Mastercard (MA) EBT Margin (2009 - 2026)
Mastercard (MA) reported EBT Margin of 57.3% for Q1 2026, up 170.0% on a YoY basis from 21.22% in Q1 2025, and up 3.48% quarter-over-quarter from 55.37% in Q4 2025.
Mastercard (MA) EBT Margin (2009 - 2026) Analysis & Trends
Mastercard has reported EBT Margin for 18 years, with the latest figure at 57.3% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 170.0% year-over-year to 57.3%; the trailing twelve-month figure through Mar 2026 stood at 57.04% (up 294.0% YoY), and the FY2025 full-year result was 56.66%, up 250.0% from the prior year.
- EBT Margin for Q1 2026 stood at 57.3%, up from 55.37% in the prior quarter.
- The five-year high for EBT Margin was 59.08% in Q2 2023, with the low at 49.63% in Q1 2023.
- Historically, EBT Margin has averaged 54.64% across 5 years, with a median of 55.37% in 2025.
- Annual changes were most pronounced in 2023 — EBT Margin jumped 818 bps — and 2024, when it slumped 511 bps.
- Mastercard's EBT Margin stood at 53.1% in 2022, then decreased by 4 bps to 50.72% in 2023, then gained by 2 bps to 51.96% in 2024, then increased by 7 bps to 55.37% in 2025, then climbed by 3 bps to 57.3% in 2026.
- The last three EBT Margin figures came in at 57.3% (Q1 2026), 55.37% (Q4 2025), and 58.11% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 548.22 Bn | 535.81 Bn | - | 63.88% |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | 57.30% |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 19.98% |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 17.72% |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 16.68% |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 21.96% |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | 32.10% |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 18.14% |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | 19.03% |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 Bn | 562.70 Mn | 27.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 57.30% |
| Dec 31, 2025 | 55.37% |
| Sep 30, 2025 | 58.11% |
| Jun 30, 2025 | 57.44% |
| Mar 31, 2025 | 55.60% |
| Dec 31, 2024 | 51.96% |
| Sep 30, 2024 | 52.46% |
| Jun 30, 2024 | 56.59% |
| Mar 31, 2024 | 56.05% |
| Dec 31, 2023 | 50.72% |
| Sep 30, 2023 | 57.57% |
| Jun 30, 2023 | 59.08% |
| Mar 31, 2023 | 49.63% |
| Dec 31, 2022 | 53.10% |
| Sep 30, 2022 | 53.37% |
| Jun 30, 2022 | 50.90% |
| Mar 31, 2022 | 53.67% |
| Dec 31, 2021 | 54.12% |
| Sep 30, 2021 | 56.49% |
| Jun 30, 2021 | 54.73% |