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 | 541.66 Bn | 529.25 Bn | - | 39.33% |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 64.72% |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | - |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | - |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 18.41% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | - |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | - |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | - |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | - |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | - |
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% |