Where do Mastercard's ratios come from?

Every ratio is computed from Mastercard's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Mastercard MA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	57.9%+2.4pp	57.6%+2.3pp	57%+1.8pp	55.8%-0.5pp	55.5%-0.9pp
Net margin	45.9%+0.7pp	45.6%-0.1pp	45.3%0.0pp	44.9%-1.5pp	45.2%-0.9pp
Returns
Return on equity	232.6%+43.6pp	210.5%+18.5pp	185.7%+6.5pp	177.9%-11.8pp	188.9%+0.5pp
Return on invested capital	88.6%+8.5pp	89.5%+5.4pp	96.3%+6.5pp	84.1%-1.3pp	80.1%-4.9pp
Efficiency
Asset turnover	0.7×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×
Liquidity
Current ratio	1×-0.1×	1×0.0×	1.1×-0.2×	1.2×0.0×	1.1×0.0×
Leverage
Debt-to-equity	2.8×0.0×	2.6×-0.4×	2.4×-0.2×	2.4×+0.2×	2.8×+0.4×
Net debt / EBITDA	0.5×-0.1×	0.5×-0.2×	0.5×+0.1×	0.6×+0.1×	0.7×+0.1×
Per Share
Book value per share	$7.52+3.1%	$8.54+22.1%	$8.73+8.6%	$8.64+8.3%	$7.30-5.8%
Valuation
Market capitalization	$445.6B-10.8%	$512.65B+6.1%	$514.21B+12.1%	$506.28B+23.5%	$499.73B+11.2%
Price / earnings	28.6×-9.4×	34.2×-3.3×	36.1×-1.1×	37.3×+3.8×	38×+0.1×
Price / sales	13.1×-4.1×	15.6×-1.5×	16.3×-0.5×	16.7×+1.2×	17.2×-0.3×
Price / book	66.3×-8.6×	66.3×-8.3×	65.1×+3.4×	64.5×+9.2×	74.9×+12.9×
EV / EBITDA	21.9×-8.0×	26×-3.9×	27.5×-1.7×	28.9×+2.3×	29.9×0.0×
Dividend yield	0.6%+0.1pp	0.5%0.0pp	0.5%0.0pp	0.5%0.0pp	0.5%0.0pp

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Questions, answered.

Where do Mastercard's ratios come from?: Every ratio is computed from Mastercard's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.