Mastercard (MA) EBITDA Margin (2009 - 2026)
Mastercard's EBITDA Margin was 70.99% in Q2 2026, up 2.44 percentage points from 68.55% a year earlier and up 1.62 percentage points from the prior quarter.
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Analysis
Mastercard (MA) EBITDA Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mastercard's EBITDA Margin was 68.62% through Jun 30, 2026, up 2.89 percentage points year-over-year; for FY2025, it was 67.51%, up 2.51 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +3.90 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 65.00% in FY2024 (-0.46 pp), 65.46% in FY2023 (-0.20 pp), 65.66% in FY2022 (+1.16 pp) and 64.49% in FY2021 (+0.88 pp).
- The Q2 2026 figure marks the highest quarterly EBITDA Margin since Q1 2015.
- Compared with a year earlier, EBITDA Margin has increased for seven straight quarters, with an average year-over-year change of +1.38 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q3 2023 (a gain of 4.44 percentage points); the worst was Q1 2023 (a drop of 4.67 percentage points).
- Per Business Quant data, MA's EBITDA Margin in the three quarters before Q2 2026 was 69.37% (Q1 2026), 65.63% (Q4 2025) and 68.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 62.27% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 70.99% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 15.85% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 23.49% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 10.52% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | -40.67% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 33.19% |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 59.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.99% |
| Mar 31, 2026 | 69.37% |
| Dec 31, 2025 | 65.63% |
| Sep 30, 2025 | 68.40% |
| Jun 30, 2025 | 68.55% |
| Mar 31, 2025 | 67.59% |
| Dec 31, 2024 | 62.37% |
| Sep 30, 2024 | 64.20% |
| Jun 30, 2024 | 67.17% |
| Mar 31, 2024 | 66.65% |
| Dec 31, 2023 | 61.13% |
| Sep 30, 2023 | 68.41% |
| Jun 30, 2023 | 67.83% |
| Mar 31, 2023 | 64.46% |
| Dec 31, 2022 | 64.59% |
| Sep 30, 2022 | 63.97% |
| Jun 30, 2022 | 65.29% |
| Mar 31, 2022 | 69.13% |
| Dec 31, 2021 | 65.03% |
| Sep 30, 2021 | 65.18% |
API Access
Mastercard EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();