Mastercard (MA) Total Debt (2009 - 2026)
Mastercard's Total Debt came in at $24.64 billion for Q2 2026, up 29.9% from $18.97 billion a year earlier and up 30.0% from the prior quarter.
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Analysis
Mastercard (MA) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Mastercard's Total Debt was $19 billion, up 4.2% from FY2024.
- Total Debt has increased in each of the last 11 years, with a five-year compound annual growth rate of 8.4% (FY2020 to FY2025).
- Going back by year, Total Debt was $18.23 billion in FY2024 (+16.2%), $15.68 billion in FY2023 (+11.8%), $14.02 billion in FY2022 (+0.9%) and $13.9 billion in FY2021 (+9.7%).
- The Q2 2026 figure represents the highest quarterly Total Debt in data going back to Q2 2009.
- Year-over-year, Total Debt has increased for eight consecutive quarters, with growth averaging 14.3% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q2 2026 (growth of 29.9%), and the weakest in Q2 2024 (a decline of 0.1%).
- Business Quant data shows MA's Total Debt at $18.96 billion (Q1 2026), $19 billion (Q4 2025) and $18.98 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 23.86 Bn |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 24.64 Bn |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 3.02 Mn |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | - |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 113.81 Mn |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | 11.93 Mn |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 2.03 Bn |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 35.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.64 Bn |
| Mar 31, 2026 | 18.96 Bn |
| Dec 31, 2025 | 19.00 Bn |
| Sep 30, 2025 | 18.98 Bn |
| Jun 30, 2025 | 18.97 Bn |
| Mar 31, 2025 | 18.80 Bn |
| Dec 31, 2024 | 18.23 Bn |
| Sep 30, 2024 | 18.36 Bn |
| Jun 30, 2024 | 15.61 Bn |
| Mar 31, 2024 | 15.63 Bn |
| Dec 31, 2023 | 15.68 Bn |
| Sep 30, 2023 | 15.57 Bn |
| Jun 30, 2023 | 15.62 Bn |
| Mar 31, 2023 | 15.57 Bn |
| Dec 31, 2022 | 14.02 Bn |
| Sep 30, 2022 | 14.53 Bn |
| Jun 30, 2022 | 14.48 Bn |
| Mar 31, 2022 | 14.65 Bn |
| Dec 31, 2021 | 13.90 Bn |
| Sep 30, 2021 | 13.86 Bn |
API Access
Mastercard Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=MA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "MA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=MA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();