Mastercard (MA) Debt Ratio (2009 - 2026)
Mastercard (MA) reported Debt Ratio of 0.36 for Q1 2026, down 6.81% on a YoY basis from 0.39 in Q1 2025, and up 3.04% quarter-over-quarter from 0.35 in Q4 2025.
Mastercard (MA) Debt Ratio (2009 - 2026) Analysis & Trends
Mastercard has reported Debt Ratio for 15 years, with the latest figure at 0.36 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio fell 6.81% year-over-year to 0.36; the trailing twelve-month figure through Mar 2026 stood at 0.36 (down 6.81% YoY), and the FY2025 full-year result was 0.35, down 7.45% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.36, up from 0.35 in the prior quarter.
- The five-year high for Debt Ratio was 0.4 in Q2 2023, with the low at 0.35 in Q4 2025.
- Historically, Debt Ratio has averaged 0.38 across 5 years, with a median of 0.38 in 2024.
- The largest YoY upside for Debt Ratio was 5.74% in 2025 against a maximum downside of 8.34% in 2025.
- Mastercard's Debt Ratio stood at 0.36 in 2022, then increased by 2.01% to 0.37 in 2023, then rose by 2.61% to 0.38 in 2024, then fell by 7.45% to 0.35 in 2025, then grew by 3.04% to 0.36 in 2026.
- The last three Debt Ratio figures came in at 0.36 (Q1 2026), 0.35 (Q4 2025), and 0.36 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 0.25 |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 0.36 |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 0.01 |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 0.06 |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 0.12 |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 0.06 |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 0.18 |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | - |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 0.02 |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | 0.60 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 0.40 |