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Mastercard MA Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$9.3B+14.1%
Operating income$5.6B+17.0%
Net income$4.4B+18.6%
EPS (diluted)$4.97+22.1%

Balance sheet

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Cash & equivalents$11.3B+25.0%
Total debt$24.6B+29.9%
Total equity$5.6B-28.5%
Total assets$57.7B+12.2%

Cash flow

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Operating cash flow$3.8B-18.0%
CapEx$291.0M+628%
Free cash flow$3.5B-23.7%

Valuation

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Market cap$502.04B-2.5%
Enterprise value$515.39B-1.8%
P/E30.9×-7.0×
P/S14.3×-2.7×

Profitability

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Operating margin58.3%+2.6pp
Net margin46.3%+1.4pp
FCF margin47.6%-7.1pp

Returns & leverage

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Return on equity241.5%+63.6pp
Debt / equity4.4×+2.0×
Current ratio1.1×-0.1×

Where this comes from

Calculated from Mastercard’s reported figures.

The source filing: Mastercard’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 10:28 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001141391-26-000083

FAQ

What is Mastercard's net debt?
Mastercard (MA) reported net debt of $13.35B in Q2 2026.
How has Mastercard's net debt changed year-over-year?
Mastercard's net debt increased by 34.3% year-over-year, from $9.94B to $13.35B.
What is the long-term trend for Mastercard's net debt?
Over 5 years (2020 to 2025), Mastercard's net debt has grown at a 39.5% compound annual growth rate (CAGR), from $1.75B to $9.27B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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