Last 47 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 37.37 | 25.84 | 28.72 | 31.58 | 32.77 | 34.52 | 38.17 | 36.17 | 34.97 | 31.51 | 37.39 | 35.90 | 29.20 | 32.77 | 36.78 | 33.18 | 27.55 | 33.71 | 33.34 | 37.27 | 35.62 |
| — | -25.2% | -24.8% | -12.7% | -6.3% | +9.5% | +2.1% | +0.7% | +19.8% | -3.9% | +1.6% | +8.2% | +6.0% | -2.8% | +10.3% | -11.0% | -22.7% | -23.2% | -31.5% | -25.6% | -36.4% | |
| P/S Ratio | 17.01 | 12.52 | 13.58 | 14.82 | 15.29 | 16.09 | 17.72 | 16.56 | 15.84 | 15.07 | 18.16 | 15.64 | 14.62 | 15.23 | 15.47 | 14.71 | 12.21 | 14.27 | 17.33 | 17.34 | 17.65 |
| — | -22.2% | -23.4% | -10.5% | -3.4% | +6.8% | -2.4% | +5.9% | +8.3% | -1.1% | +17.4% | +6.3% | +19.8% | +6.8% | -10.8% | -15.2% | -30.8% | -30.4% | -21.0% | -22.1% | -22.5% | |
| P/B Ratio | 71.58 | 80.90 | 66.35 | 66.18 | 65.00 | 64.87 | 74.82 | 74.28 | 60.92 | 54.84 | 61.61 | 57.24 | 58.51 | 66.90 | 64.25 | 52.51 | 42.72 | 49.07 | 49.17 | 47.80 | 50.60 |
| — | +24.7% | -11.3% | -10.9% | +6.7% | +18.3% | +21.4% | +29.8% | +4.1% | -18.0% | -4.1% | +9.0% | +37.0% | +36.3% | +30.7% | +9.9% | -15.6% | -11.2% | -10.7% | -12.8% | -12.4% | |
| P/FCF | 32.26 | 34.41 | 39.21 | 26.57 | 23.46 | 27.99 | 56.39 | 26.39 | 23.47 | 36.09 | 86.99 | 24.70 | 29.83 | 35.64 | 48.01 | 30.32 | 19.23 | 33.84 | 58.90 | 29.91 | 37.51 |
| — | +22.9% | -30.5% | +0.7% | -0.0% | -22.5% | -35.2% | +6.8% | -21.3% | +1.3% | +81.2% | -18.5% | +55.1% | +5.3% | -18.5% | +1.4% | -48.7% | -22.6% | -12.5% | -29.6% | -34.3% | |
| EV / EBITDA | 26.82 | 19.80 | 21.72 | 24.01 | 23.97 | 25.74 | 28.94 | 29.61 | 27.43 | 24.58 | 30.01 | 28.49 | 23.55 | 24.86 | 26.78 | 25.38 | 21.39 | 24.62 | 28.51 | 29.90 | 30.26 |
| — | -23.1% | -25.0% | -18.9% | -12.6% | +4.7% | -3.6% | +3.9% | +16.5% | -1.2% | +12.1% | +12.3% | +10.1% | +1.0% | -6.1% | -15.1% | -29.3% | -32.8% | -25.6% | -26.6% | -20.6% | |
| EV / EBIT | 28.39 | 20.46 | 22.88 | 25.87 | 25.24 | 26.75 | 30.39 | 30.29 | 28.82 | 25.59 | 30.92 | 29.37 | 24.41 | 24.86 | 29.85 | 26.58 | 22.10 | 27.12 | 31.07 | 30.77 | 30.05 |
| — | -23.5% | -24.7% | -14.6% | -12.4% | +4.5% | -1.7% | +3.1% | +18.1% | +2.9% | +3.6% | +10.5% | +10.5% | -8.3% | -3.9% | -13.6% | -26.5% | -24.4% | -21.1% | -22.3% | -29.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.9% | 96.7% | 75.7% | 79.4% | 78.0% | 77.2% | 76.7% | 77.9% | 74.2% | 76.9% | 76.1% | 76.7% | 75.9% | 76.2% | 75.2% | 76.3% | 76.0% | 76.0% | 77.1% | 79.1% | 76.6% |
| — | +25.2% | -1.3% | +1.8% | +5.1% | +0.4% | +0.7% | +1.6% | -2.2% | +1.0% | +1.3% | +0.5% | -0.1% | +0.2% | -2.5% | -3.6% | -0.8% | +1.3% | +5.1% | +3.5% | +1.5% | |
| Operating Margin | 59.5% | 60.2% | 59.1% | 58.2% | 60.1% | 58.7% | 57.2% | 52.6% | 54.3% | 58.0% | 56.8% | 51.5% | 58.8% | 58.3% | 54.6% | 54.7% | 54.1% | 54.9% | 57.1% | 54.2% | 54.5% |
| — | +2.5% | +3.3% | +10.8% | +10.6% | +1.3% | +0.8% | +2.1% | -7.7% | -0.6% | +4.1% | -5.9% | +8.8% | +6.2% | -4.4% | +1.0% | -0.8% | +6.2% | +8.0% | +8.5% | -0.7% | |
| Net Margin | 45.6% | 47.3% | 46.2% | 46.1% | 45.7% | 45.5% | 45.2% | 44.6% | 44.3% | 46.8% | 47.4% | 42.6% | 49.0% | 45.4% | 41.1% | 43.4% | 43.4% | 41.4% | 50.9% | 45.6% | 48.4% |
| — | +3.9% | +2.2% | +3.3% | +3.1% | -2.8% | -4.6% | +4.7% | -9.5% | +3.1% | +15.5% | -1.8% | +12.8% | +9.7% | -19.3% | -4.8% | -10.3% | -9.3% | +15.7% | +5.3% | +22.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 209.9% | 71.2% | 53.7% | 51.8% | 49.7% | 50.8% | 49.7% | 47.7% | 43.6% | 44.1% | 42.1% | 41.7% | 53.5% | 51.8% | 40.1% | 39.4% | 39.3% | 34.0% | 36.2% | 33.5% | 36.1% |
| — | +40.1% | +8.0% | +8.7% | +14.2% | +15.3% | +18.0% | +14.3% | -18.5% | -14.9% | +5.1% | +5.9% | +35.9% | +52.4% | +10.7% | +17.7% | +8.9% | +7.1% | +28.4% | +16.2% | +48.3% | |
| ROA | 29.3% | 8.0% | 7.3% | 7.6% | 7.5% | 7.4% | 6.8% | 7.0% | 7.3% | 7.7% | 7.1% | 6.8% | 8.1% | 7.3% | 6.1% | 6.6% | 6.8% | 6.2% | 7.0% | 6.5% | 6.9% |
| — | +7.5% | +7.2% | +7.8% | +2.9% | -3.4% | -4.0% | +3.2% | -10.4% | +5.1% | +16.4% | +2.7% | +20.1% | +17.8% | -13.5% | +1.6% | -1.4% | +4.6% | +31.5% | +18.9% | +44.6% | |
| ROIC | 56.9% | 15.0% | 14.2% | 14.3% | 14.4% | 13.7% | 12.4% | 11.7% | 12.3% | 13.2% | 11.9% | 11.3% | 13.4% | 13.0% | 11.4% | 11.5% | 11.2% | 10.6% | 10.3% | 10.1% | 9.9% |
| — | +9.4% | +14.7% | +22.8% | +17.6% | +4.1% | +4.5% | +3.0% | -8.2% | +1.2% | +4.2% | -1.8% | +19.4% | +22.1% | +10.7% | +14.3% | +12.9% | +23.7% | +23.1% | +23.2% | +17.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.45 | 4.40 | 2.82 | 2.45 | 2.40 | 2.41 | 2.81 | 2.80 | 2.45 | 2.09 | 2.14 | 2.24 | 2.44 | 2.80 | 2.88 | 2.20 | 2.26 | 2.31 | 2.05 | 1.88 | 2.04 |
| — | +82.5% | +0.4% | -12.3% | -2.1% | +15.5% | +31.3% | +24.8% | +0.4% | -25.5% | -25.7% | +1.9% | +8.1% | +21.1% | +40.2% | +17.3% | +10.7% | +9.3% | -4.4% | -3.5% | -4.7% | |
| Debt / EBITDA | 0.92 | 4.18 | 3.60 | 3.50 | 3.48 | 3.75 | 4.25 | 4.37 | 4.34 | 3.66 | 4.09 | 4.38 | 3.84 | 4.06 | 4.68 | 4.16 | 4.41 | 4.52 | 4.66 | 4.61 | 4.77 |
| — | +11.4% | -15.3% | -19.9% | -19.9% | +2.4% | +3.9% | -0.3% | +13.1% | -9.8% | -12.6% | +5.3% | -12.9% | -10.1% | +0.4% | -9.7% | -7.6% | -17.9% | -20.7% | -19.7% | -14.8% | |
| Current Ratio | 1.03 | 1.06 | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 | 1.17 | 1.13 | 1.20 | 1.17 | 1.25 | 1.26 | 1.34 | 1.29 | 1.33 |
| — | -8.8% | -11.7% | +0.9% | -13.0% | +2.0% | +1.9% | -12.0% | +10.2% | +1.0% | -9.4% | -0.5% | -6.3% | -10.3% | -10.1% | -9.0% | -6.2% | -5.7% | -6.4% | -20.2% | -28.3% | |
| Quick Ratio | 1.03 | 1.06 | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 | 1.17 | 1.13 | 1.20 | 1.17 | 1.25 | 1.26 | 1.34 | 1.29 | 1.33 |
| — | -8.8% | -11.7% | +0.9% | -13.0% | +2.0% | +1.9% | -12.0% | +10.2% | +1.0% | -9.4% | -0.5% | -6.3% | -10.3% | -10.1% | -9.0% | -6.2% | -5.7% | -6.4% | -20.2% | -28.3% | |
| Interest Coverage | 26.73 | 26.17 | 27.01 | 31.67 | 27.88 | 24.96 | 23.15 | 22.15 | 25.31 | 26.75 | 24.72 | 23.44 | 25.91 | 26.72 | 22.61 | 25.32 | 26.60 | 25.54 | 26.21 | 27.14 | 26.60 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MA stock.
Mastercard Incorporated's current P/E is 37.4x. The average P/E over the last 4 quarters is 29.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Mastercard Incorporated's current operating margin is 59.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Mastercard Incorporated's business trajectory between earnings reports.