Mastercard (MA) stock
Financials · Transaction & Payment Processing Services
Mastercard (MA) is a Transaction & Payment Processing Services company in the Financials sector, headquartered in Harrison, New York. As of October 23, 2026, MA closed at $623.60, a market capitalization of $546.28 billion, the 19th largest company in the S&P 500. Over the last twelve months it generated $35.08 billion in revenue (+14% year over year) and $15.97 billion in free cash flow. The stock trades at 34.3x trailing earnings and 27.0x forward earnings.
- 1-year total return: +9.4% (dividends reinvested)
- 5-year return: +12.4% a year
- 52-week range: $464.52 – $633.29
- Gross margin 100.0%, operating margin 61.1%
- Dividend yield: 0.56%, 14 straight years of increases
- FI Handbook report card: B+ across 10 metrics
- 4th largest of 76 Financials stocks in the S&P 500
MA price chart
1Y price change: +8.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MA | +11.5% | +9.9% | +9.4% | +18.3% | +12.4% | +20.5% | +27.8% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2006.
MA key statistics
- Market cap
- $546.3B
- #19 in S&P 500
- P/E (TTM)
- 34.3x
- Forward P/E
- 27.0x
- EPS (TTM)
- $18.18
- Revenue (TTM)
- $35.1B
- +14%
- Free cash flow
- $16.0B
- Gross margin
- 100.0%
- Operating margin
- 61.1%
- Return on equity
- 241.2%
- Dividend yield
- 0.56%
- 52-week range
- $464.52 – $633.29
- Beta
- 0.76
- Price / sales
- 15.6x
- EV / EBITDA
- 25.2x
- Debt / equity
- 4.40x
- Employees
- 39,800
MA report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth14.1%B
- Gross margin100.0%A
- Operating margin61.1%A
- FCF margin45.5%A
- Return on equity241.2%A
- Net debt / EBITDA0.6xB
- Forward P/E27.0xC
- PEG ratio1.6xC
- Shareholder yield2.7%C
- Share count change / yr-2.1%A
Mastercard financials
Revenue went from $10.8B in fiscal 2016 to $32.8B in fiscal 2025, growing 13.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $12.5B | $21.8B | $25.0B | $23.6B | $29.8B | $22.2B | $25.1B | $28.2B | $32.8B |
| Operating income | $5.8B | $6.6B | $7.3B | $9.7B | $8.1B | $10.1B | $12.3B | $14.0B | $15.6B | $18.9B |
| Net income | $4.1B | $3.9B | $5.9B | $8.1B | $6.4B | $8.7B | $9.9B | $11.2B | $12.9B | $15.0B |
| EPS (diluted) | $3.69 | $3.65 | $5.60 | $7.94 | $6.37 | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 |
| Free cash flow | $4.4B | $5.4B | $5.9B | $7.8B | $6.9B | $9.1B | $10.8B | $11.6B | $14.3B | $17.2B |
| Buybacks | $3.5B | $3.8B | $4.9B | $6.5B | $4.5B | $5.9B | $8.8B | $9.0B | $11.0B | $11.7B |
| Dividends paid | $837.0M | $942.0M | $1.0B | $1.3B | $1.6B | $1.7B | $1.9B | $2.2B | $2.4B | $2.8B |
| Diluted shares | 1.1B | 1.1B | 1.0B | 1.0B | 1.0B | 992.0M | 971.0M | 946.0M | 927.0M | 906.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MA?
A reverse DCF asks what growth the current price requires. With an enterprise value of $559.3B and $16.0B of trailing free cash flow, Mastercard needs to grow free cash flow about 24.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 20.0% a year over the last five years.
P/E ratio history
Current 37.7x vs. median 35.0x (10th–90th percentile 22.3x–52.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MA dividend
- Dividend yield
- 0.56%
- Annual dividend
- $3.48
- Years of increases
- 14
- 5-yr dividend growth
- 13.7%
- per year
- Payout ratio
- 18%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MA earnings
Next report: October 29, 2026. Mastercard has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $9.3B (+14% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $4.78 | $5.04 | +5.5% |
| Apr 30, 2026 | $4.41 | $4.60 | +4.2% |
| Jan 29, 2026 | $4.24 | $4.76 | +12.3% |
| Oct 30, 2025 | $4.31 | $4.38 | +1.5% |
| Jul 31, 2025 | $4.02 | $4.15 | +3.1% |
| May 1, 2025 | $3.56 | $3.73 | +4.8% |
| Jan 30, 2025 | $3.69 | $3.82 | +3.5% |
| Oct 31, 2024 | $3.75 | $3.89 | +3.9% |
Stocks like MA
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|---|---|---|---|---|---|
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 XYZ Block | -3.24% | -3% | $45.9B | 136.5x | Compare |
 CPAY Corpay | -1.58% | +44% | $26.8B | 24.8x | Compare |
 FISV Fiserv | -1.89% | -60% | $26.5B | 9.6x | Compare |
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 FIS Fidelity National Information S | -1.98% | -42% | $19.4B | 5.8x | Compare |
 JKHY Jack Henry & Associates | +0.46% | +6% | $11.4B | 22.1x | Compare |
MA news
- Mastercard Stock And China Market Access Why Financial Shares Are Back On Watch · Oct 24, 2026
- Money 20/20 USA: Extend CEO Andrew Jamison on Mastercard, Banks + Card Software · Oct 23, 2026
- Dashen Bank and ShebaMiles Launch Platinum Co-Branded Mastercard Debit Card to Unlock Premium Travel Benefits for Customers in Ethiopia · Oct 23, 2026
- American Express Falls 3% Despite Q3 Beat and Higher Profit Floor; Visa and Mastercard Slip · Oct 23, 2026
- Fiserv Appoints Raj Seshadri to Board of Directors · Oct 23, 2026
MA stock FAQ
What is MA's market cap?
Mastercard's market capitalization is $546.28 billion as of October 23, 2026, ranking 19th in the S&P 500.
What is MA's P/E ratio?
MA trades at a trailing price-to-earnings ratio of 34.3x and a forward P/E of 27.0x. Its median P/E over the period we track is 35.0x.
Does MA pay a dividend?
Yes. Mastercard pays $3.48 per share a year, a 0.56% yield. It has raised its dividend 14 years in a row. Dividends grew 13.7% a year over the last five years.
How much has MA stock returned?
Including reinvested dividends, MA returned +9.4% over one year, +12.4% a year over five years, +20.5% a year over ten years through October 23, 2026.
Is MA stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Mastercard must grow free cash flow about 25% a year for the next decade. Its free cash flow grew 20% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does MA report earnings?
Mastercard is expected to report earnings on October 29, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Mastercard have?
Mastercard has about 39,800 full-time employees, or $881,482 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology