Mastercard (MA) EV to EBITDA (2009 - 2026)
Mastercard's (MA) EV to EBITDA stood at 18.11 in Q2 2026, down 27.5% from 24.97 a year earlier and down 3.3% from the prior quarter.
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Analysis
Mastercard (MA) EV to EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Mastercard's EV to EBITDA came in at 16.91 as of Jun 30, 2026, down 28.4% year-over-year; for FY2025, it came in at 22.40, down 12.5% from FY2024.
- Across earlier years, EV to EBITDA came in at 25.61 in FY2024 (+8.8%), 23.55 in FY2023 (+6.5%), 22.11 in FY2022 (-21.2%) and 28.08 in FY2021 (-20.2%).
- The Q2 2026 figure is the lowest quarterly EV to EBITDA since Q3 2017.
- On a year-over-year basis, EV to EBITDA has declined for four consecutive quarters, with an average decline of 5.4% over the last eight quarters.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 20.6% in Q3 2023, against a decline of 36.9% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 18.73 (Q1 2026), 22.40 (Q4 2025) and 23.67 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.11 |
| Mar 31, 2026 | 18.73 |
| Dec 31, 2025 | 22.40 |
| Sep 30, 2025 | 23.67 |
| Jun 30, 2025 | 24.97 |
| Mar 31, 2025 | 25.68 |
| Dec 31, 2024 | 25.61 |
| Sep 30, 2024 | 24.92 |
| Jun 30, 2024 | 22.92 |
| Mar 31, 2024 | 25.82 |
| Dec 31, 2023 | 23.55 |
| Sep 30, 2023 | 22.37 |
| Jun 30, 2023 | 23.51 |
| Mar 31, 2023 | 22.78 |
| Dec 31, 2022 | 22.11 |
| Sep 30, 2022 | 18.55 |
| Jun 30, 2022 | 21.52 |
| Mar 31, 2022 | 25.94 |
| Dec 31, 2021 | 28.08 |
| Sep 30, 2021 | 29.41 |
API Access
Mastercard EV to EBITDA 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=ev-to-ebitda&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();