Mastercard (MA) Tax Rate (2009 - 2026)
Mastercard's (MA) quarterly Tax Rate came in at 20.01% in Q2 2026, down 77.0% on a YoY basis from 87.02% in Q2 2025, and up 3.56% quarter-over-quarter from 19.33% in Q1 2026.
Analysis
Mastercard (MA) Tax Rate (2009 - 2026) Analysis & Trends
Mastercard (MA) has reported Tax Rate for 18 consecutive years, with 20.01% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 77.0% year-over-year to 20.01%; the trailing twelve-month figure through Jun 2026 stood at 19.41% (up 195.0% YoY), and the FY2025 full-year result was 19.43%, up 383.0% from the prior year.
- Tax Rate improved to 20.01% in Q2 2026 per MA's latest filing, from 19.33% 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.
- Historically, Tax Rate has averaged 17.3% across 5 years, with a median of 17.77% in 2022.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 1141 bps in 2022, then soared 1212 bps in 2023.
- Over 5 years, Tax Rate stood at 18.26% in 2022, then fell by 13 bps to 15.96% in 2023, then dropped by 12 bps to 14.11% in 2024, then increased by 19 bps to 16.74% in 2025, then gained by 20 bps to 20.01% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 20.01%, 19.33%, and 16.74% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 655.38 Bn | 643.02 Bn | - | 17.64% |
| 2 | Mastercard | 492.20 Bn | 478.71 Bn | - | 20.01% |
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% |