Mastercard (MA) Accumulated Expenses (2009 - 2026)
Mastercard's Accumulated Expenses was $13.03 billion in Q2 2026, up 28.8% from $10.12 billion a year earlier and up 5.7% from the prior quarter.
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Analysis
Mastercard (MA) Accumulated Expenses (2009 - 2026) Analysis & Trends
At the end of FY2025, Accumulated Expenses at Mastercard came in at $13.27 billion, up 27.7% from FY2024.
- Accumulated Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 19.6% (FY2020 to FY2025).
- In earlier years, Accumulated Expenses was $10.39 billion in FY2024 (+22.0%), $8.52 billion in FY2023 (+9.2%), $7.8 billion in FY2022 (+17.4%) and $6.64 billion in FY2021 (+22.3%).
- Quarterly Accumulated Expenses has moved between $5.95 billion (Q1 2022) and $13.27 billion (Q4 2025) over five years.
- Compared with a year earlier, Accumulated Expenses has increased for 22 straight quarters, with growth averaging 25.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Accumulated Expenses ranged from 9.2% (Q4 2023) to 33.1% (Q1 2026).
- Per Business Quant data, MA's Accumulated Expenses in the three quarters before Q2 2026 was $12.33 billion (Q1 2026), $13.27 billion (Q4 2025) and $11.98 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 691.47 Bn | 691.47 Bn | - |
| 2 | Mastercard | 563.07 Bn | 563.07 Bn | - |
| 3 | Wise | 10.86 Bn | 10.86 Bn | - |
| 4 | Remitly Global | 5.06 Bn | 2.72 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn |
| 6 | International Money Express | 273.40 Mn | -346.75 Mn | - |
| 7 | Currenc | 131.25 Mn | -120.04 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.77 Mn | 689,111.05 | - |
| 9 | American Express | 214.16 Bn | 13.64 Bn | - |
| 10 | Capital One Financial | 126.74 Bn | 126.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.95 Bn |
| Jun 30, 2026 | 13.03 Bn |
| Mar 31, 2026 | 12.33 Bn |
| Dec 31, 2025 | 13.27 Bn |
| Sep 30, 2025 | 11.98 Bn |
| Jun 30, 2025 | 10.12 Bn |
| Mar 31, 2025 | 9.26 Bn |
| Dec 31, 2024 | 10.39 Bn |
| Sep 30, 2024 | 9.11 Bn |
| Jun 30, 2024 | 8.01 Bn |
| Mar 31, 2024 | 8.06 Bn |
| Dec 31, 2023 | 8.52 Bn |
| Sep 30, 2023 | 7.78 Bn |
| Jun 30, 2023 | 7.12 Bn |
| Mar 31, 2023 | 7.31 Bn |
| Dec 31, 2022 | 7.80 Bn |
| Sep 30, 2022 | 6.89 Bn |
| Jun 30, 2022 | 6.11 Bn |
| Mar 31, 2022 | 5.95 Bn |
| Dec 31, 2021 | 6.64 Bn |
API Access
Mastercard Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();