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
DateValue
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%