Mastercard (MA) EBT Margin (2009 - 2026)
Mastercard's EBT Margin was 59.14% in Q2 2026, up 1.69 percentage points from 57.44% a year earlier and up 1.84 percentage points from the prior quarter.
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Analysis
Mastercard (MA) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mastercard's EBT Margin was 57.50% through Jun 30, 2026, up 3.07 percentage points year-over-year; for FY2025, it came in at 56.66%, up 2.50 percentage points from FY2024.
- EBT Margin shows a five-year change of +5.94 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 54.16% in FY2024 (-0.19 pp), 54.34% in FY2023 (+1.58 pp), 52.76% in FY2022 (-1.82 pp) and 54.58% in FY2021 (+3.86 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin since Q2 2019.
- Compared with a year earlier, EBT Margin has increased for five straight quarters, with an average year-over-year change of +1.12 percentage points over the last eight quarters.
- The best year-over-year quarter for EBT Margin over five years was Q2 2023 (a gain of 8.18 percentage points); the worst was Q3 2024 (a drop of 5.11 percentage points).
- Per Business Quant data, MA's EBT Margin in the three quarters before Q2 2026 was 57.30% (Q1 2026), 55.37% (Q4 2025) and 58.11% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 691.47 Bn | 691.47 Bn | - | - |
| 2 | Mastercard | 563.07 Bn | 563.07 Bn | - | - |
| 3 | Wise | 10.86 Bn | 10.86 Bn | - | - |
| 4 | Remitly Global | 5.06 Bn | 2.72 Bn | 307.34 Mn | 13.06% |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn | 9.42% |
| 6 | International Money Express | 273.40 Mn | -346.75 Mn | - | 4.90% |
| 7 | Currenc | 131.25 Mn | -120.04 Mn | 3.70 Mn | -140.05% |
| 8 | Sentage Holdings | 4.77 Mn | 689,111.05 | - | - |
| 9 | American Express | 214.16 Bn | 13.64 Bn | - | 22.58% |
| 10 | Capital One Financial | 126.74 Bn | 126.74 Bn | - | - |
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% |
API Access
Mastercard EBT 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=ebt-margin&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();