Friday 6 November 2026 Export MA’s income statement to Excel — free account

Mastercard Incorporated

Mastercard Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $32.8 billion, up 16.4% from fiscal 2024.

Revenue: +14.0%
EPS: +21.6%
Free cash flow: −10.3%
Total debt: +26.1%

Quarter to September 2026, against a year earlier

658.17 2.25 +0.34%

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Market cap: $571.4B
P/E: 34.2×
Fwd P/E: 32.5×
Dividend yield: 0.53%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

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 September 2026 was 3.6×, up 1.1× 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×.

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<iframe src="https://stockrow.com/embed/MA/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Mastercard Incorporated debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MA/metrics/debt-to-equity">Mastercard Incorporated (MA) debt to equity — stockrow.com</a></p>

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%

Period	Debt to equity	Change
Sep 2026	3.6×	(19.20%)
Jun 2026	4.4×	55.85%
Mar 2026	2.8×	14.99%
Dec 2025	2.5×	2.33%
43 more quarters	Free account

Against its own ten years

Low 0.5× High 2.8×

Ten-year median 1.9×

Current reading's percentile 91

Company	Debt to equity
AFRM Affirm Holdings, Inc. compare	0.0×
SOFI SoFi Technologies, Inc. compare	0.3×
COF Capital One Financial Corporation compare	0.4×
V Visa Inc. compare	0.6×
PYPL PayPal Holdings, Inc. compare	0.7×
SYF Synchrony Financial compare	1.0×
ALLY Ally Financial Inc. compare	1.3×
AXP American Express Company compare	1.6×
MA Mastercard Incorporated	3.6×
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 →

Mastercard Incorporated (MA) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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