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
DateValue
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