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
DateValue
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