Mastercard (MA) Tax Rate (2009 - 2026)

Mastercard posted quarterly Tax Rate of 19.33% for Q1 2026, up 70.0% year-on-year from 11.37% in Q1 2025, and up 15.49% on a QoQ basis from 16.74% in Q4 2025.

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

Mastercard (MA) has 18 years of Tax Rate data on file, last reported at 19.33% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 70.0% year-over-year to 19.33%; the trailing twelve-month figure through Mar 2026 stood at 19.57% (up 314.0% YoY), and the FY2025 full-year result was 19.43%, up 383.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 19.33%, up from 16.74% 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.
  • The 5-year median for Tax Rate is 17.29% (2024), against an average of 17.14%.
  • The widest annual swing landed in 2022, when Tax Rate slumped 1141 bps; it then surged 1212 bps in 2023.
  • A 5-year view of Tax Rate shows it stood at 18.26% in 2022, then declined by 13 bps to 15.96% in 2023, then slipped by 12 bps to 14.11% in 2024, then grew by 19 bps to 16.74% in 2025, then climbed by 15 bps to 19.33% in 2026.
  • The last three Tax Rate figures came in at 19.33% (Q1 2026), 16.74% (Q4 2025), and 21.44% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 16.07
2 Mastercard 441.81 Bn 431.60 Bn - 19.33
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 21.36
4 Capital One Financial 114.99 Bn 38.50 Bn - 19.19
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 20.10
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 4.19
7 Synchrony Financial 24.22 Bn 3.66 Bn - 23.11
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 16.45
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 20.25
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 22.29

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%