Mastercard (MA) Return on Capital Employed (2009 - 2026)
Mastercard's (MA) quarterly Return on Capital Employed came in at 68.07% in Q2 2026, up 1352.0% YoY from 4.69% in Q2 2025, and up 5.17% on a QoQ basis from 64.72% in Q1 2026.
Analysis
Mastercard (MA) Return on Capital Employed (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of Return on Capital Employed data on file, last reported at 68.07% in Q2 2026.
- Quarterly Return on Capital Employed rose 1352.0% year-over-year to 68.07% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 68.07% (up 1352.0% YoY) and the FY2025 annual result came in at 66.64%, up 681.0% from the prior year.
- Return on Capital Employed grew to 68.07% in Q2 2026, from 64.72% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 68.07% in Q2 2026 to a low of 42.51% in Q1 2022.
- A 5-year average of 54.76% and a median of 54.71% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed tumbled 9352 bps — and 2026, when it surged 1352 bps.
- Tracing MA's Return on Capital Employed over 5 years: 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 12 bps to 68.07% in 2026.
- The last three Return on Capital Employed figures came in at 68.07% (Q2 2026), 64.72% (Q1 2026), and 61.03% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 42.61% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 68.07% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | - |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 17.89% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | - |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | - |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 10.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 68.07% |
| 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 | 213.86% |
| Dec 31, 2022 | 264.34% |
| Sep 30, 2022 | 50.79% |
| Jun 30, 2022 | 46.77% |
| Mar 31, 2022 | 162.66% |
| Dec 31, 2021 | 221.56% |
| Sep 30, 2021 | 39.46% |