Mastercard (MA) Tax Rate (2009 - 2026)
Mastercard's (MA) quarterly Tax Rate came in at 20.01% in Q2 2026, down 77.0% YoY from 87.02% in Q2 2025, and up 3.56% on a QoQ basis from 19.33% in Q1 2026.
Mastercard (MA) Tax Rate (2009 - 2026) Analysis & Trends
Mastercard (MA) has 18 years of Tax Rate data on file, last reported at 20.01% in Q2 2026.
- Quarterly Tax Rate fell 77.0% year-over-year to 20.01% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.41% (up 195.0% YoY) and the FY2025 annual result came in at 19.43%, up 383.0% from the prior year.
- Tax Rate grew to 20.01% in Q2 2026, from 19.33% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 23.19% in Q2 2023 to a low of 5.12% in Q1 2022.
- A 5-year average of 17.3% and a median of 17.77% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 1141 bps — and 2023, when it surged 1212 bps.
- Tracing MA's Tax Rate over 5 years: stood at 18.26% in 2022, then dropped by 13 bps to 15.96% in 2023, then decreased by 12 bps to 14.11% in 2024, then climbed by 19 bps to 16.74% in 2025, then increased by 20 bps to 20.01% in 2026.
- The last three Tax Rate figures came in at 20.01% (Q2 2026), 19.33% (Q1 2026), and 16.74% (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 17.64% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 20.01% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 23.61% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 20.90% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 15.73% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 25.38% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 4.17% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 16.45% |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 23.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.01% |
| Jun 30, 2026 | 20.01% |
| Jun 30, 2026 | 20.01% |
| Mar 31, 2026 | 19.33% |
| Mar 31, 2026 | 19.33% |
| Mar 31, 2026 | 19.33% |
| Dec 31, 2025 | 16.74% |
| Dec 31, 2025 | 16.74% |
| Dec 31, 2025 | 16.74% |
| Sep 30, 2025 | 21.44% |
| Sep 30, 2025 | 21.44% |
| Sep 30, 2025 | 21.44% |
| Jun 30, 2025 | 20.78% |
| Jun 30, 2025 | 20.78% |
| Jun 30, 2025 | 20.78% |
| Mar 31, 2025 | 18.63% |
| Mar 31, 2025 | 18.63% |
| Mar 31, 2025 | 18.63% |
| Dec 31, 2024 | 14.11% |
| Dec 31, 2024 | 14.11% |