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	225.8%+2.7pp	223.1%+0.5pp	222.6%+2.8pp	219.8%+9.6pp
Net margin	181.1%-2.4pp	183.5%+8.4pp	175.2%-8.9pp	184.1%+7.0pp
Returns
Return on equity	763%+13.8pp	749.3%+76.0pp	673.3%+81.7pp	591.6%+112pp
Return on invested capital	350%+5.7pp	344.4%+15.5pp	328.9%+7.9pp	321%-3.5pp
Efficiency
Asset turnover	2.6×0.0×	2.5×+0.1×	2.5×+0.2×	2.3×+0.3×
Liquidity
Current ratio	4.4×-0.1×	4.5×-0.1×	4.7×-0.3×	5×-0.4×
Leverage
Debt-to-equity	10.2×0.0×	10.2×-1.1×	11.3×+1.8×	9.5×+0.7×
Net debt / EBITDA	2.1×0.0×	2.1×-0.1×	2.2×+0.2×	2×-0.3×
Per Share
Book value per share	$33.21+8.0%	$30.77+21.2%	$25.39-4.4%	$26.56-1.5%
Valuation
Market capitalization	$2.03T+12.9%	$1.8T+21.2%	$1.49T+17.4%	$1.27T-9.8%
Price / earnings	145.6×-0.5×	146.1×+4.6×	141.5×+11.3×	130.2×-56.0×
Price / sales	65.9×-1.1×	67×+5.1×	62×+2.0×	60×-22.1×
Price / book	270.7×+17.3×	253.4×+5.1×	248.4×+52.7×	195.7×-14.6×
EV / EBITDA	112.3×-3.4×	115.7×+8.3×	107.5×+2.9×	104.6×-43.3×
Dividend yield	2.1%0.0pp	2.1%-0.1pp	2.2%-0.1pp	2.4%+0.4pp

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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.