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| 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 |