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Saturday 17 October 2026 Export MA’s income statement to Excel — free account

Mastercard Incorporated

MA Financial Credit Services

Mastercard Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $32.8 billion, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 14.1%, EPS grew 22.1%, free cash flow fell 25.0% and total debt rose 29.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five.

617.42 1.10 +0.18%
Market cap
$539.9B
P/E
33.9×
Fwd P/E
25.4×
Dividend yield
0.56%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Mastercard Incorporated (MA) Debt to equity

Alert me on Debt to equity

Mastercard Incorporated's debt to equity at the end of the quarter to 30 June 2026 was 4.4×, up 1.9× from fiscal 2025 (2.5×). Over the past ten years it has ranged from 0.5× (fiscal 2015) to 2.8× (fiscal 2024); the current reading is higher than 91% of that period. That is above the Credit Services industry median of 0.7× and above the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.5× (12.32%)
FY2024 2.8× 24.43%
FY2023 2.2× 1.90%
FY2022 2.2× 17.18%
FY2021 1.9× (3.60%)
FY2020 2.0× 33.87%
FY2019 1.5× 24.80%
FY2018 1.2× 18.49%
FY2017 1.0× 8.27%
FY2016 0.9× 69.04%

Quarterly newest first

Period Debt to equity Change
Jun 2026 4.4× 55.85%
Mar 2026 2.8× 14.99%
Dec 2025 2.5× 2.33%
Sep 2025 2.4× (0.50%)
42 more quarters

Against its own ten years

Low 0.5× High 2.8×
Ten-year median 1.9×
Current reading's percentile 91

Debt to equity against peers

Company Debt to equity
SOFI SoFi Technologies, Inc. compare 0.3×
COF Capital One Financial Corporation compare 0.4×
PYPL PayPal Holdings, Inc. compare 0.7×
V Visa Inc. compare 0.7×
SYF Synchrony Financial compare 1.0×
ALLY Ally Financial Inc. compare 1.1×
AXP American Express Company compare 1.7×
AFRM Affirm Holdings, Inc. compare 1.8×
MA Mastercard Incorporated 4.4×
Credit Services industry median 0.7×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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