Mastercard (MA) Return on Capital Employed (2009 - 2026)
Mastercard (MA) posted Return on Capital Employed of 64.72% for Q1 2026, up 6.04% quarter-over-quarter from 61.03% in Q4 2025, and up 1175.0% year-on-year from 5.08% in Q1 2025.
Mastercard (MA) Return on Capital Employed (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported Return on Capital Employed for 18 consecutive years, with 64.72% the latest figure, recorded in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 64.72%, up 1175.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 64.72% (up 1175.0% YoY), and the FY2025 annual result was 66.64%, up 681.0% from the prior year.
- Return on Capital Employed was 64.72% for Q1 2026 at Mastercard, up from 61.03% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 64.72% in Q1 2026 and troughed at 42.51% in Q1 2022.
- Average Return on Capital Employed over 5 years is 53.98%, with a median of 54.62% recorded in 2024.
- Year-over-year, Return on Capital Employed plunged 354 bps in 2025 and soared 1175 bps in 2026.
- Over 5 years, Return on Capital Employed stood at 51.11% in 2022, then advanced by 11 bps to 56.49% in 2023, then slipped by 3 bps to 54.79% in 2024, then increased by 11 bps to 61.03% in 2025, then rose by 6 bps to 64.72% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 64.72% in Q1 2026, 61.03% in Q4 2025, and 56.6% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 39.33% |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 64.72% |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | - |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 18.41% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | - |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | - |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | - |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | - |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | - |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 62.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 64.72% |
| Dec 31, 2025 | 61.03% |
| Sep 30, 2025 | 56.60% |
| Jun 30, 2025 | 54.55% |
| Mar 31, 2025 | 52.97% |
| Dec 31, 2024 | 54.79% |
| Sep 30, 2024 | 54.62% |
| Jun 30, 2024 | 55.28% |
| Mar 31, 2024 | 56.50% |
| Dec 31, 2023 | 56.49% |
| Sep 30, 2023 | 55.68% |
| Jun 30, 2023 | 53.78% |
| Mar 31, 2023 | 49.45% |
| Dec 31, 2022 | 51.11% |
| Sep 30, 2022 | 50.79% |
| Jun 30, 2022 | 46.77% |
| Mar 31, 2022 | 42.51% |
| Dec 31, 2021 | 43.13% |
| Sep 30, 2021 | 39.46% |
| Jun 30, 2021 | 36.93% |