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
Returns
Return on equity	806.7%+56.9pp	763%+13.8pp	744.5%+17.9pp	738%+18.1pp	749.8%+44.3pp
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×
Leverage
Debt-to-equity	10.2×-0.4×	10.2×0.0×	10.6×+0.7×	10.7×+0.8×	10.6×-0.2×
Net debt / EBITDA	2×-0.2×	2.1×0.0×	2.3×+0.4×	2.2×+0.1×	2.2×0.0×
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%
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×
Dividend yield	2.2%+0.1pp	2.1%0.0pp	2%-0.1pp	2%-0.1pp	2.1%-0.1pp

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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.