOF
0.1×0.0×
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
0.5×+0.2×

Other financials

Income statement

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Revenue$8.4B+15.8%
Operating income$4.9B+18.3%
Net income$3.9B+18.4%
EPS (diluted)$4.35+21.2%

Balance sheet

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Cash & equivalents$7.9B+4.4%
Total debt$19.0B+0.8%
Total equity$6.7B+0.7%
Total assets$52.4B+8.2%

Cash flow

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Operating cash flow$3.0B+26.0%
CapEx$154.0M-3.1%
Free cash flow$2.8B+28.1%

Valuation

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Market cap$435.6B-10.8%
Enterprise value$446.65B-10.6%
P/E28×-9.2×
P/S12.8×-4.0×

Profitability

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Operating margin57.9%+2.4pp
Net margin45.9%+0.7pp

Returns & leverage

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Return on equity232.6%+43.6pp
Debt / equity2.8×0.0×
Current ratio-0.1×

Where this comes from

Calculated from Mastercard’s reported figures.

Based on the most recent quarter.

The official record: Mastercard’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mastercard's debt-to-assets?
Mastercard (MA) reported debt-to-assets of 0.4× in Q1 2026.
How has Mastercard's debt-to-assets changed year-over-year?
Mastercard's debt-to-assets decreased by 6.8% year-over-year, from 0.4× to 0.4×.
What is the long-term trend for Mastercard's debt-to-assets?
Over 4 years (2021 to 2025), Mastercard's debt-to-assets has grown at a -2.8% compound annual growth rate (CAGR), from 1.7× to 1.5×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.