Mastercard (MA) Debt Ratio (2009 - 2026)
Mastercard's Debt Ratio came in at 0.43 for Q2 2026, up 15.8% from 0.37 a year earlier and up 18.2% from the prior quarter.
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Analysis
Mastercard (MA) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Mastercard's Debt Ratio was 0.35, down 7.4% from FY2024.
- Going back by year, Debt Ratio was 0.38 in FY2024 (+2.6%), 0.37 in FY2023 (+2.0%), 0.36 in FY2022 (-1.9%) and 0.37 in FY2021 (-2.2%).
- The Q2 2026 figure represents the highest quarterly Debt Ratio in data going back to Q2 2009.
- Year-over-year, Debt Ratio increased in four of the last eight quarters, with growth averaging 0.1%.
- The fastest year-over-year change in Debt Ratio over five years came in Q2 2026 (growth of 15.8%), and the weakest in Q3 2025 (a decline of 8.3%).
- Business Quant data shows MA's Debt Ratio at 0.36 (Q1 2026), 0.35 (Q4 2025) and 0.36 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 0.25 |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 0.43 |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 0.00 |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | - |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 0.25 |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 0.10 |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 0.01 |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.36 |
| Dec 31, 2025 | 0.35 |
| Sep 30, 2025 | 0.36 |
| Jun 30, 2025 | 0.37 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 0.38 |
| Sep 30, 2024 | 0.39 |
| Jun 30, 2024 | 0.37 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 0.37 |
| Sep 30, 2023 | 0.39 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 0.40 |
| Dec 31, 2022 | 0.36 |
| Sep 30, 2022 | 0.39 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.39 |
| Dec 31, 2021 | 0.37 |
| Sep 30, 2021 | 0.39 |
API Access
Mastercard Debt Ratio 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=debt-ratio&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();