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Mastercard MA Net margin

Net margin at other companies

American Express logo
American ExpressAXP
15.1%-0.2pp
Visa logo
VisaV
51.7%-1.2pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
15%+0.7pp
U.S. Bancorp logo
U.S. BancorpUSB
27%+2.8pp
Capital One Financial logo
Capital One FinancialCOF
5.5%-6.8pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
23.3%+15.3pp

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

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 trailing twelve months.

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 net margin?
Mastercard (MA) reported net margin of 45.9% in Q1 2026.
How has Mastercard's net margin changed year-over-year?
Mastercard's net margin increased by 1.5% year-over-year, from 45.2% to 45.9%.
What is the long-term trend for Mastercard's net margin?
Over 4 years (2021 to 2025), Mastercard's net margin has grown at a 0.6% compound annual growth rate (CAGR), from 177.1% to 181.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.