Stocks · Financial Services

Mastercard Incorporated (MA)

$610.82

−0.44% last session

Market value

$537.4bn

P/E ratio

33.3

Dividend yield

0.55%

52-week range

$465–$633

What Mastercard Incorporated does

Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations.

Financial Services · based in the US · listed since 2006Biggest source of revenue: Payment network (59%) · breakdownCompany website ↗

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tap a grade for the details

AGrowthGrowing fast

Sales growth, last 12 months16.0% · 85/100

Sales growth a year, 5 years16.5% · 86/100

Earnings per share growth a year, 5 years21.0% · 95/100

AProfitabilityHighly profitable

Net profit margin46.3% · 100/100

Return on equity232% · 100/100

Return on capital, 10-year average90.9% · 100/100

AFinancial strengthRock solid

Net debt ÷ operating profit0.4× · 88/100

Interest cover26× · 100/100

Current ratio (short-term assets ÷ debts)1.06 · 63/100

BValuationReasonably priced

P/E against its own 10-year history18th percentile · 82/100

Free cash flow yield2.9% · 51/100

PEG (P/E ÷ growth)1.6 · 62/100

Our base-case value vs price621% · 100/100

BMomentumRising

Share price, last 12 months8.7% · 62/100

Share price, last 3 months15.6% · 89/100

Price

+6.7% over 1Y

27 Oct 2026$610.76

Daily closing prices. Source: Twelve Data.

Bull vs bear

The numbers lean bullish (17 vs 0)

The bull case

Very high returns on capital●●●

Averages 91% after tax, a sign of a durable advantage (a 'moat').

Cheap against its own history●●●

P/E 33.6 vs a 10-year median of 36.1.

A proven grower●●○

Revenue up 12.0% a year for 11 years.

Profit per share compounding●●○

Earnings per share up 16.4% a year.

Shareholder-friendly management●●○

Passes 7 of 7 capital-allocation checks.

Our cash-flow model sees value●●○

Base case 621% above today's price.

The bear case

No strong bear points in the numbers.

Can you answer every bear point? Put your answers in your thesis under risks.

See the full picture on Mastercard Incorporated

Ten years of results, revenue by product and region, a management scorecard, bear/base/bull valuations, analyst targets, every SEC filing explained, and a thesis that checks itself after each report. Free.

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Mastercard Incorporated (MA)

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See the full picture on Mastercard Incorporated

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Bull vs bear

Bull vs bear

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