Mastercard
MA stock analysis · Financials · Transaction & Payment Processing Services
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Reviewed economically equivalent common shares; unlisted/other class priced at the displayed class price (proxy). Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗ · Share-class review ↗Momentum data and stock-split review
The current issuer stock-split history identifies the January 2014 ten-for-one action. Its dividend history, current through the August 2026 payment, lists regular cash distributions in the interval. The matched Class A ISIN and reviewed schedules support multiplier 1. This does not imply that Class B and Class A are interchangeable. Fund values divided by held shares are indicative price-return proxies, not exchange closes or total returns.
Issuer action history 1 ↗ · Issuer action history 2 ↗
Fund valuation at 2025-06-30 ↗ · Fund valuation at 2026-05-31 ↗
Reviewed cash-flow model
Reviewed payment-network exception for this annual period. Mastercard describes a technology network that does not issue cards or extend credit. The general cash-flow and operating-capital proxies can be shown, while settlement balances and restricted funds still require interpretation. This exception does not extend to banks, insurers or the entire payments industry. Business description ↗
DCF value
Equity cash-flow scenario · Reviewed issuer-equivalent shares at 2026-06-30 · -42.2% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
8 industry peers · median 21.0×
How this is calculated ↗Historical multiples
3 annual observations · snapshot P/E 30.1× · -25.0% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
2025-06-30 → 2026-05-31 · Reviewed split basis · fund snapshot
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $372.65 | $406.60 | $443.10 |
| 10.0% | $273.08 | $297.10 | $322.90 |
| 12.0% | $215.44 | $233.77 | $253.43 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 32.8B | 15B | 17.6B | 489M | 54.2B |
| 2024-12-31 | 28.2B | 12.9B | 14.8B | 474M | 48.1B |
| 2023-12-31 | 25.1B | 11.2B | 12B | 371M | 42.4B |
| 2022-12-31 | 22.2B | 9.9B | 11.2B | 442M | 38.7B |
| 2021-12-31 | 29.8B | 8.7B | 9.5B | 407M | 37.7B |
| 2020-12-31 | 23.6B | 6.4B | 7.2B | 339M | 33.6B |
| 2019-12-31 | 25B | 8.1B | 8.2B | 422M | 29.2B |
| 2018-12-31 | 21.8B | 5.9B | 6.2B | 330M | 24.9B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 32.8B | Revenues | 2026-02-11 |
| netIncome | 15B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-11 |
| Parent/common earnings proxy | 14.9B | ProfitLoss − NetIncomeLossAttributableToNoncontrollingInterest Parent-attributable net income derived by removing the explicitly reported noncontrolling-interest income; preferred dividends may not be deducted on this fallback basis. | 2026-02-11 |
| cfo | 17.6B | NetCashProvidedByUsedInOperatingActivities | 2026-02-11 |
| capex | 489M | PaymentsToAcquirePropertyPlantAndEquipment | 2026-02-11 |
| operatingIncome | 18.9B | OperatingIncomeLoss | 2026-02-11 |
| assets | 54.2B | Assets | 2026-02-11 |
| equity | 7.7B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-02-11 |
| Parent book equity proxy | 7.7B | StockholdersEquity | 2026-02-11 |
| debt | 19B | LongTermDebtCurrent + LongTermDebtNoncurrent | 2026-02-11 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 10.6B | CashAndCashEquivalentsAtCarryingValue | 2026-02-11 |
| shares | 906M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-11 |
| dividends | 2.8B | PaymentsOfDividends | 2026-02-11 |
| buybacks | 11.7B | PaymentsForRepurchaseOfCommonStock | 2026-02-11 |
| issuance | 203M | Reviewed manual correction Reviewed fiscal 2025 consolidated cash-flow financing section, page 73: the full cash common-equity inflow line is Cash proceeds from employee stock plans of $203m. Its XBRL tag ProceedsFromStockOptionsExercised is narrower than the visible statement label; accept only for this issuer and period after statement review. Tax withholdings of $291m and treasury-stock repurchases of $11,727m are separately reported outflows and are not netted into issuance. | 2026-02-11 |