Mastercard (MA) Return on Assets [ROA] (2009 - 2026)
Mastercard (MA) reported Return on Assets [ROA] of 29.28% for Q3 2026, up 2.06 percentage points from 27.22% a year earlier but down 0.24 percentage points from the prior quarter.
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Analysis
Mastercard (MA) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
Dating back to Q3 2009, Mastercard's Return on Assets [ROA] record includes 69 quarters.
- Return on Assets [ROA] has increased for five consecutive years, with a five-year change of +8.87 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at 28.44% in FY2024 (+0.86 pp), 27.58% in FY2023 (+1.59 pp), 26.00% in FY2022 (+1.61 pp) and 24.38% in FY2021 (+3.97 pp).
- Five-year quarterly Return on Assets [ROA] spans a low of 23.77% in Q4 2021 and a high of 29.52% in Q2 2026.
- Year over year, Return on Assets [ROA] has now increased in each of the last four quarters, with an average year-over-year change of +0.55 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was Q1 2022 (a gain of 6.22 percentage points); the low point was Q2 2025 (a drop of 1.67 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 29.52% (Q2 2026), 29.21% (Q1 2026) and 27.86% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 761.85 Bn | 709.39 Bn | - | 24.88% |
| 2 | Mastercard | 576.33 Bn | 536.42 Bn | - | 29.28% |
| 3 | Wise | 11.36 Bn | 11.36 Bn | - | - |
| 4 | Remitly Global | 4.75 Bn | 2.21 Bn | 319.61 Mn | 22.59% |
| 5 | Western Union | 2.15 Bn | -2.01 Bn | 343.00 Mn | 4.16% |
| 6 | International Money Express | 221.76 Mn | -398.39 Mn | - | 3.67% |
| 7 | Currenc | 116.19 Mn | -135.10 Mn | 3.70 Mn | -18.42% |
| 8 | Sentage Holdings | 4.40 Mn | 324,699.40 | - | - |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 3.96% |
| 10 | Capital One Financial | 123.02 Bn | 123.02 Bn | - | 1.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.28% |
| Jun 30, 2026 | 29.52% |
| Mar 31, 2026 | 29.21% |
| Dec 31, 2025 | 27.86% |
| Sep 30, 2025 | 27.22% |
| Jun 30, 2025 | 27.20% |
| Mar 31, 2025 | 27.22% |
| Dec 31, 2024 | 27.01% |
| Sep 30, 2024 | 27.52% |
| Jun 30, 2024 | 28.86% |
| Mar 31, 2024 | 27.85% |
| Dec 31, 2023 | 27.26% |
| Sep 30, 2023 | 27.78% |
| Jun 30, 2023 | 26.25% |
| Mar 31, 2023 | 24.88% |
| Dec 31, 2022 | 26.02% |
| Sep 30, 2022 | 26.50% |
| Jun 30, 2022 | 26.43% |
| Mar 31, 2022 | 25.36% |
| Dec 31, 2021 | 23.77% |
API Access
Mastercard Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();