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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	57.6%+2.3pp	55.3%-0.5pp	55.8%+0.7pp	55.2%+1.8pp
Net margin	45.6%-0.1pp	45.7%+1.1pp	44.6%-0.1pp	44.7%-1.3pp
EBITDA margin	61.1%+2.6pp	58.5%-0.5pp	59%+0.5pp	58.5%+1.3pp
Free cash flow margin	52.3%+1.5pp	50.8%+4.5pp	46.3%-2.1pp	48.4%+0.4pp
Returns
Return on equity	210.5%+18.5pp	191.9%+22.7pp	169.3%+23.4pp	145.9%+19.1pp
Return on assets	29.3%+0.8pp	28.4%+0.9pp	27.6%+1.6pp	26%+1.6pp
Return on invested capital	89.5%+5.4pp	84.1%-3.0pp	87%+4.1pp	82.9%+2.0pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Liquidity
Current ratio	1×0.0×	1×-0.1×	1.2×0.0×	1.2×-0.1×
Quick ratio	1×0.0×	1×-0.1×	1.2×0.0×	1.2×-0.1×
Cash ratio	0.5×0.0×	0.4×-0.2×	0.6×0.0×	0.6×-0.1×
Leverage
Debt-to-equity	2.6×-0.4×	2.9×+0.4×	2.6×+0.2×	2.4×+0.3×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	0.5×-0.2×	0.6×+0.1×	0.5×0.0×	0.5×-0.1×
Interest coverage	26.2×+2.1×	24.1×-0.2×	24.4×-1.7×	26×+2.6×
Per Share
Book value per share	$8.54+22.1%	$7.00-4.5%	$7.32+12.9%	$6.49-12.0%
Valuation
Market capitalization	$512.65B+6.1%	$483.3B+21.1%	$399.21B+19.4%	$334.33B-5.3%
Enterprise value	$521.91B+5.7%	$493.85B+21.5%	$406.54B+19.5%	$340.2B-5.1%
Price / earnings	34.2×-3.3×	37.5×+1.9×	35.7×+2.0×	33.7×-7.0×
Price / sales	15.6×-1.5×	17.2×+1.3×	15.9×+0.9×	15×-3.7×
Price / book	66.3×-8.3×	74.5×+16.9×	57.6×+4.5×	53.1×+4.8×
EV / EBITDA	26×-3.9×	30×+2.5×	27.5×+1.3×	26.1×-7.0×
EV / sales	15.9×-1.6×	17.5×+1.3×	16.2×+0.9×	15.3×-3.7×
Free cash flow yield	3.3%+0.4pp	3%+0.1pp	2.9%-0.3pp	3.2%+0.7pp
Earnings yield	2.9%+0.3pp	2.7%-0.1pp	2.8%-0.2pp	3%+0.5pp
Dividend yield	0.5%0.0pp	0.5%0.0pp	0.5%0.0pp	0.6%+0.1pp
PEG ratio	2.1×-0.4×	2.5×-0.3×	2.8×+0.4×	2.4×+1.2×

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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.