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
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