Mastercard (MA) Debt to Equity (2009 - 2026)

Mastercard posted quarterly Debt to Equity of $2.82 for Q1 2026, little changed year-on-year from $2.81 in Q1 2025, and up 14.99% on a QoQ basis from $2.45 in Q4 2025.

Mastercard (MA) Debt to Equity (2009 - 2026) Analysis & Trends

Mastercard (MA) has 15 years of Debt to Equity data on file, last reported at $2.82 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity changed 0.45% year-over-year to $2.82; the trailing twelve-month figure through Mar 2026 stood at $2.82 (changed 0.45% YoY), and the FY2025 full-year result was $2.45, down 12.32% from the prior year.
  • Debt to Equity for Q1 2026 stood at $2.82, up from $2.45 in the prior quarter.
  • Across five years, Debt to Equity topped out at $2.89 in Q1 2023 and bottomed at $2.06 in Q1 2022.
  • The 5-year median for Debt to Equity is $2.41 (2025), against an average of $2.45.
  • The widest annual swing landed in 2023, when Debt to Equity jumped 40.16%; it then fell 25.79% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $2.21 in 2022, then advanced by 1.9% to $2.25 in 2023, then rose by 24.44% to $2.8 in 2024, then decreased by 12.32% to $2.45 in 2025, then gained by 14.99% to $2.82 in 2026.
  • The last three Debt to Equity figures came in at $2.82 (Q1 2026), $2.45 (Q4 2025), and $2.4 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 0.67
2 Mastercard 441.81 Bn 431.60 Bn - 2.82
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 0.05
4 Capital One Financial 114.99 Bn 38.50 Bn - 0.34
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 0.47
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 0.64
7 Synchrony Financial 24.22 Bn 3.66 Bn - 0.46
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn -
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 0.26
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 3.39

Historic Data

Download Data
DateValue
Mar 31, 2026 2.82
Dec 31, 2025 2.45
Sep 30, 2025 2.40
Jun 30, 2025 2.41
Mar 31, 2025 2.81
Dec 31, 2024 2.80
Sep 30, 2024 2.46
Jun 30, 2024 2.09
Mar 31, 2024 2.15
Dec 31, 2023 2.25
Sep 30, 2023 2.45
Jun 30, 2023 2.81
Mar 31, 2023 2.89
Dec 31, 2022 2.21
Sep 30, 2022 2.26
Jun 30, 2022 2.32
Mar 31, 2022 2.06
Dec 31, 2021 1.88
Sep 30, 2021 2.05
Jun 30, 2021 2.13