Mastercard (MA) Tax Rate (2009 - 2026)
Mastercard posted quarterly Tax Rate of 19.33% for Q1 2026, up 70.0% year-on-year from 11.37% in Q1 2025, and up 15.49% on a QoQ basis from 16.74% in Q4 2025.
Mastercard (MA) Tax Rate (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of Tax Rate data on file, last reported at 19.33% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 70.0% year-over-year to 19.33%; the trailing twelve-month figure through Mar 2026 stood at 19.57% (up 314.0% YoY), and the FY2025 full-year result was 19.43%, up 383.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.33%, up from 16.74% in the prior quarter.
- Across five years, Tax Rate topped out at 23.19% in Q2 2023 and bottomed at 5.12% in Q1 2022.
- The 5-year median for Tax Rate is 17.29% (2024), against an average of 17.14%.
- The widest annual swing landed in 2022, when Tax Rate slumped 1141 bps; it then surged 1212 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 18.26% in 2022, then declined by 13 bps to 15.96% in 2023, then slipped by 12 bps to 14.11% in 2024, then grew by 19 bps to 16.74% in 2025, then climbed by 15 bps to 19.33% in 2026.
- The last three Tax Rate figures came in at 19.33% (Q1 2026), 16.74% (Q4 2025), and 21.44% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 539.53 Bn | 527.13 Bn | - | 16.07 |
| 2 | Mastercard | 441.81 Bn | 431.60 Bn | - | 19.33 |
| 3 | American Express | 215.01 Bn | 160.96 Bn | 17.43 Bn | 21.36 |
| 4 | Capital One Financial | 114.99 Bn | 38.50 Bn | - | 19.19 |
| 5 | PayPal Holdings | 41.29 Bn | 31.95 Bn | 7.84 Bn | 20.10 |
| 6 | Affirm Holdings | 24.62 Bn | 22.89 Bn | 261.64 Mn | 4.19 |
| 7 | Synchrony Financial | 24.22 Bn | 3.66 Bn | - | 23.11 |
| 8 | SoFi Technologies | 23.71 Bn | 20.31 Bn | 929.25 Mn | 16.45 |
| 9 | Ally Financial | 13.13 Bn | 12.69 Bn | 1.98 Bn | 20.25 |
| 10 | Credit Acceptance | 6.46 Bn | 6.44 Bn | 562.70 Mn | 22.29 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.33% |
| Mar 31, 2026 | 19.33% |
| Dec 31, 2025 | 16.74% |
| Dec 31, 2025 | 16.74% |
| Sep 30, 2025 | 21.44% |
| Sep 30, 2025 | 21.44% |
| Jun 30, 2025 | 20.78% |
| Jun 30, 2025 | 20.78% |
| Mar 31, 2025 | 18.63% |
| Mar 31, 2025 | 18.63% |
| Dec 31, 2024 | 14.11% |
| Dec 31, 2024 | 14.11% |
| Sep 30, 2024 | 15.60% |
| Sep 30, 2024 | 15.60% |
| Jun 30, 2024 | 17.29% |
| Jun 30, 2024 | 17.29% |
| Mar 31, 2024 | 15.37% |
| Mar 31, 2024 | 15.37% |
| Dec 31, 2023 | 15.96% |
| Dec 31, 2023 | 15.96% |