Mastercard Incorporated (MA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Mastercard Incorporated

NYSE•Financial Services•Credit Services

$647.18-10.92(-0.02%)After hours

Market Cap

$566.28B

P/E

33.4x

P/S

15.6x

P/B

83.9x

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; consumer bill payment services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from an existing account and leverages the credit limit of the funding account; and a platform to optimize supplier payment enablement campaigns for financial institutions. In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers; and partners with central banks, fintechs, and financial institutions, as well as enables various cross-border payment flows. Further, it provides security solutions; marketing, personalization, and issuer and merchant loyalty services; business and operational intelligence, advanced analytics and AI, consulting and agentic solutions, and payments and portfolio optimization; digital and authentication; processing and gateway solutions; and other solutions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability22/25

Growth25/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality18/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 33.4x5y range 27.6x – 40.8x

Currently near its 20-quarter median.

P/S · 15.6x5y range 12.8x – 18.8x

Currently near its 20-quarter median.

P/B · 83.9x5y range 43.5x – 83.9x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Red Flag

D/E ratio is 3.3 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $566.28B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $36.29B
Q. Revenue: $9.81B
TTM EBITDA: $22.50B
TTM Op. Income: $21.27B
Q. Op. Income: $5.86B
TTM Net Income: $16.96B
Q. Net Income: $4.63B
EPS: $5.29
Shares Out.: $875.00M

$36.29B in TTM revenue grew 15.3% YoY, reaching $9.81B last quarter. TTM EBITDA of $22.50B and TTM operating income of $21.27B show growth is flowing through to the bottom line. TTM net income of $16.96B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 63.1%
Op. Margin: 59.8%
Net Margin: 47.2%

Op. margin of 59.8% is up 0.9% YoY — cost efficiency is improving. Net margin at 47.2% Over the past year, operating margin is up 2% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 33.4x
P/S Ratio: 15.6x
P/B Ratio: 83.9x

At 33.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 15.6x and P/B of 83.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 7% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $58.15B
Cash: $10.15B
Long-Term Debt: $22.19B
Book Value: $6.75B
D/E Ratio: 3.3
Debt/EBITDA: 3.6

With $58.15B in assets and $22.19B in long-term debt, D/E is 3.3and book value is $6.75B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 37% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.09B
TTM Free Cash Flow: $16.08B
FCF Margin: 44.3%
FCF / Net Income: 0.9

TTM FCF of $16.08B on $5.09B in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.