— Know what they know.
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Not Investment Advice

MA

NYSE · USD
Mastercard Incorporated
Financial Services · Financial - Credit Services
CEO Michael Miebach Employees 39,800 R&D / revenue 0.0%
Last price
$617.42+0.18%last session
Market cap
$540.9B
P/E (TTM)
33.9x
From 52w high
−0.8%
From 52w low
+32.9%
1-year return
+12.3%
RSI 14 · vs SMA200
75.2 · +15.9%
IS score
77.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MA   SPY   XLF (sector ETF) · weekly closes
90100110Jan 26Apr 26Jul 26Oct 26SPY 116MA 112XLF 107

Score DNA

Each bar is a 0-100 score within the scored universe
100
Profitability
89
Growth
44
Value
86
Momentum
100
Risk (safety)
67
Quality
58
Balance sheet
76
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for MA (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Wide, Efficient ScalePiotroski 7 / 9Beta 0.733 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
49 open-market sales, $60.7M
Form 144 notices (12m): 21, $74.9M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
14
Last disclosed purchase 2026-06-29
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+9
214 new holders, 159 closed
3,604 filers hold 88.1% · 1,372 added, 1,555 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+322
1,764 funds adding shares
1,442 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
36.0%
20-day avg 34.2%, 50-day avg 38.4%
Latest 1.8 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$32.8B
Revenue growth YoY+16.4%
Gross margin83.4%
Operating income$19.4B
Operating margin59.2%
Net income$15.0B
Net margin45.6%
EPS (diluted)$16.52
Cash flow
Operating cash flow$17.4B
Capital expenditure$489.0M
Free cash flow$16.9B
FCF conversion (FCF / OCF)97.2%
Stock-based compensation$597.0M
FCF less SBC$16.3B
Buybacks$11.7B
Dividends$2.8B
Balance sheet & returns
Cash & short-term investments$11.5B
Total debt$19.0B
Net debt$7.5B
Shareholders' equity$7.7B
Goodwill & intangibles$15.1B
Debt / equity4.39
ROE (TTM)232.5%
ROIC (TTM)47.3%
Operating margin by fiscal year
53.4%FY202155.2%FY202255.8%FY202355.3%FY202459.2%FY2025
Revenue $18.9B (FY2021) to $32.8B (FY2025), a 14.8% CAGR.

Valuation

P/E (TTM)33.9x
EV / EBITDA25.0x
Price / sales15.42x
Price / FCF33.2x
FCF yield3.01%
Buyback yield2.17%
SBC / revenue1.4%
Price / book97.05x
Forward P/E FY202630.9x
Forward P/E FY202726.7x
Forward P/E FY202823.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $668.50 across 14 analysts last quarter is theirs, not ours.

MA vs industry median

165 companies in Financial - Credit Services
Gross margin 100.0% 76.4% Operating margin 58.8% 13.1% Net margin 46.3% 6.2% ROIC 47.3% 5.9%
MA (TTM)Industry median Asset turnover 0.61 vs industry 0.20 · financial leverage 10.28

Earnings delivery

Next report 2026-10-29 · consensus EPS $5.16
100%
beat rate, 12 of 12 quarters
+3.6%
median EPS surprise
12
longest beat streak
+6+3+2+2+4+3+4+3+1+12+4+6
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MA Mastercard Incorporated $540.9B33.9x232.5%46.3%+16.4% +12.3%
V Visa Inc. $751.7B34.2x61.2%48.4%+14.4% +20.3%
AXP American Express Company $211.8B19.0x34.4%14.4%+9.4% −2.9%
COF Capital One Financial Corpor $123.8B12.5x9.4%15.2%+36.7% −0.3%
BAC Bank of America Corporation $358.2B12.0x11.2%18.4%+3.0% +2.1%
HSBC HSBC Holdings plc $324.6B13.5x13.8%23.2%+8.7% —
JPM JPMorgan Chase & Co. $903.0B14.2x17.8%25.7%+8.0% —
MS Morgan Stanley $284.8B14.2x18.5%16.2%+16.7% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-07-30Earnings Release; Exhibits
2026-06-17Shareholder Vote
2026-06-08Other Events; Exhibits
2026-06-02Officer/Director Change; Exhibits
2026-05-07Officer/Director Change; Exhibits
2026-04-30Earnings Release; Exhibits

Context

Shares outstanding876,009,909
Free float99.1%
Institutional ownership88.1%
Beta0.73
Dividend yield0.56%
Last dividend$0.87 on 2026-10-09
50 / 200-day average$574.78 / $532.80
Mega-cap Financial Services median P/E14.6x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MA sits among 43 scored companies in Financial - Credit Services (0 = lowest value, 100 = highest). It is a position, not a grade. Balance-sheet ratios built for operating companies are n/a for lenders and insurers.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMAIndustry medianIndustry percentileSector median
P/E (TTM) 33.3x 9.3x
94th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 1.70 0.76
92nd		 1.04
Price / sales 15.4x 1.3x
98th		 2.5x
Price / book 96.4x 1.8x
100th		 1.3x
Price / tangible book —
Price / free cash flow n/a
Price / operating cash flow n/a
Enterprise value n/a
EV / sales n/a
EV / EBITDA n/a
EV / EBIT n/a
EV / free cash flow n/a
Earnings yield 3.0% 8.8%
24th		 7.9%
FCF yield n/a
Operating cash flow yield n/a
Graham number (per share) $51.31 $72.38
35th		 $50.71

Profitability (TTM)

MeasureMAIndustry medianIndustry percentileSector median
Gross margin n/a
EBITDA margin n/a
Operating margin 59.9% 19.2%
93rd		 23.3%
EBIT margin 58.9% 18.7%
98th		 23.3%
Net margin 46.3% 11.4%
98th		 18.7%
NOPAT margin 48.3% 15.9%
90th		 18.7%
FCF margin n/a
Operating cash flow margin n/a
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 32.8% 14.4%
81st		 20.1%
Stock comp / revenue 1.4% 0.9%
67th		 0.7%
Effective tax rate 19.4% 21.9%
20th		 21.0%

Returns on capital

MeasureMAIndustry medianIndustry percentileSector median
ROE (on average equity) 241.1% 19.9%
100th		 11.9%
ROA 29.8% 2.8%
98th		 1.4%
ROIC n/a
ROCE n/a
Return on tangible assets 37.9% 5.3%
98th		 2.0%
Cash ROIC (OCF / invested capital) n/a
Gross profitability (GP / assets) n/a
ROIC, 3-yr average n/a
ROIC, 5-yr average n/a
ROE, 5-yr average 194.1% 13.3%
100th		 10.7%
Incremental ROIC n/a

Growth

MeasureMAIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 16.0% 11.1%
59th		 7.1%
Revenue growth (QoQ) 10.5% 1.3%
86th		 2.8%
Revenue CAGR, 3 yr 14.1% 8.1%
62nd		 10.8%
Revenue CAGR, 5 yr 16.1% 9.1%
63rd		 11.3%
Gross profit CAGR, 3 yr n/a
Operating income CAGR, 3 yr 17.1% 24.6%
41st		 8.8%
Net income growth (TTM YoY) 19.7% 22.5%
48th		 24.7%
Net income CAGR, 3 yr 16.7% 12.8%
62nd		 9.4%
EPS growth (TTM YoY) 23.2% 25.3%
44th		 25.1%
EPS CAGR, 3 yr 19.5% 14.1%
62nd		 7.3%
EPS CAGR, 5 yr 20.5% -0.2%
92nd		 4.2%
FCF growth (TTM YoY) n/a
FCF CAGR, 3 yr n/a
Operating cash flow CAGR, 3 yr n/a
Book value CAGR, 3 yr 3.1% 8.1%
25th		 8.9%
Dividend CAGR, 3 yr 6.4% 4.2%
74th		 1.9%
Sustainable growth rate 197.8% 17.0%
100th		 8.3%

Margin history & stability

MeasureMAIndustry medianIndustry percentileSector median
Gross margin, 3-yr average n/a
Operating margin, 3-yr average 57.3% 18.8%
95th		 21.4%
Net margin, 3-yr average 45.9% 10.3%
97th		 16.5%
FCF margin, 3-yr average n/a
Revenue stability (0-1) 0.99 0.86
92nd		 0.86
Earnings stability (0-1) 0.98 0.37
95th		 0.37
Margin stability (0-1) 0.90 0.83
74th		 0.81

Liquidity (latest quarter)

MeasureMAIndustry medianIndustry percentileSector median
Cash & short-term investments n/a
Net cash (− = net debt) n/a
Working capital n/a
Current ratio n/a
Quick ratio n/a
Cash ratio (cash + ST investments / current liabilities) n/a
Defensive interval (days) n/a

Leverage & solvency (latest quarter)

MeasureMAIndustry medianIndustry percentileSector median
Total debt n/a
Debt / equity n/a
Net debt / equity n/a
Debt / assets n/a
Debt / capital n/a
Debt / EBITDA n/a
Net debt / EBITDA n/a
Interest coverage (EBIT / interest) n/a
Cash interest coverage n/a
Debt payback (years of OCF) n/a
Liabilities / assets 90.3% 82.2%
83rd		 86.2%
IS credit model rating AA — —
Implied credit spread (bps) 80 125
17th		 175

Efficiency

MeasureMAIndustry medianIndustry percentileSector median
Asset turnover n/a
Fixed asset turnover n/a
Inventory turnover n/a
Receivables turnover n/a
Days sales outstanding n/a
Days inventory outstanding n/a
Days payables outstanding n/a
Cash conversion cycle (days) n/a
Capex / revenue n/a
Capex / depreciation n/a
Operating expense ratio n/a

Cash flow & earnings quality

MeasureMAIndustry medianIndustry percentileSector median
Operating cash flow / net income n/a
FCF / net income n/a
FCF / operating cash flow n/a
Capex / operating cash flow n/a
Accruals ratio n/a
Sloan accruals ratio n/a
Earnings quality score (0-1) n/a

Dividends & buybacks

MeasureMAIndustry medianIndustry percentileSector median
Dividend yield 0.6% 0.7%
48th		 2.3%
Dividend per share (TTM) $3.48 $0.52
90th		 $1.03
Payout ratio (dividends / net income) 18.0% 7.9%
62nd		 30.0%
Dividends / FCF n/a
Dividend growth (YoY) 15.5% 1.9%
80th		 6.4%
Buyback yield 1.4% 2.1%
33rd		 1.7%
Shareholder yield (dividends + buybacks) 2.0% 3.5%
24th		 5.2%
Share count change (YoY) -2.9% -1.5%
41st		 -0.3%
Buybacks, last 5 years $31.0B $315.0M
95th		 $85.3M

Scores & forensic checks

MeasureMAIndustry medianIndustry percentileSector median
IS score 77 52
95th		 53
IS profitability 100 52
95th		 59
IS growth 89 60
100th		 57
IS value 44 69
24th		 77
IS momentum 86 77
69th		 76
IS risk (safety) 100 100
45th		 65
IS quality 67 58
74th		 71
IS balance sheet 58 42
81st		 51
IS earnings quality 76 70
81st		 74
IS cash flow 76 74
64th		 71
Piotroski F-score (0-9) 7 7
45th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −7.25 −6.41
26th		 −6.00
IS credit score 87 80
67th		 68

Per share

MeasureMAIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $18.41 $5.48
93rd		 $3.36
Book value per share $6.35 $26.27
7th		 $28.13
Tangible book per share −$10.61 $14.55
2nd		 $21.49
Revenue per share $39.73 $45.33
49th		 $17.62
FCF per share n/a
Operating cash flow per share n/a
Cash per share n/a

Size (TTM)

MeasureMAIndustry medianIndustry percentileSector median
Market cap $540.9B $3.9B
98th		 $2.5B
Revenue $35.1B $2.5B
93rd		 $1.0B
EBITDA $21.9B $710.6M
93rd		 $269.3M
Net income $16.3B $181.7M
98th		 $168.0M
Free cash flow n/a
Total assets $57.7B $8.6B
79th		 $8.5B
Shareholders' equity $5.6B $1.9B
79th		 $1.5B
Employees 39,800 2,358
95th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-12Genachowski Julius
Director
 Open-market sale 370$590.21$218,3788,237
2026-10-09Genachowski Julius
Director
 Open-market sale 370$585.00$216,4508,608
2026-10-09Genachowski Julius
Director
 Open-market sale 1$590.00$5908,607
2026-10-01Huntsman Jon M Jr
V Chair & Pres Strategic Grwth
 Tax withholding 178$551.66$98,1954,666
2026-10-01Ling Hai
Chief Financial Officer
 Tax withholding 88$551.66$48,54635,750
2026-10-01Mclaughlin Edward Grunde
President & CTO, MA Tech
 Tax withholding 99$551.66$54,61438,640
2026-10-01Sachin J. Mehra
Chief Business Officer
 Tax withholding 207$551.66$114,19436,443
2026-10-01Miebach Michael
Director, President & CEO
 Tax withholding 530$551.66$292,38093,163
2026-08-31Kirkpatrick Linda Pistecchia
Chief Services Officer
 Open-market sale 923$593.54$547,83729,065
2026-08-20Sachin J. Mehra
Chief Business Officer
 Open-market sale 1,000$572.07$572,07039,916
2026-08-19Sachin J. Mehra
Chief Business Officer
 Option exercise 7,444$344.48$2.6M48,360
2026-08-19Sachin J. Mehra
Chief Business Officer
 Open-market sale 120$572.41$68,69048,240

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarJunJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1311,996—
Open-market saleDisposed49108,816$60.7M
Option exerciseDisposed876,161$17.4M
Option exerciseAcquired876,161$17.4M
Tax withholdingDisposed72,841$1.5M
—Disposed54,294$2.3M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 21 notices · 134,515 shares · $74.9M
FiledFilerShares proposedEst. proceeds
2026-10-16Hai Ling4,317$2.7M
2026-10-13Julius Genachowski370$217,982
2026-10-09Julius Genachowski371$213,236
2026-09-02Sachin Mehra3,266$1.9M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 31 trades (21 purchases) · Senate 8 (4 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-25Michael McCaulHouseSale$1,001 - $15,0002026-10-16
2026-06-29Michael McCaulHousePurchase$1,001 - $15,0002026-07-13
2026-06-29Michael T. McCaulHousePurchase$1,001 - $15,0002026-07-13
2026-06-15Michael McCaulHousePurchase$1,001 - $15,0002026-07-13
2026-06-08Tommy TubervilleSenateSale$15,001 - $50,0002026-07-16
2026-06-08Thomas Hawley TubervilleSenateSale$15,001 - $50,0002026-07-16
2026-03-28Shelley Moore CapitoSenatePurchase$1,001 - $15,0002026-04-12
2026-03-28Shelley Moore CapitoSenatePurchase$1,001 - $15,0002026-04-12
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.66,393,565$34.1B7.58%
Mastercard Foundation Asset Management Corp60,347,774$31.0B6.89%
VANGUARD CAPITAL MANAGEMENT LLC52,122,015$26.8B5.95%
STATE STREET CORP36,964,305$19.0B4.22%
JPMORGAN CHASE & CO25,978,077$13.2B2.97%
FMR LLC23,843,483$12.2B2.72%
GEODE CAPITAL MANAGEMENT, LLC21,512,085$11.0B2.46%
VANGUARD PORTFOLIO MANAGEMENT LLC19,163,628$9.8B2.19%
PRICE T ROWE ASSOCIATES INC /MD/18,527,027$9.5B2.11%
WELLINGTON MANAGEMENT GROUP LLP12,698,735$6.5B1.45%
NORGES BANK11,753,770$6.0B1.34%
Capital Research Global Investors11,626,317$6.0B1.33%
Capital International Investors10,973,547$5.6B1.25%
MORGAN STANLEY9,012,543$4.6B1.03%
GOLDMAN SACHS GROUP INC7,648,863$3.9B0.87%

Institutional ownership by quarter

2023-092026-0688.1%
% of shares held by 13F filers
2023-092026-063,604
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-303,60488.1%2141,3721,555159
2026-03-313,59587.0%1881,3831,562227
2025-12-313,70397.7%4261,3951,420108
2025-09-303,46488.6%1671,4621,299136
2025-06-303,49792.6%2151,4331,342115
2025-03-313,45190.9%2061,3401,38497
2024-12-313,40390.9%4651,3031,16897
2024-09-303,10081.4%1841,2441,207120
2024-06-303,07680.7%1721,3301,111123
2024-03-313,07380.8%2271,2151,191103
2023-12-312,99480.8%3521,0641,17392
2023-09-302,77380.7%1641,0981,074100

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management6.8%60,415,602
2026-04-16SCHEDULE 13G/AMastercard Foundation7.4%65,234,702
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-08-01SCHEDULE 13G/AMastercard Foundation8.3%75,194,532
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.59%$13.7B
VTI0.59%$13.7B
VTSAX0.59%$13.7B
VSMPX0.59%$13.7B
VFINX0.68%$11.7B
VOO0.68%$11.7B

Share structure

Shares outstanding876,009,909
Float868,344,853
Free float99.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$18.9B$22.2B$25.1B$28.2B$32.8B
Cost of revenue$4.5B$5.3B$6.0B$6.7B$5.4B
Gross profit$14.4B$17.0B$19.1B$21.5B$27.4B
R&D$0$0$0$0$0
SG&A$3.4B$3.5B$3.6B$4.3B$7.1B
Operating income$10.1B$12.3B$14.0B$15.6B$19.4B
EBITDA$11.5B$13.0B$15.0B$16.8B$20.2B
Pretax income$10.3B$11.7B$13.6B$15.3B$18.6B
Income tax$1.6B$1.8B$2.4B$2.4B$3.6B
Net income$8.7B$9.9B$11.2B$12.9B$15.0B
EPS, diluted$8.76$10.23$11.83$13.89$16.52
Diluted shares992.0M971.0M946.0M927.0M898.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$7.9B$7.4B$9.2B$8.8B$11.5B
Receivables$3.0B$3.4B$4.1B$3.8B$6.2B
Inventory$0$0$0$0$0
Total current assets$16.9B$16.6B$19.0B$19.7B$23.6B
PP&E, net$1.9B$2.0B$2.1B$2.1B$2.3B
Goodwill & intangibles$11.3B$11.4B$11.7B$14.6B$15.1B
Total assets$37.7B$38.7B$42.4B$48.1B$54.2B
Accounts payable$738.0M$926.0M$834.0M$929.0M$999.0M
Total current liabilities$13.2B$14.2B$16.3B$19.2B$22.8B
Long-term debt$13.1B$13.7B$14.3B$17.5B$18.3B
Total liabilities$30.3B$32.3B$35.5B$41.6B$46.4B
Shareholders' equity$7.4B$6.4B$7.0B$6.5B$7.7B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$8.7B$9.9B$11.2B$12.9B$15.0B
Depreciation & amortization$726.0M$750.0M$799.0M$897.0M$2.1B
Stock-based compensation$273.0M$295.0M$460.0M$526.0M$597.0M
Change in working capital−$916.0M−$904.0M−$1.9B−$1.0B−$1.7B
Operating cash flow$9.5B$11.2B$12.0B$14.8B$17.4B
Capital expenditure−$814.0M−$1.1B−$371.0M−$474.0M−$489.0M
Free cash flow$8.6B$10.1B$11.6B$14.3B$16.9B
Investing cash flow−$5.3B−$1.5B−$1.4B−$3.4B−$1.4B
Net debt issued / repaid$1.4B$399.0M$1.6B$2.6B$492.0M
Buybacks−$5.9B−$8.8B−$9.0B−$11.0B−$11.7B
Dividends paid−$1.7B−$1.9B−$2.2B−$2.4B−$2.8B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin76.2%76.3%76.0%76.3%83.4%
Operating margin53.4%55.2%55.8%55.3%59.2%
Net margin46.0%44.7%44.6%45.7%45.6%
FCF margin45.8%45.4%46.3%48.8%52.1%
ROE126.8%145.9%169.3%191.9%210.5%
ROIC63.8%80.4%85.6%82.5%102.3%
ROA24.4%26.0%27.6%28.4%29.3%
Debt / equity1.902.232.262.812.46
Interest coverage24.9x25.9x24.7x24.6x26.4x
Current ratio1.291.171.171.031.03
Revenue growth+23.4%+17.8%+12.9%+12.2%+16.4%
EPS growth+37.6%+17.0%+15.6%+17.5%+19.0%
P/E at year end39.8x33.1x35.4x37.4x34.2x
EV / EBITDA at year end30.7x25.9x26.8x29.2x25.7x
FCF yield at year end2.50%3.07%2.93%2.86%3.34%
Dividend payout20.0%19.2%19.3%19.0%18.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Payment Network—$14.4B$15.8B$17.3B$19.5B
Value-Added Services And Solutions—$7.9B$9.3B$10.8B$13.3B
Transaction Processing$10.8B————
Domestic Assessments$8.2B————
Other Revenues$6.2B————
Cross-border Volume Fees$4.7B————
Rebates−$11.0B————

Revenue by region · FY2025

International Markets$18.7B · 57%
Americas$14.0B · 43%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $5.16 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$37.3B$37.1B – $37.5B$19.96$19.70 – $20.262530.9x
2027$42.0B$41.4B – $42.5B$23.11$22.50 – $23.722626.7x
2028$47.0B$45.0B – $48.6B$26.86$24.89 – $28.411523.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-30$4.77$5.04+5.7%$9.1B$9.3B+2.2%
2026-04-30$4.41$4.60+4.3%$8.3B$8.4B+1.7%
2026-01-29$4.24$4.76+12.3%$8.8B$8.8B+0.4%
2025-10-30$4.32$4.38+1.4%$8.5B$8.6B+0.8%
2025-07-31$4.03$4.15+3.0%$7.9B$8.1B+2.6%
2025-05-01$3.58$3.73+4.2%$7.1B$7.2B+1.7%
2025-01-30$3.71$3.82+3.0%$7.4B$7.5B+1.4%
2024-10-31$3.74$3.89+4.0%$7.3B$7.4B+1.4%
2024-07-31$3.51$3.59+2.3%$6.9B$7.0B+1.6%
2024-05-01$3.24$3.31+2.2%$6.3B$6.3B+0.2%
2024-01-31$3.08$3.18+3.2%$6.0B$6.5B+9.9%
2023-10-26$3.21$3.39+5.6%$6.5B$6.5B+0.2%
2023-07-27$2.82$2.89+2.5%$5.6B$6.3B+12.3%
2023-04-27$2.72$2.80+2.9%$5.6B$5.7B+1.9%
2023-01-26$2.58$2.65+2.7%$5.8B$5.8B+0.4%
2022-10-27$2.56$2.68+4.7%$5.7B$5.8B+1.8%
2022-07-28$2.36$2.56+8.5%$5.3B$5.5B+4.4%
2022-04-28$2.17$2.76+27.2%$4.9B$5.2B+5.3%
2022-01-27$2.21$2.35+6.3%$5.2B$5.2B+0.8%
2021-10-28$2.19$2.37+8.2%$5.0B$5.0B+0.5%
2021-07-29$1.75$1.95+11.4%$4.5B$4.5B0.0%
2021-04-29$1.57$1.74+10.8%$4.0B$4.2B+4.5%
2021-01-28$1.51$1.64+8.6%$4.0B$4.1B+2.6%
2020-10-28$1.66$1.60−3.6%$4.0B$3.8B−3.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.706-152.506-222.206-292.107-062.007-131.807-203.307-272.608-031.908-102.208-172.008-241.608-31
Week ofNotionalSharesTrades
2026-08-31$1.6B2,764,94695,954
2026-08-24$2.0B3,389,884114,323
2026-08-17$2.2B3,745,966110,489
2026-08-10$1.9B3,332,736104,938
2026-08-03$2.6B4,608,677128,458
2026-07-27$3.3B5,737,080147,596

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1536.0%
DateShort shareShort volumeTotal volume
2026-10-1536.0%568,1591,580,166
2026-10-1443.6%438,9601,007,097
2026-10-1341.0%520,9131,270,865
2026-10-1233.7%366,6821,086,559
2026-10-0940.5%349,515863,006
2026-10-0846.0%664,1881,444,316
2026-10-0741.8%331,473793,550
2026-10-0630.9%253,047818,483
2026-10-0532.2%319,516991,029
2026-10-0223.7%199,208839,000
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.3Jan+0.7Feb+1.2Mar+5.1Apr+2.0May-0.4Jun+2.5Jul+2.1Aug+0.6Sep+3.0Oct+4.6Nov+2.0Dec
MonthAvg returnUp yearsYears
Jan+1.3%55%20
Feb+0.7%55%20
Mar+1.2%65%20
Apr+5.1%79%19
May+2.0%65%20
Jun−0.4%45%20
Jul+2.5%70%20
Aug+2.1%65%20
Sep+0.6%55%20
Oct+3.0%70%20
Nov+4.6%80%20
Dec+2.0%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1475.2
MFI69.9
ADX27.3
Stochastic %K / %D94.5 / 95.3
Williams %R-6.6
CCI168
TSI / signal28.1 / 8.1
Chaikin money flow0.11
ATR$10.23
Bollinger width14.7%
Volume vs 20-day avg0.85x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$574.77 (+7.4%)
SMA 50$575.43 (+7.3%)
SMA 200$532.84 (+15.9%)
EMA 21$583.10 (+5.9%)
EMA 50$571.55 (+8.0%)
EMA 200$546.02 (+13.1%)
Bollinger upper$616.89 (+0.1%)
Bollinger lower$532.65 (+15.9%)
Parabolic SAR$581.07 (+6.3%)
Open the live chart, 110+ indicators

About Mastercard Incorporated

Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.

https://www.mastercard.com

Key executives

NameTitlePayBorn
Michael MiebachChief Executive Officer, President & Director$9.8M1968
Ling HaiChief Financial Officer$3.3M1971
Sachin MehraChief Business Officer$3.3M1971
Craig E. VosburgVice Chair$2.7M1967
Timothy Henry MurphyVice Chair$2.7M1968
Linda Pistecchia KirkpatrickChief Services Officer$2.3M1977
Richard R. VermaChief Administrative Officer$2.2M1973
Edward Grunde McLaughlinPresident of Mastercard Technology & Chief Technology Officer$2.1M1966

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Michael Miebach President and Chief Executive Officer2025$1.4M$20.7M$8.0M$35.4M
Sachin Mehra Chief Financial Officer2025$820,833$8.4M$2.4M$13.7M
Craig Vosburg Chief Services Officer2025$795,833$7.7M$1.8M$12.3M
Timothy Murphy Vice Chair (formerly Chief Administrative Officer)2025$745,833$6.4M$1.6M$10.4M
Edward McLaughlin President and CTO, Mastercard Technology2025$695,833$5.0M$1.3M$8.3M
Linda Kirkpatrick President, Americas2025$695,833$4.8M$1.5M$8.2M

Employees

15k201819k201921k202024k202130k202233k202335k202440k2025

Dividends

Ex-dateAmountPaid
2026-10-09$0.872026-11-09
2026-07-09$0.872026-08-07
2026-04-09$0.872026-05-08
2026-01-09$0.872026-02-09
2025-10-09$0.762025-11-07
2025-07-09$0.762025-08-08
2025-04-09$0.762025-05-09
2025-01-10$0.762025-02-07

Moat model

Wide · Efficient Scale · 2026-06-30
Cost advantage69
Intangibles73
Switching costs72
Network effect90
Efficient scale100
Our component scores (0-100) and overall 78.6; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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