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%+6.0pp	225.8%+2.7pp	223.5%-0.1pp	221.7%-3.4pp	222.2%-2.1pp
Net margin	181.7%-0.9pp	181.1%-2.4pp	181.1%-1.3pp	181.1%-0.9pp	182.6%+3.7pp
EBITDA margin	242%+6.8pp	239.4%+3.4pp	236.8%+0.3pp	234.7%-3.2pp	235.2%-1.9pp
Free cash flow margin	213.5%+16.6pp	212.7%+23.5pp	211.2%+26.5pp	207.2%+29.3pp	196.9%+16.2pp
Returns
Return on equity	806.7%+56.9pp	763%+13.8pp	744.5%+17.9pp	738%+18.1pp	749.8%+44.3pp
Return on assets	117.5%+1.7pp	115.5%-0.5pp	114.6%-0.5pp	114.6%-0.4pp	115.8%+3.7pp
Return on invested capital	358.5%+19.1pp	350%+5.7pp	344.6%-2.7pp	338.2%-4.2pp	339.4%+5.0pp
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×-0.3×	4.4×-0.1×	4.4×-0.3×	4.6×0.0×	4.6×0.0×
Quick ratio	4.3×-0.3×	4.4×-0.1×	4.4×-0.3×	4.6×0.0×	4.6×0.0×
Cash ratio	1.8×-0.4×	1.9×-0.4×	1.8×-0.7×	2.1×-0.3×	2.2×-0.2×
Leverage
Debt-to-equity	10.2×-0.4×	10.2×0.0×	10.6×+0.7×	10.7×+0.8×	10.6×-0.2×
Debt-to-assets	1.5×-0.1×	1.5×-0.1×	1.5×-0.1×	1.6×-0.1×	1.6×-0.1×
Net debt / EBITDA	2×-0.2×	2.1×0.0×	2.3×+0.4×	2.2×+0.1×	2.2×0.0×
Interest coverage	100.7×+3.5×	97.4×-0.4×	95.3×-2.7×	96×-2.4×	97.2×-1.5×
Per Share
Book value per share	$33.44+10.3%	$33.21+8.0%	$31.67+1.8%	$30.98+4.1%	$30.32+10.0%
Valuation
Market capitalization	$1.98T+6.9%	$2.03T+12.9%	$2T+16.7%	$1.95T+19.4%	$1.85T+16.4%
Enterprise value	$2.02T+6.9%	$2.07T+13.0%	$2.04T+17.0%	$1.99T+19.4%	$1.89T+16.2%
Price / earnings	136.2×-10.0×	145.6×-0.5×	148.9×+4.7×	150.1×+8.9×	146.2×+2.4×
Price / sales	61.8×-4.9×	65.9×-1.1×	67.4×+1.7×	67.9×+3.7×	66.7×+2.4×
Price / book	262.1×-4.2×	270.7×+17.3×	279×+42.4×	275.6×+41.7×	266.3×+20.4×
EV / EBITDA	104.4×-11.4×	112.3×-3.4×	116.3×+3.0×	118×+8.0×	115.7×+4.9×
EV / sales	63.1×-5.0×	67.2×-1.1×	68.8×+1.9×	69.3×+3.8×	68×+2.3×
Free cash flow yield	13.9%+2.1pp	12.9%+1.6pp	12.5%+1.3pp	12.2%+1.1pp	11.8%+0.5pp
Earnings yield	11.9%+0.9pp	11%0.0pp	10.7%-0.4pp	10.7%-0.7pp	11%-0.2pp
Dividend yield	2.2%+0.1pp	2.1%0.0pp	2%-0.1pp	2%-0.1pp	2.1%-0.1pp
PEG ratio	9.4×-1.2×	11.3×+2.5×	11.7×+2.6×	12.3×+3.3×	10.6×-3.4×

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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.