Mastercard (MA) Debt to Equity (2009 - 2026)
Mastercard (MA) posted Debt to Equity of $2.82 for Q1 2026, up 14.99% quarter-over-quarter from $2.45 in Q4 2025, and little changed year-on-year from $2.81 in Q1 2025.
Mastercard (MA) Debt to Equity (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported Debt to Equity for 15 consecutive years, with $2.82 the latest figure, recorded in Q1 2026.
- Debt to Equity for Q1 2026 came in at $2.82, changed 0.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.82 (changed 0.45% YoY), and the FY2025 annual result was $2.45, down 12.32% from the prior year.
- Debt to Equity was $2.82 for Q1 2026 at Mastercard, up from $2.45 in the prior quarter.
- Over five years, Debt to Equity peaked at $2.89 in Q1 2023 and troughed at $2.06 in Q1 2022.
- Average Debt to Equity over 5 years is $2.45, with a median of $2.41 recorded in 2025.
- Year-over-year, Debt to Equity soared 40.16% in 2023 and decreased 25.79% in 2024.
- Over 5 years, Debt to Equity stood at $2.21 in 2022, then grew by 1.9% to $2.25 in 2023, then advanced by 24.44% to $2.8 in 2024, then dropped by 12.32% to $2.45 in 2025, then climbed by 14.99% to $2.82 in 2026.
- Per Business Quant data, the three most recent Debt to Equity figures were $2.82 in Q1 2026, $2.45 in Q4 2025, and $2.4 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 0.67 |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 2.82 |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 0.05 |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 0.47 |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 0.64 |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | - |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 0.26 |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 3.39 |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 5.33 |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 0.73 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |