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Mastercard Inc MA

NYSE · stock · Services-Business Services, NEC · website · IPO 2006-05-25 · LEI

Mastercard Inc statistics & valuation

Market cap$440.9B
P / S13.4×
P / B56.9×
P / FCF25.7×
Dividend yield0.63%
FCF margin52.3%
Net debt$7.7B
Net debt / EBITDA0.4×
Enterprise value USD$448.6B
EV / EBITDA22.4×
Earnings yield EBIT/EV4.2%
Return on capital60.2%
Graham number -89.9%$56.37

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($56.37); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
53.50% 53.00% 33.40% 38.70% 34.20% 33.80% 55.20% 55.80% 55.30% 57.60% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
1.10B 1.07B 1.05B 1.02B 1.01B 992.0M 971.0M 946.0M 927.0M 906.0M 2016201720182019202020212022202320242025
Net debt ($)
-$1.54B -$509.0M -$848.0M $1.54B $1.91B $5.69B $6.74B $5.76B $9.03B $7.68B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
41.00% 42.90% 27.00% 31.10% 29.20% 30.30% 48.40% 46.30% 50.80% 52.30% 2016201720182019202020212022202320242025
Debt / equity (×)
0.91× 0.99× 1.08× 1.44× 1.85× 1.78× 2.16× 2.06× 2.68× 2.36× 2016201720182019202020212022202320242025
EPS ($)
$3.69 $3.65 $5.60 $7.94 $6.37 $8.76 $10.22 $11.83 $13.89 $16.52 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Mastercard Inc trades at about 33.9× earnings — below its 10-year norm (10-year range 28.8×–49.7×, median 39.8×).

28.8× 49.7×

Shaded band = 10-year range (28.8×–49.7×); dot = today's 33.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin57.6%55.3%55.8%55.2%33.8%34.2%38.7%33.4%53.0%53.5%
FCF margin52.3%50.8%46.3%48.4%30.3%29.2%31.1%27.0%42.9%41.0%
Debt / equity2.36×2.68×2.06×2.16×1.78×1.85×1.44×1.08×0.99×0.91×
Current ratio1.031.031.171.171.291.611.421.391.571.84

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.