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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	228.3%+2.4pp	225.8%+2.3pp	223.5%+1.8pp	221.7%-0.5pp	222.2%-0.9pp
Net margin	181.7%+0.7pp	181.1%-0.1pp	181.1%0.0pp	181.1%-1.5pp	182.6%-0.9pp
Returns
Return on equity	806.7%+43.6pp	763%+18.5pp	744.5%+6.5pp	738%-11.8pp	749.8%+0.5pp
Return on invested capital	358.5%+8.5pp	350%+5.4pp	344.6%+6.5pp	338.2%-1.3pp	339.4%-4.9pp
Efficiency
Asset turnover	2.6×0.0×	2.6×0.0×	2.5×0.0×	2.5×0.0×	2.5×0.0×
Liquidity
Current ratio	4.3×-0.1×	4.4×0.0×	4.4×-0.2×	4.6×0.0×	4.6×0.0×
Leverage
Debt-to-equity	10.2×0.0×	10.2×-0.4×	10.6×-0.2×	10.7×+0.2×	10.6×+0.4×
Net debt / EBITDA	2×-0.1×	2.1×-0.2×	2.3×+0.1×	2.2×+0.1×	2.2×+0.1×
Per Share
Book value per share	$33.44+0.7%	$33.21+4.9%	$31.67+2.2%	$30.98+2.2%	$30.32-1.5%
Valuation
Market capitalization	$1.98T-2.7%	$2.03T+1.5%	$2T+2.8%	$1.95T+5.2%	$1.85T+2.8%
Price / earnings	136.2×-9.4×	145.6×-3.3×	148.9×-1.1×	150.1×+3.8×	146.2×+0.1×
Price / sales	61.8×-4.1×	65.9×-1.5×	67.4×-0.5×	67.9×+1.2×	66.7×-0.3×
Price / book	262.1×-8.6×	270.7×-8.3×	279×+3.4×	275.6×+9.2×	266.3×+12.9×
EV / EBITDA	104.4×-8.0×	112.3×-3.9×	116.3×-1.7×	118×+2.3×	115.7×0.0×
Dividend yield	2.2%+0.1pp	2.1%0.0pp	2%0.0pp	2%0.0pp	2.1%0.0pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Mastercard.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.