Mastercard (MA) Return on Capital Employed (2009 - 2026)

Mastercard (MA) reported Return on Capital Employed of 64.72% for Q1 2026, up 1175.0% on a YoY basis from 5.08% in Q1 2025, and up 6.04% quarter-over-quarter from 61.03% in Q4 2025.

Mastercard (MA) Return on Capital Employed (2009 - 2026) Analysis & Trends

Mastercard has reported Return on Capital Employed for 18 years, with the latest figure at 64.72% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 1175.0% year-over-year to 64.72%; the trailing twelve-month figure through Mar 2026 stood at 64.72% (up 1175.0% YoY), and the FY2025 full-year result was 66.64%, up 681.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 64.72%, up from 61.03% in the prior quarter.
  • The five-year high for Return on Capital Employed was 64.72% in Q1 2026, with the low at 42.51% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 53.98% across 5 years, with a median of 54.62% in 2024.
  • Annual changes were most pronounced in 2025 — Return on Capital Employed slumped 354 bps — and 2026, when it jumped 1175 bps.
  • Mastercard's Return on Capital Employed stood at 51.11% in 2022, then increased by 11 bps to 56.49% in 2023, then fell by 3 bps to 54.79% in 2024, then advanced by 11 bps to 61.03% in 2025, then climbed by 6 bps to 64.72% in 2026.
  • The last three Return on Capital Employed figures came in at 64.72% (Q1 2026), 61.03% (Q4 2025), and 56.6% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Visa 548.22 Bn 535.81 Bn - 39.33%
2 Mastercard 437.48 Bn 427.27 Bn - 64.72%
3 American Express 231.87 Bn 177.83 Bn 17.43 Bn -
4 Capital One Financial 125.74 Bn 49.24 Bn - -
5 PayPal Holdings 38.80 Bn 29.46 Bn 7.84 Bn 18.41%
6 Synchrony Financial 25.78 Bn 5.22 Bn - -
7 Affirm Holdings 24.65 Bn 22.93 Bn 261.64 Mn -
8 SoFi Technologies 22.89 Bn 19.49 Bn 929.25 Mn -
9 Ally Financial 14.15 Bn 13.70 Bn 1.98 Bn -
10 Credit Acceptance 6.63 Bn 6.61 Bn 562.70 Mn -

Historic Data

Download Data
DateValue
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%