Mastercard Incorporated
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.
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Mastercard Incorporated (MA) P/B ratio
As of 16 October 2026, Mastercard Incorporated (MA) trades at a P/B ratio of 97.1×. Over the past ten years it has ranged from 13.8× (January 2015) to 97.1× (October 2026) — the current reading is the highest in ten years. That is above the Credit Services industry median of 1.2× and above the Financial sector median of 1.2×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 66.7× | (10.79%) |
| FY2024 | 74.8× | 30.94% |
| FY2023 | 57.1× | 8.11% |
| FY2022 | 52.8× | 9.84% |
| FY2021 | 48.1× | (12.77%) |
| FY2020 | 55.1× | 7.41% |
| FY2019 | 51.3× | 41.59% |
| FY2018 | 36.2× | 22.93% |
| FY2017 | 29.5× | 44.84% |
| FY2016 | 20.4× | 11.78% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 80.8× | 22.01% |
| Mar 2026 | 66.2× | (0.70%) |
| Dec 2025 | 66.7× | 2.83% |
| Sep 2025 | 64.9× | 0.09% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| ALLY Ally Financial Inc. compare | 0.9× |
| COF Capital One Financial Corporation compare | 1.1× |
| SYF Synchrony Financial compare | 1.6× |
| SOFI SoFi Technologies, Inc. compare | 1.7× |
| PYPL PayPal Holdings, Inc. compare | 2.5× |
| AFRM Affirm Holdings, Inc. compare | 4.5× |
| AXP American Express Company compare | 6.2× |
| V Visa Inc. compare | 20.7× |
| MA Mastercard Incorporated | 97.1× |
| Credit Services industry median | 1.2× |
| Financial sector median | 1.2× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on MA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement