Mastercard Inc (MA)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$617.42
▲ +1.10 (0.18%)
Fair valueFair
$517 −16.3% to fair value
$258fair band $310–$724$775
Day's range
$613.32 – $622.49
52-week range
$463.04 – $622.49
About Mastercard Inc
Mastercard runs a global payments network that connects consumers, merchants and banks. It does not issue cards or lend to cardholders; banks do that. The company earns money from fees charged on transaction volume, on currency conversion and cross-border activity, and from data, security and other services it sells to financial institutions. Its results follow consumer spending patterns and the growth of electronic payments.
Looking at the top line, revenue was $35.1 billion for the latest twelve months and it grew by 13.8% a year over three years. Operating margin was 58.3%, and return on invested capital is 87%. Its net debt to EBITDA ratio is 0.6 times. Shareholders receive a dividend with a yield of 0.6%. The overall X-Ray Score is 57 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $463.04 – $622.49Volume 3,428,200Daily, split-adjusted
Vitals
Market cap$545.2B
52-week range$463.04 – $622.49
Volume (last day)3,428,200
P/E (TTM)34.1
EBIT / EV yield3.7%
Free-cash-flow yield3.1%
Dividend yield0.6%
Revenue (TTM)$35.1B
Net income (TTM)$16.3B
Operating margin58.3%
Return on capital87.0%
Debt incl. leases$24.6B
Cash & securities$11.3B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$517model spread $315 – $475
Fair
−16.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $617
Undervalued < $310Fair $310 – $724Overvalued > $724
10-year DCF (market-scaled)
$921
Peer multiples
$250
Earnings power floor (not blended)
$241
Fundamentals-adjusted multiple
$380
Growth the price implies
8.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
24/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.7%
Free-cash-flow yield3.1%
Fair value vs price0.8×
Growth
Strong
73/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)13.8%
EPS growth (3y)17.4%
Growth consistency100%
Profitability
Strong
75/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital87.0%
Operating margin58.3%
Financial health
Strong
74/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA0.6×
Interest cover27.4×
Dividends
Fair
56/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.6%
Dividends vs free cash flow18%
Dividend growth13.1%
Quarterly results: last 6 quarters
+14.2%
Mar '25
+16.8%
Jun '25
+16.7%
Sep '25
+17.6%
Dec '25
+15.8%
Mar '26
+14.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.3B, diluted EPS $4.97.
Compare with peers
JKHY Jack Henry & Associate...65 PYPL PayPal Holdings, Inc.65 CPAY Corpay, Inc.54 FISV Fiserv Inc49Other Transaction & Payment Processing Services companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 6 Average · ● 2 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 62/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $29.8B | $22.2B | $25.1B | $28.2B | $32.8B |
| Operating income | $10.1B | $12.3B | $14.0B | $15.6B | $18.9B |
| Net income | $8.7B | $9.9B | $11.2B | $12.9B | $15.0B |
| Operating cash flow | $9.5B | $11.2B | $12.0B | $14.8B | $17.6B |
| Operating margin | 33.8% | 55.2% | 55.8% | 55.3% | 57.6% |
| Free cash flow | $9.1B | $10.8B | $11.6B | $14.3B | $17.2B |
| Diluted EPS | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 589.9 | Bullish |
| EMA 10 | 594.7 | Bullish |
| SMA 20 | 574.6 | Bullish |
| EMA 20 | 583.6 | Bullish |
| SMA 50 | 574.9 | Bullish |
| EMA 50 | 571.1 | Bullish |
| SMA 100 | 546.9 | Bullish |
| EMA 100 | 556.2 | Bullish |
| SMA 200 | 531.3 | Bullish |
| EMA 200 | 544.6 | Bullish |
Oscillators (daily)
| RSI (14) | 75.28 | Bearish |
| MACD (12, 26) | 11.04 | Bullish |
| Momentum (12) | 12.13 | Bullish |
| Stochastic %K (14) | 93.49 | Bearish |
| Williams %R (14) | -6.51 | Bearish |
| CCI (20) | 168.2 | Bearish |
Pivot points (classic, last session)
S3 603.8 | S2 608.6 | S1 613.0 | Pivot 617.7 | R1 622.2 | R2 626.9 | R3 631.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.48 USD
Yield on today's price
0.56%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 9 Oct 2026 | 0.8700 |
| 9 Jul 2026 | 0.8700 |
| 9 Apr 2026 | 0.8700 |
| 9 Jan 2026 | 0.8700 |
| 9 Oct 2025 | 0.7600 |
| 9 Jul 2025 | 0.7600 |
| 9 Apr 2025 | 0.7600 |
| 10 Jan 2025 | 0.7600 |
| 9 Oct 2024 | 0.6600 |
| 9 Jul 2024 | 0.6600 |
| 8 Apr 2024 | 0.6600 |
| 8 Jan 2024 | 0.6600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MA SEC filings
30 Jul 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations
17 Jun 2026
8-KSEC EDGAR
Shareholder vote results
8 Jun 2026
8-KSEC EDGAR
Other events
2 Jun 2026
8-KSEC EDGAR
Director or officer change
7 May 2026
8-KSEC EDGAR
Director or officer change
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.