Mastercard Incorporated (MA) Financial Ratios: P/E, ROE & More

Mastercard Incorporated (MA) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Mastercard Incorporated had a P/E ratio of 34.25 (down from 37.54), return on equity of 209.9% (up from 190.6%), debt-to-equity of 2.56 (down from 2.91) and a current ratio of 1.03 (up from 1.03). A current ratio of 1.03 means current assets exceed current liabilities. Its dividend yield was 0.55% with a payout ratio of 18.4%.

Mastercard Incorporated Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	34.25	37.54	35.73	33.67	40.64	55.51
Forward P/E	31.04	33.59	31.20	30.18	36.62	47.70
P/S Ratio	15.63	17.16	15.94	15.04	18.70	23.26
P/B Ratio	66.18	74.18	57.16	52.43	47.63	54.60
Price/FCF	29.88	33.78	34.45	31.09	38.98	51.68
Price/OCF	29.05	32.70	33.39	29.86	37.31	49.26
PEG Ratio	2.14	2.37	1.81	1.45	1.47	2.55
Enterprise Value Ratios
EV/Revenue	15.89	17.41	16.24	15.31	19.04	23.39
EV/EBITDA	25.36	28.26	26.56	25.34	32.71	40.94
EV/EBIT	26.85	29.80	28.02	26.84	35.02	43.85
EV/FCF	30.36	34.27	35.12	31.67	39.71	51.98
Profitability & Returns
Return on Equity (ROE)	209.92%	190.56%	167.41%	144.03%	124.73%	102.51%
Return on Assets (ROA)	23.72%	22.72%	22.40%	20.76%	18.01%	16.24%
Return on Invested Capital (ROIC)	93.57%	89.58%	85.18%	76.83%	73.23%	28.89%
Return on Capital Employed (ROCE)	61.80%	57.00%	55.60%	51.70%	41.90%	37.50%
Leverage & Solvency Ratios
Debt/Equity	2.56	2.91	2.35	2.32	1.98	2.08
Debt/EBITDA	0.97	1.09	1.07	1.10	1.33	1.55
Debt/FCF	1.16	1.33	1.42	1.38	1.62	1.96
Liquidity Ratios
Current Ratio	1.03	1.03	1.17	1.17	1.29	1.61
Quick Ratio	0.68	0.65	0.81	0.76	0.83	1.12
Efficiency Ratios
Asset Turnover	0.64	0.62	0.62	0.58	0.53	0.49
Yield & Distribution Ratios
Earnings Yield	2.92%	2.66%	2.80%	2.97%	2.46%	1.80%
FCF Yield	3.35%	2.96%	2.90%	3.22%	2.57%	1.94%
Dividend Yield	0.55%	0.52%	0.55%	0.58%	0.50%	0.47%
Payout Ratio	18.41%	19.02%	19.28%	19.16%	20.04%	25.04%
Buyback Yield	2.27%	2.01%	2.58%	2.12%	1.39%	1.57%
Total Return	2.81%	2.53%	3.13%	2.70%	1.89%	2.04%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Mastercard Incorporated Financial Ratios

What is Mastercard Incorporated's P/E ratio?

Mastercard Incorporated's P/E ratio was 34.25 for fiscal 2025 (period ended Dec 31, 2025). It was 37.54 a year earlier.

What is Mastercard Incorporated's return on equity?

Mastercard Incorporated's return on equity (ROE) was 209.9% for fiscal 2025 (period ended Dec 31, 2025). It was 190.6% a year earlier.

What is Mastercard Incorporated's debt-to-equity ratio?

Mastercard Incorporated's debt-to-equity ratio was 2.56 for fiscal 2025 (period ended Dec 31, 2025). It was 2.91 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition