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| 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% |