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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 42.61% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 68.07% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | - |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | - |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 17.89% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | - |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | - |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | - |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | - |
Historic Data
Download 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 | 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% |