Mastercard (MA) Tax Rate (2009 - 2026)
Mastercard (MA) posted Tax Rate of 20.01% for Q2 2026, down 0.77 percentage points from 20.78% a year earlier but up 0.69 percentage points from the prior quarter.
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Analysis
Mastercard (MA) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Mastercard was 19.41%, up 1.95 percentage points year-over-year; for FY2025, it came in at 19.43%, up 3.83 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of +2.05 percentage points (FY2020 to FY2025).
- In prior years, Mastercard's Tax Rate was 15.60% in FY2024 (-2.32 pp), 17.92% in FY2023 (+2.56 pp), 15.36% in FY2022 (-0.36 pp) and 15.72% in FY2021 (-1.67 pp).
- Quarterly Tax Rate has run from a low of 5.12% in Q1 2022 to a high of 23.19% in Q2 2023 over five years.
- On a year-over-year basis, Tax Rate increased in six of the last eight quarters, with an average year-over-year change of +1.74 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q1 2023, with a gain of 12.12 percentage points; the weakest was Q1 2022, with a drop of 11.41 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was 19.33% (Q1 2026), 16.74% (Q4 2025) and 21.44% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 17.64% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 20.01% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | - |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 19.60% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 34.61% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | - |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 23.61% |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 20.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.01% |
| Mar 31, 2026 | 19.33% |
| Dec 31, 2025 | 16.74% |
| Sep 30, 2025 | 21.44% |
| Jun 30, 2025 | 20.78% |
| Mar 31, 2025 | 18.63% |
| Dec 31, 2024 | 14.11% |
| Sep 30, 2024 | 15.60% |
| Jun 30, 2024 | 17.29% |
| Mar 31, 2024 | 15.37% |
| Dec 31, 2023 | 15.96% |
| Sep 30, 2023 | 14.97% |
| Jun 30, 2023 | 23.19% |
| Mar 31, 2023 | 17.25% |
| Dec 31, 2022 | 18.26% |
| Sep 30, 2022 | 18.65% |
| Jun 30, 2022 | 18.69% |
| Mar 31, 2022 | 5.12% |
| Dec 31, 2021 | 15.73% |
| Sep 30, 2021 | 14.28% |
API Access
Mastercard Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();