Mastercard (MA) Debt Ratio (2009 - 2026)
Mastercard's (MA) quarterly Debt Ratio came in at 0.43 in Q2 2026, up 15.81% YoY from 0.37 in Q2 2025, and up 18.16% on a QoQ basis from 0.36 in Q1 2026.
Mastercard (MA) Debt Ratio (2009 - 2026) Analysis & Trends
Mastercard (MA) has 15 years of Debt Ratio data on file, last reported at 0.43 in Q2 2026.
- Quarterly Debt Ratio rose 15.81% year-over-year to 0.43 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.43 (up 15.81% YoY) and the FY2025 annual result came in at 0.35, down 7.45% from the prior year.
- Debt Ratio rose to 0.43 in Q2 2026, from 0.36 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.43 in Q2 2026 to a low of 0.35 in Q4 2025.
- A 5-year average of 0.38 and a median of 0.38 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2025 — Debt Ratio dropped 8.34% — and 2026, when it gained 15.81%.
- Tracing MA's Debt Ratio over 5 years: 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 increased by 21.75% to 0.43 in 2026.
- The last three Debt Ratio figures came in at 0.43 (Q2 2026), 0.36 (Q1 2026), and 0.35 (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 0.25 |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 0.43 |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 0.19 |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 0.05 |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 0.18 |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 0.13 |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 0.18 |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | - |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 0.11 |
Historic Data
Download 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 |