Mastercard Financial Ratios
NYSE: MAConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Mastercard ratio analysis
Mastercard earned a net margin of 45.6% in FY 2025, down from 45.7% a year earlier. Return on equity reached 193.5%, meaning Mastercard generated 1.93 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks. Debt-to-equity stood at 2.46 versus 2.81 the year before, and the current ratio was 1.03.
At the end of FY 2025, MA traded at 34.1 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 28.0 to 56.0, with a median of 36.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Mastercard financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 34.09 | 37.53 | 36.05 | 34.02 | 41.02 | 56.03 | 37.84 | 33.89 | 41.47 | 27.98 |
| Price / sales | 15.54 | 17.12 | 16.04 | 15.14 | 18.80 | 23.37 | 18.10 | 13.21 | 12.92 | 10.52 |
| Price / book | 65.87 | 74.37 | 58.11 | 53.45 | 48.55 | 55.96 | 51.85 | 36.62 | 29.54 | 20.04 |
| Operating margin | 57.6% | 55.3% | 55.8% | 55.2% | 53.4% | 52.8% | 57.2% | 48.7% | 53.0% | 53.5% |
| Net margin | 45.6% | 45.7% | 44.6% | 44.7% | 46.0% | 41.9% | 48.1% | 39.2% | 31.3% | 37.7% |
| Free cash flow margin | 52.3% | 50.8% | 46.3% | 48.4% | 48.0% | 45.0% | 46.0% | 39.4% | 42.9% | 41.0% |
| Return on equity (ROE) | 193.5% | 198.5% | 161.6% | 157.7% | 118.8% | 100.3% | 137.8% | 108.6% | 71.6% | 71.8% |
| Return on assets (ROA) | 27.6% | 26.8% | 26.4% | 25.6% | 23.1% | 19.1% | 27.8% | 23.6% | 18.4% | 21.7% |
| Debt / equity | 2.46 | 2.81 | 2.26 | 2.23 | 1.90 | 1.98 | 1.45 | 1.17 | 0.99 | 0.92 |
| Current ratio | 1.03 | 1.03 | 1.17 | 1.17 | 1.29 | 1.61 | 1.42 | 1.39 | 1.57 | 1.84 |
| Revenue growth | 16.4% | 12.2% | 12.9% | 17.8% | 23.4% | -9.4% | 12.9% | 19.6% | 16.0% | 11.5% |
| EPS growth | 18.9% | 17.4% | 15.8% | 16.7% | 37.5% | -19.8% | 41.8% | 53.4% | -1.1% | 10.1% |