Inside the research
Mastercard Incorporated
MA Research profile · latest available data
Price overview
$567.65
▲ +1.57 (+0.3%)
| 52w hi | $599.86 |
|---|---|
| 52w lo | $470.76 |
| Vol | 2.37M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.20
| Short | +0.28 |
|---|---|
| Medium | +0.20 |
| Long | +0.02 |
computed 2026-09-27
Key fundamentals
Mastercard Incorporated
Financial Services · Credit Services
| Market cap | $497.27B |
|---|---|
| Enterprise value | $510.30B |
| Trailing P/E | 31.26x |
| Forward P/E | 24.65x |
| EV / EBITDA | 22.98x |
| P / S (ttm) | 14.17x |
| Profit margin | 46.3% |
| Return on equity | 241.2% |
| Revenue growth | +14.1% |
| Earnings growth | +22.1% |
| Debt / equity | 439.58 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.18 | |
| Sector | +0.02 | |
| Technical | +0.18 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; consumer bill payment services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from an existing account and leverages the credit limit of the funding account; and a platform to optimize supplier payment enablement campaigns for financial institutions. In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers; and partners with central banks, fintechs, and financial institutions, as well as enables various cross-border payment flows. Further, it provides security solutions; marketing, personalization, and issuer and merchant loyalty services; business and operational intelligence, advanced analytics and AI, consulting and agentic solutions, and payments and portfolio optimization; digital and authentication; processing and gateway solutions; and other solutions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
Risk Metrics
| Beta vs SPX | 0.64 |
|---|---|
| Corr SPX | 0.46 |
| Annual vol | 22.1% |
| Annual ret | +9.5% |
| Sharpe | 0.43 |
| Max DD | -21.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $648.61 |
|---|---|
| High / Low | $735.00 / $550.00 |
| Median | $662.50 |
| Analysts | 36 |
| Strong Buy | 7 | |
|---|---|---|
| Buy | 29 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-01 | UBS | → Buy |
| 2026-05-01 | Susquehanna | → Positive |
| 2026-05-01 | RBC Capital | → Outperform |
| 2026-05-01 | Macquarie | → Outperform |
| 2026-04-24 | Truist Securities | → Buy |
| 2026-04-22 | BMO Capital | → Outperform |
Officers & Board
| Director | Harit Talwar since 2022 |
|---|---|
| Director | Candido Bracher since 2021 |
| CEO | Michael Miebach since 2021 |
| Chair | Merit Janow since 2021 |
| Director | Michael Miebach since 2021 |
| Director | Youngme Moon since 2019 |
| Director | Lance Uggla since 2019 |
| Director | Gabrielle Sulzberger since 2018 |
| Director | Richard K. Davis since 2018 |
| Director | Goh Choon Phong since 2018 |
| Director | Ōki Matsumoto since 2016 |
| Director | Julius Genachowski since 2014 |
| Director | Merit Janow since 2014 |
| Director | Rima Qureshi since 2011 |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-06-17 | Shareholder Vote | read |
| 2026-06-08 | Other Material Event, Exhibits | read |
| 2026-06-02 | Officer / Director Change, Exhibits | read |
| 2026-05-07 | Officer / Director Change, Exhibits | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-02-05 | Officer / Director Change | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
| 2025-11-12 | Material Agreement | read |
| 2025-11-10 | Other Material Event, Exhibits | read |
| 2025-10-30 | Earnings Release, Exhibits | read |
| 2025-07-31 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 240 | $136.60K |
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 880 | $501.96K |
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 280 | $160.35K |
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 440 | $252.45K |
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 200 | $115.27K |
| 2026-08-05 | SACHIN J. MEHRA | Chief Business Officer | Sell | 80 | $46.16K |
| 2026-08-05 | Miebach Michael | President & CEO | Sell | 15.37K | $8.84M |
| 2026-08-04 | Kirkpatrick Linda Pistecchia | Chief Services Officer | Option exercise | 4.28K | $742.54K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia | Chief Services Officer | Sell | 40 | $22.60K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia | Chief Services Officer | Sell | 600 | $340.01K |
Flow & Concentration
| Insider 180d net | -$46.15M |
|---|---|
| Insider buys / sells | 0 / 31 |
| Insider bias | Sellers |
| 13F holders | 7 |
| Top-5 share | 98.6% |
| HHI | 3,950 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $18.98B | 36.96M |
| Fidelity / FMR LLC | $12.25B | 23.84M |
| Capital Research / Capital World | $2.41B | 4.70M |
| Citadel Advisors | $1.38B | 2.69M |
| Millennium Management | $707.05M | 1.38M |
| AQR Capital Management | $498.44M | 974.10K |
| T. Rowe Price Group | $9.52M | 18.53M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.44% |
|---|---|
| $ / share (TTM) | $2.50 |
| 5y CAGR | +13.7% |
Annual dividend per share
| 2021 | $1.76 |
|---|---|
| 2022 | $1.96 |
| 2023 | $2.28 |
| 2024 | $2.64 |
| 2025 | $3.04 |
| 2026 | $1.74 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $2.58M | Department of the Treasury | CIPHERTRACE NAME BRAND |
| $2.36M | Department of the Interior | IGF::OT::IGF LAW ENFORCEMENT TOOLS FOR INVESTIGATING ALTERNATIVE CRYPTOCURRENCIE |
| $411.00K | Department of the Treasury | CIPHERTRACE CYBER TOOL SUBSCRIPTION |
| $165.60K | Commodity Futures Trading Commission | EXPERT CONSULTING SERVICES |
| $150.00K | Department of Homeland Security | CIPHERTRACE LICENSE RENEWAL AND TRAINING. |
| $97.93K | Securities and Exchange Commission | CIPHERTRACE LICENSE |
| $43.27K | Securities and Exchange Commission | CIPHERTRACE ANALYSIS SUPPORT |
| $35.00K | Department of Defense | PKA - S. HUNTER - J. BRANDON LA'PIERRE - CIPHERTRACE BPA CALL ORDER 0001 |
SEC Filings
The Long Run
FY 2009–2025 · 14 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $25.10B | +15.0% | |
| Operating income | $18.90B | +17.7% | |
| Net income | $682.00M | -14.4% | |
| Cash from ops | $11.98B | +23.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $567.08 | $568.78 | $562.29 | $567.65 | 2.37M |
| Sep 24 | $561.00 | $568.18 | $559.68 | $566.08 | 2.17M |
| Sep 23 | $555.78 | $565.75 | $554.00 | $559.92 | 2.88M |
| Sep 22 | $571.18 | $571.35 | $553.12 | $555.89 | 3.82M |
| Sep 21 | $567.11 | $569.39 | $562.36 | $567.65 | 2.57M |
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