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
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%