Last 48 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Mastercard Incorporated's quarterly P/E stands at 28.7x, down 24.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 28.5% YoY to 20.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 29.65 | 28.72 | 31.58 | 32.77 | 34.52 | 38.17 | 36.17 | 34.97 | 31.51 | 37.39 | 35.90 | 29.20 | 32.77 |
| — | -24.8% | -12.7% | -6.3% | +9.5% | +2.1% | +0.7% | +19.8% | -3.9% | +1.6% | +8.2% | +6.0% | -2.8% | |
| P/S Ratio | 13.22 | 13.28 | 14.55 | 14.96 | 15.70 | 17.28 | 16.15 | 15.50 | 14.73 | 17.73 | 15.29 | 14.29 | 14.88 |
| — | -23.1% | -9.9% | -3.5% | +6.6% | -2.6% | +5.6% | +8.5% | -1.0% | +17.4% | +6.2% | +19.5% | +6.5% | |
| P/B Ratio | 56.78 | 66.36 | 66.18 | 65.00 | 64.87 | 74.82 | 74.28 | 60.92 | 54.84 | 61.61 | 57.24 | 58.51 | 66.90 |
| — | -11.3% | -10.9% | +6.7% | +18.3% | +21.4% | +29.8% | +4.1% | -18.0% | -4.1% | +9.0% | +37.0% | +36.3% | |
| P/FCF | 25.64 | 39.21 | 26.57 | 23.46 | 27.99 | 56.39 | 25.53 | 23.47 | 36.09 | 86.99 | 24.70 | 29.83 | 35.64 |
| — | -30.5% | +4.1% | -0.0% | -22.5% | -35.2% | +3.3% | -21.3% | +1.3% | +81.2% | -18.5% | +55.1% | +5.3% | |
| EV / EBITDA | 21.52 | 20.68 | 22.81 | 24.46 | 25.74 | 28.94 | 29.61 | 27.43 | 24.58 | 30.01 | 28.49 | 23.55 | 24.86 |
| — | -28.5% | -23.0% | -10.9% | +4.7% | -3.6% | +3.9% | +16.5% | -1.2% | +12.1% | +12.3% | +10.1% | +1.0% | |
| EV / EBIT | 22.78 | 23.30 | 26.53 | 25.86 | 26.75 | 30.39 | 30.29 | 28.82 | 25.59 | 30.92 | 29.37 | 24.41 | 24.86 |
| — | -23.3% | -12.4% | -10.3% | +4.5% | -1.7% | +3.1% | +18.1% | +2.9% | +3.6% | +10.5% | +10.5% | -8.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Mastercard Incorporated's operating margin was 58.4% in Q1 2026, down 3.1 pp QoQ and up 1.2 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.4% | 75.7% | 100.0% | 78.0% | 77.2% | 76.7% | 77.9% | 74.2% | 76.9% | 76.1% | 76.7% | 75.9% | 76.2% |
| — | -1.3% | +28.3% | +5.1% | +0.4% | +0.7% | +1.6% | -2.2% | +1.0% | +1.3% | +0.5% | -0.1% | +0.2% | |
| Operating Margin | 59.2% | 58.4% | 61.5% | 58.8% | 58.7% | 57.2% | 52.6% | 54.3% | 58.0% | 56.8% | 51.5% | 58.8% | 58.3% |
| — | +2.1% | +16.9% | +8.3% | +1.3% | +0.8% | +2.1% | -7.7% | -0.6% | +4.1% | -5.9% | +8.8% | +6.2% | |
| Net Margin | 45.6% | 46.2% | 46.1% | 45.7% | 45.5% | 45.2% | 44.6% | 44.3% | 46.8% | 47.4% | 42.6% | 49.0% | 45.4% |
| — | +2.2% | +3.3% | +3.1% | -2.8% | -4.6% | +4.7% | -9.5% | +3.1% | +15.5% | -1.8% | +12.8% | +9.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 209.9% | 53.7% | 51.8% | 49.7% | 50.8% | 49.7% | 47.7% | 43.6% | 44.1% | 42.1% | 41.7% | 53.5% | 51.8% |
| — | +8.0% | +8.7% | +14.2% | +15.3% | +18.0% | +14.3% | -18.5% | -14.9% | +5.1% | +5.9% | +35.9% | +52.4% | |
| ROA | 29.3% | 7.3% | 7.6% | 7.5% | 7.4% | 6.8% | 7.0% | 7.3% | 7.7% | 7.1% | 6.8% | 8.1% | 7.3% |
| — | +7.2% | +7.8% | +2.9% | -3.4% | -4.0% | +3.2% | -10.4% | +5.1% | +16.4% | +2.7% | +20.1% | +17.8% | |
| ROIC | 56.5% | 14.0% | 15.1% | 14.1% | 13.7% | 12.4% | 11.7% | 12.3% | 13.2% | 11.9% | 11.3% | 13.4% | 13.0% |
| — | +13.3% | +29.7% | +15.1% | +4.1% | +4.5% | +3.0% | -8.2% | +1.2% | +4.2% | -1.8% | +19.4% | +22.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Mastercard Incorporated's Debt/EBITDA ratio is 3.4x, up from 3.3x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 11.7% YoY to 0.98x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.45 | 2.82 | 2.45 | 2.40 | 2.41 | 2.81 | 2.80 | 2.45 | 2.09 | 2.14 | 2.24 | 2.44 | 2.80 |
| — | +0.4% | -12.3% | -2.1% | +15.5% | +31.3% | +24.8% | +0.4% | -25.5% | -25.7% | +1.9% | +8.1% | +21.1% | |
| Debt / EBITDA | 0.92 | 3.43 | 3.33 | 3.55 | 3.75 | 4.25 | 4.37 | 4.34 | 3.66 | 4.09 | 4.38 | 3.84 | 4.06 |
| — | -19.3% | -23.9% | -18.3% | +2.4% | +3.9% | -0.3% | +13.1% | -9.8% | -12.6% | +5.3% | -12.9% | -10.1% | |
| Current Ratio | 1.03 | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 | 1.17 | 1.13 |
| — | -11.7% | +0.9% | -13.0% | +2.0% | +1.9% | -12.0% | +10.2% | +1.0% | -9.4% | -0.5% | -6.3% | -10.3% | |
| Quick Ratio | 1.03 | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 | 1.17 | 1.13 |
| — | -11.7% | +0.9% | -13.0% | +2.0% | +1.9% | -12.0% | +10.2% | +1.0% | -9.4% | -0.5% | -6.3% | -10.3% | |
| Interest Coverage | 26.39 | 26.52 | 30.88 | 27.21 | 24.96 | 23.15 | 22.15 | 25.31 | 26.75 | 24.72 | 23.44 | 25.91 | 26.72 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into MA consensus models and risk factors.
Wall Street verdict, signals, and target summaries.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MA stock.
Mastercard Incorporated's current P/E is 29.6x. The average P/E over the last 4 quarters is 31.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Mastercard Incorporated's current operating margin is 59.2%. Margins have been compressing 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.