MA Chart
About

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; consumer bill payment services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from an existing account and leverages the credit limit of the funding account; and a platform to optimize supplier payment enablement campaigns for financial institutions. In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers; and partners with central banks, fintechs, and financial institutions, as well as enables various cross-border payment flows. Further, it provides security solutions; marketing, personalization, and issuer and merchant loyalty services; business and operational intelligence, advanced analytics and AI, consulting and agentic solutions, and payments and portfolio optimization; digital and authentication; processing and gateway solutions; and other solutions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Credit Services Market Cap 444.43B
Enterprise Value 453.07B Income 14.97B Sales 32.79B
Book/sh 8.65 Cash/sh 12.22 Dividend Yield 70.00%
Payout 18.40% Employees 39800 IPO —
P/E 30.13 Forward P/E 22.02 PEG —
P/S 13.55 P/B 57.55 P/C —
EV/EBITDA 22.05 EV/Sales 13.82 Quick Ratio 0.68
Current Ratio 1.03 Debt/Eq 256.04 LT Debt/Eq —
EPS (ttm) 16.53 EPS next Y 22.62 EPS Growth 24.20%
Revenue Growth 17.60% Earnings 2026-04-30 ROA 23.72%
ROE 209.91% ROIC — Gross Margin 100.00%
Oper. Margin 57.73% Profit Margin 45.65% Shs Outstand 885.22M
Shs Float 884.06M Short Float 0.76% Short Ratio 1.65
Short Interest — 52W High 601.77 52W Low 465.59
Beta 0.82 Avg Volume 3.49M Volume 5.29M
Target Price $662.06 Recom Strong_buy Prev Close $496.03
Price $498.00 Change 0.40%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$662.06
Mean price target
2. Current target
$498.00
Latest analyst target
3. DCF / Fair value
$330.82
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$498.00
Low
$520.00
High
$756.00
Mean
$662.06

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-30 main JP Morgan Overweight → Overweight $655
2026-01-30 main TD Cowen Buy → Buy $671
2026-01-30 main Macquarie Outperform → Outperform $675
2026-01-30 main Morgan Stanley Overweight → Overweight $678
2026-01-30 reit RBC Capital Outperform → Outperform $656
2026-01-30 main Wells Fargo Overweight → Overweight $668
2026-01-30 main Raymond James Outperform → Outperform $631
2026-01-27 init Cantor Fitzgerald — → Overweight $650
2026-01-13 up Compass Point Neutral → Buy $735
2025-12-08 up HSBC Hold → Buy $633
2025-11-06 main Tigress Financial Strong Buy → Strong Buy $730
2025-11-04 main Truist Securities Buy → Buy $630
2025-10-31 main Wells Fargo Overweight → Overweight $660
2025-10-31 main Macquarie Outperform → Outperform $660
2025-10-31 main RBC Capital Buy → Buy $654
2025-10-31 main UBS Buy → Buy $700
2025-10-22 init Citigroup — → Buy $735
2025-10-22 init Wells Fargo — → Overweight $669
2025-10-06 main Baird Outperform → Outperform $660
2025-08-11 reit TD Cowen Buy → Buy $645
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 12083 — — Stock Gift at price 0.00 per share. QURESHI RIMA Director — 2026-02-05 00:00:00 D
1 9276 — — Stock Award(Grant) at price 0.00 per share. KRAMER JILL Officer — 2025-12-01 00:00:00 D
2 3630 — — Stock Gift at price 0.00 per share. MCLAUGHLIN EDWARD GRUNDE Officer — 2025-11-12 00:00:00 D
3 45 — — Stock Gift at price 0.00 per share. GENACHOWSKI JULIUS Director — 2025-10-31 00:00:00 I
4 17263 10202458 — Sale at price 586.74 - 594.90 per share. SACHIN J. MEHRA Chief Financial Officer — 2025-09-02 00:00:00 D
5 17263 5319348 — Conversion of Exercise of derivative security at price 290.25 - 362.90 per share. SACHIN J. MEHRA Chief Financial Officer — 2025-09-02 00:00:00 D
6 4485 2691000 — Sale at price 600.00 per share. LING HAI Officer — 2025-08-22 00:00:00 D
7 4485 404098 — Conversion of Exercise of derivative security at price 90.10 per share. LING HAI Officer — 2025-08-22 00:00:00 D
8 17816 10456016 — Sale at price 584.93 - 590.53 per share. SACHIN J. MEHRA Chief Financial Officer — 2025-08-19 00:00:00 D
9 17816 4258915 — Conversion of Exercise of derivative security at price 239.05 per share. SACHIN J. MEHRA Chief Financial Officer — 2025-08-19 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-73.84M-69.74M-73.21M-83.47M
TaxRateForCalcs0.190.160.180.15
NormalizedEBITDA20.82B17.24B15.42B13.49B
TotalUnusualItems-380.00M-447.00M-409.00M-542.00M
TotalUnusualItemsExcludingGoodwill-380.00M-447.00M-409.00M-542.00M
NetIncomeFromContinuingOperationNetMinorityInterest14.97B12.87B11.20B9.93B
ReconciledDepreciation1.14B897.00M799.00M750.00M
ReconciledCostOfRevenue7.25B6.67B6.02B5.26B
EBITDA20.44B16.80B15.01B12.95B
EBIT19.30B15.90B14.21B12.20B
NetInterestIncome-722.00M-646.00M-575.00M-471.00M
InterestExpense722.00M646.00M575.00M471.00M
NormalizedIncome15.27B13.25B11.53B10.39B
NetIncomeFromContinuingAndDiscontinuedOperation14.97B12.87B11.20B9.93B
TotalExpenses13.28B11.84B10.47B9.52B
TotalOperatingIncomeAsReported18.90B15.58B14.01B12.26B
DilutedAverageShares906.00M927.00M946.00M971.00M
BasicAverageShares905.00M925.00M944.00M968.00M
DilutedEPS16.5213.8911.8310.22
BasicEPS16.5413.9111.8610.26
DilutedNIAvailtoComStockholders14.97B12.87B11.20B9.93B
NetIncomeCommonStockholders14.97B12.87B11.20B9.93B
NetIncome14.97B12.87B11.20B9.93B
NetIncomeIncludingNoncontrollingInterests14.97B12.87B11.20B9.93B
NetIncomeContinuousOperations14.97B12.87B11.20B9.93B
TaxProvision3.61B2.38B2.44B1.80B
PretaxIncome18.58B15.25B13.64B11.73B
OtherIncomeExpense-214.00M-427.00M-416.00M-519.00M
OtherNonOperatingIncomeExpenses166.00M20.00M-7.00M23.00M
SpecialIncomeCharges-504.00M-680.00M-539.00M-356.00M
OtherSpecialCharges504.00M680.00M539.00M356.00M
GainOnSaleOfSecurity124.00M233.00M130.00M-186.00M
NetNonOperatingInterestIncomeExpense-722.00M-646.00M-575.00M-471.00M
InterestExpenseNonOperating722.00M646.00M575.00M471.00M
OperatingIncome19.51B16.33B14.63B12.72B
OperatingExpense6.03B5.17B4.45B4.25B
DepreciationAmortizationDepletionIncomeStatement1.14B897.00M799.00M750.00M
DepreciationAndAmortizationInIncomeStatement1.14B897.00M799.00M750.00M
SellingGeneralAndAdministration4.88B4.27B3.65B3.50B
SellingAndMarketingExpense929.00M815.00M825.00M789.00M
GeneralAndAdministrativeExpense3.95B3.46B2.82B2.71B
OtherGandA3.95B3.46B2.82B2.71B
GrossProfit25.54B21.49B19.08B16.97B
CostOfRevenue7.25B6.67B6.02B5.26B
TotalRevenue32.79B28.17B25.10B22.24B
OperatingRevenue32.79B28.17B25.10B22.24B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber518.00M497.00M475.00M451.00M
OrdinarySharesNumber894.04M913.40M934.00M956.00M
ShareIssued1.41B1.41B1.41B1.41B
NetDebt8.43B9.78B7.09B7.01B
TotalDebt19.00B18.23B15.68B14.02B
TangibleBookValue-7.38B-8.16B-4.82B-5.08B
InvestedCapital26.74B24.71B22.61B20.32B
WorkingCapital796.00M504.00M2.70B2.44B
NetTangibleAssets-7.38B-8.16B-4.82B-5.08B
CommonStockEquity7.74B6.49B6.93B6.30B
TotalCapitalization25.99B23.96B21.27B20.05B
TotalEquityGrossMinorityInterest7.75B6.51B7.00B6.38B
MinorityInterest9.00M30.00M68.00M79.00M
StockholdersEquity7.74B6.49B6.93B6.30B
GainsLossesNotAffectingRetainedEarnings-981.00M-1.43B-1.10B-1.25B
OtherEquityAdjustments-981.00M-1.43B-1.10B-1.25B
TreasuryStock83.22B71.43B60.43B51.35B
RetainedEarnings85.03B72.91B62.56B53.61B
AdditionalPaidInCapital6.91B6.44B5.89B5.30B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest46.41B41.57B35.45B32.35B
TotalNonCurrentLiabilitiesNetMinorityInterest23.65B22.35B19.19B18.18B
OtherNonCurrentLiabilities5.09B4.55B4.47B4.03B
PreferredSecuritiesOutsideStockEquity29.00M
NonCurrentDeferredLiabilities307.00M317.00M369.00M393.00M
NonCurrentDeferredTaxesLiabilities307.00M317.00M369.00M393.00M
LongTermDebtAndCapitalLeaseObligation18.25B17.48B14.34B13.75B
LongTermDebt18.25B17.48B14.34B13.75B
CurrentLiabilities22.76B19.22B16.26B14.17B
OtherCurrentLiabilities6.94B6.22B4.85B4.08B
CurrentDebtAndCapitalLeaseObligation749.00M750.00M1.34B274.00M
CurrentDebt749.00M750.00M1.34B274.00M
OtherCurrentBorrowings749.00M750.00M792.00M
PayablesAndAccruedExpenses15.07B12.25B10.07B9.82B
CurrentAccruedExpenses13.16B10.87B8.75B8.62B
Payables1.91B1.38B1.32B1.21B
OtherPayable913.00M
TotalTaxPayable914.00M454.00M486.00M279.00M
AccountsPayable999.00M929.00M834.00M926.00M
TotalAssets54.16B48.08B42.45B38.72B
TotalNonCurrentAssets30.60B28.36B23.49B22.12B
OtherNonCurrentAssets8.81B7.35B5.81B5.22B
NonCurrentDeferredAssets1.57B1.61B1.35B1.15B
NonCurrentDeferredTaxesAssets1.57B1.61B1.35B1.15B
NonCurrentAccountsReceivable1.10B1.00B783.00M633.00M
InvestmentsAndAdvances1.71B1.61B1.73B1.73B
InvestmentinFinancialAssets1.71B1.61B1.73B1.73B
AvailableForSaleSecurities1.71B1.61B1.73B1.73B
GoodwillAndOtherIntangibleAssets15.11B14.65B11.75B11.38B
OtherIntangibleAssets5.55B5.45B4.09B3.86B
Goodwill9.56B9.19B7.66B7.52B
NetPPE2.30B2.14B2.06B2.01B
AccumulatedDepreciation-2.76B-2.39B-2.24B-1.90B
GrossPPE5.06B4.53B4.30B3.91B
Leases497.00M436.00M398.00M376.00M
OtherProperties3.71B3.29B3.13B2.79B
MachineryFurnitureEquipment105.00M101.00M90.00M96.00M
BuildingsAndImprovements744.00M709.00M678.00M652.00M
Properties0.000.000.000.00
CurrentAssets23.56B19.72B18.96B16.61B
OtherCurrentAssets5.37B4.81B3.84B3.62B
RestrictedCash2.68B2.37B1.88B2.16B
PrepaidAssets34.00M92.00M
Receivables4.61B3.77B4.06B3.42B
OtherReceivables1.32B
AccountsReceivable4.61B3.77B4.06B3.42B
CashCashEquivalentsAndShortTermInvestments10.90B8.77B9.18B7.41B
OtherShortTermInvestments332.00M330.00M592.00M400.00M
CashAndCashEquivalents10.57B8.44B8.59B7.01B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow16.43B13.59B10.89B10.10B
RepurchaseOfCapitalStock-11.73B-10.95B-9.03B-8.75B
RepaymentOfDebt-750.00M-1.34B0.00-724.00M
IssuanceOfDebt1.24B3.96B1.55B1.12B
CapitalExpenditure-1.22B-1.19B-1.09B-1.10B
InterestPaidSupplementalData680.00M571.00M477.00M414.00M
IncomeTaxPaidSupplementalData3.02B3.25B2.75B2.51B
EndCashPosition13.25B10.81B10.46B9.20B
BeginningCashPosition10.81B10.46B9.20B9.90B
EffectOfExchangeRateChanges333.00M-199.00M128.00M-103.00M
ChangesInCash2.11B542.00M1.14B-603.00M
FinancingCashFlow-14.18B-10.84B-9.49B-10.33B
CashFlowFromContinuingFinancingActivities-14.18B-10.84B-9.49B-10.33B
NetOtherFinancingCharges-391.00M-282.00M-89.00M-161.00M
ProceedsFromStockOptionExercised203.00M224.00M237.00M90.00M
CashDividendsPaid-2.76B-2.45B-2.16B-1.90B
CommonStockDividendPaid-2.76B-2.45B-2.16B-1.90B
NetCommonStockIssuance-11.73B-10.95B-9.03B-8.75B
CommonStockPayments-11.73B-10.95B-9.03B-8.75B
NetIssuancePaymentsOfDebt492.00M2.62B1.55B399.00M
NetLongTermDebtIssuance492.00M2.62B1.55B399.00M
LongTermDebtPayments-750.00M-1.34B0.00-724.00M
LongTermDebtIssuance1.24B3.96B1.55B1.12B
InvestingCashFlow-1.36B-3.40B-1.35B-1.47B
CashFlowFromContinuingInvestingActivities-1.36B-3.40B-1.35B-1.47B
NetOtherInvestingChanges2.00M-3.00M-6.00M-3.00M
NetInvestmentPurchaseAndSale-149.00M306.00M-257.00M-57.00M
SaleOfInvestment719.00M964.00M479.00M537.00M
PurchaseOfInvestment-868.00M-658.00M-736.00M-594.00M
NetBusinessPurchaseAndSale0.00-2.51B0.00-313.00M
PurchaseOfBusiness0.00-2.51B0.00-313.00M
NetPPEPurchaseAndSale-489.00M-474.00M-371.00M-442.00M
PurchaseOfPPE-489.00M-474.00M-371.00M-442.00M
CapitalExpenditureReported-726.00M-720.00M-717.00M-655.00M
OperatingCashFlow17.65B14.78B11.98B11.20B
CashFlowFromContinuingOperatingActivities17.65B14.78B11.98B11.20B
ChangeInWorkingCapital-1.44B-1.04B-1.94B-904.00M
ChangeInOtherWorkingCapital834.00M131.00M922.00M-6.00M
ChangeInOtherCurrentLiabilities89.00M922.00M282.00M201.00M
ChangeInOtherCurrentAssets202.00M-593.00M40.00M48.00M
ChangeInPayablesAndAccruedExpense1.55B1.70B-32.00M1.50B
ChangeInAccruedExpense1.69B1.79B196.00M1.43B
ChangeInPayable-140.00M-88.00M-228.00M69.00M
ChangeInAccountPayable45.00M75.00M-99.00M190.00M
ChangeInTaxPayable-185.00M-163.00M-129.00M-121.00M
ChangeInIncomeTaxPayable-185.00M-163.00M-129.00M-121.00M
ChangeInPrepaidAssets-3.39B-3.23B-2.44B-2.17B
ChangeInReceivables-733.00M21.00M-717.00M-469.00M
ChangesInAccountReceivables-642.00M186.00M-546.00M-481.00M
OtherNonCashItems2.24B2.02B1.64B1.63B
StockBasedCompensation597.00M526.00M460.00M295.00M
DeferredTax57.00M-527.00M-236.00M-651.00M
DeferredIncomeTax57.00M-527.00M-236.00M-651.00M
DepreciationAmortizationDepletion1.14B897.00M799.00M750.00M
DepreciationAndAmortization1.14B897.00M799.00M750.00M
OperatingGainsLosses88.00M29.00M61.00M145.00M
GainLossOnInvestmentSecurities88.00M29.00M61.00M145.00M
NetIncomeFromContinuingOperations14.97B12.87B11.20B9.93B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MA
Date User Asset Broker Type Position Size Entry Price Patterns