Mastercard (MA) Invested Capital (2009 - 2026)
Mastercard (MA) recorded Invested Capital of $30.25 billion in Q2 2026, up 12.7% from $26.84 billion a year earlier and up 17.8% from the prior quarter.
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Analysis
Mastercard (MA) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Mastercard reported Invested Capital of $26.75 billion, up 8.1% from FY2024.
- Annual Invested Capital has increased for three straight years, with a five-year compound annual growth rate of 6.9% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $24.74 billion in FY2024 (+9.2%), $22.66 billion in FY2023 (+11.2%), $20.38 billion in FY2022 (-4.3%) and $21.28 billion in FY2021 (+11.1%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q2 2009.
- On a year-over-year basis, Invested Capital has increased for 13 consecutive quarters, with growth averaging 10.0% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 17.8% in Q3 2024, against a decline of 4.3% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $25.68 billion (Q1 2026), $26.75 billion (Q4 2025) and $26.9 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 59.04 Bn |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 30.25 Bn |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 1.13 Bn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | - |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 283.36 Mn |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 30.58 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 36.31 Bn |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 149.41 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.25 Bn |
| Mar 31, 2026 | 25.68 Bn |
| Dec 31, 2025 | 26.75 Bn |
| Sep 30, 2025 | 26.90 Bn |
| Jun 30, 2025 | 26.84 Bn |
| Mar 31, 2025 | 25.50 Bn |
| Dec 31, 2024 | 24.74 Bn |
| Sep 30, 2024 | 25.83 Bn |
| Jun 30, 2024 | 23.07 Bn |
| Mar 31, 2024 | 22.92 Bn |
| Dec 31, 2023 | 22.66 Bn |
| Sep 30, 2023 | 21.93 Bn |
| Jun 30, 2023 | 21.18 Bn |
| Mar 31, 2023 | 20.95 Bn |
| Dec 31, 2022 | 20.38 Bn |
| Sep 30, 2022 | 20.96 Bn |
| Jun 30, 2022 | 20.72 Bn |
| Mar 31, 2022 | 21.75 Bn |
| Dec 31, 2021 | 21.28 Bn |
| Sep 30, 2021 | 20.63 Bn |
API Access
Mastercard Invested Capital 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=invested-capital&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();