Mastercard (MA) Tax Rate (2009 - 2026)

Mastercard (MA) posted Tax Rate of 19.33% for Q1 2026, up 15.49% quarter-over-quarter from 16.74% in Q4 2025, and up 70.0% year-on-year from 11.37% in Q1 2025.

Mastercard (MA) Tax Rate (2009 - 2026) Analysis & Trends

Mastercard (MA) has reported Tax Rate for 18 consecutive years, with 19.33% the latest figure, recorded in Q1 2026.

  • Tax Rate for Q1 2026 came in at 19.33%, up 70.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.57% (up 314.0% YoY), and the FY2025 annual result was 19.43%, up 383.0% from the prior year.
  • Tax Rate was 19.33% for Q1 2026 at Mastercard, up from 16.74% in the prior quarter.
  • Over five years, Tax Rate peaked at 23.19% in Q2 2023 and troughed at 5.12% in Q1 2022.
  • Average Tax Rate over 5 years is 17.14%, with a median of 17.29% recorded in 2024.
  • Year-over-year, Tax Rate slumped 1141 bps in 2022 and jumped 1212 bps in 2023.
  • Over 5 years, Tax Rate stood at 18.26% in 2022, then retreated by 13 bps to 15.96% in 2023, then declined by 12 bps to 14.11% in 2024, then rose by 19 bps to 16.74% in 2025, then increased by 15 bps to 19.33% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 19.33% in Q1 2026, 16.74% in Q4 2025, and 21.44% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 16.07%
2 Mastercard 465.55 Bn 455.34 Bn - 19.33%
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn 21.36%
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 20.10%
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn 4.19%
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn 16.45%
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn 20.25%
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn 22.29%
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -17.46%
10 Sezzle 5.91 Bn 5.79 Bn - 22.26%

Historic Data

Download Data
DateValue
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%