Mastercard (MA) EBT Margin (2009 - 2026)
Mastercard's (MA) quarterly EBT Margin came in at 59.14% in Q2 2026, up 169.0% YoY from 21.98% in Q2 2025, and up 3.2% on a QoQ basis from 57.3% in Q1 2026.
Analysis
Mastercard (MA) EBT Margin (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of EBT Margin data on file, last reported at 59.14% in Q2 2026.
- Quarterly EBT Margin rose 169.0% year-over-year to 59.14% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 57.5% (up 307.0% YoY) and the FY2025 annual result came in at 56.66%, up 250.0% from the prior year.
- EBT Margin advanced to 59.14% in Q2 2026, from 57.3% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 59.14% in Q2 2026 to a low of 49.63% in Q1 2023.
- A 5-year average of 54.89% and a median of 55.49% in 2025 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2023 — EBT Margin jumped 818 bps — and 2024, when it slumped 511 bps.
- Tracing MA's EBT Margin over 5 years: 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 increased by 7 bps to 59.14% in 2026.
- The last three EBT Margin figures came in at 59.14% (Q2 2026), 57.3% (Q1 2026), and 55.37% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 58.74% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 59.14% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | 20.73% |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | 24.09% |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 15.09% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | 14.50% |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | 24.62% |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | 16.76% |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | 23.49% |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 11.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.14% |
| 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% |