MA
Mastercard Incorporated
MA's fundamentals are strong: revenue grew 15% and earnings per share grew 22%. At 34x earnings, it's trading below its usual 38x. Analysts expect earnings growth.
MA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MA's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MA.
MA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 29x | $653 | — |
| Cheap | 34x | $646 | -1% |
| Current | 34x | $653 | — |
| Fair | 38x | $725 | +11% |
| Expensive | 46x | $877 | +34% |
Historical ranges are pointers, not guarantees.
MA's PE is in its cheap range at 34x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
MA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for MA, with profitability improving.
MA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $22.24 | +16% |
| Q3 2026 | $19.12 | +22% |
| Q2 2026 | $18.18 | +23% |
| Q1 2026 | $17.28 | +21% |
| Q4 2025 | $16.52 | +19% |
| Q3 2025 | $15.64 | +18% |
| Q2 2025 | $14.83 | +13% |
| Q1 2025 | $14.26 | +13% |
| Q4 2024 | $13.89 | +17% |
MA's earnings per share have climbed steadily: $19.12 over the past year, up 22% from the year before, and higher year over year for 21 quarters in a row.
MA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.8B | +14% |
| Q2 2026 | $9.3B | +14% |
| Q1 2026 | $8.4B | +16% |
| Q4 2025 | $8.8B | +18% |
| Q3 2025 | $8.6B | +17% |
| Q2 2025 | $8.1B | +17% |
| Q1 2025 | $7.3B | +14% |
| Q4 2024 | $7.5B | +14% |
MA's revenue has grown year over year for 23 quarters in a row: $9.8B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 60% | +0.9 points |
| Q2 2026 | 60% | +1.5 points |
| Q1 2026 | 58% | +1.2 points |
| Q4 2025 | 56% | +3.2 points |
| Q3 2025 | 59% | +4.5 points |
| Q2 2025 | 59% | +0.8 points |
| Q1 2025 | 57% | +0.5 points |
| Q4 2024 | 53% | +1.1 points |
MA's operating margin was 60% last quarter, up 0.9 points from the same quarter a year ago, near the top of its range since 2019.
MA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.9B | -11% |
| Q2 2026 | $3.5B | -24% |
| Q1 2026 | $2.8B | +28% |
| Q4 2025 | $4.9B | +3.2% |
| Q3 2025 | $5.5B | +9.1% |
| Q2 2025 | $4.6B | +51% |
| Q1 2025 | $2.2B | +47% |
| Q4 2024 | $4.7B | +17% |
MA's free cash flow was $16.1B over the past year, down 5.4% from the year before. Free cash flow isn't a meaningful measure for financial services companies like MA.
MA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -7M shares |
| 1 year | -3.2% | -29M shares |
| 3 years | -7.1% | -67M shares |
| 5 years | -12% | -114M shares |
| Available history | -14% | -137M shares |
MA has 876M diluted shares, down 3.2% from a year ago, with $15.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3B |
| Q2 2026 | $4.9B |
| Q1 2026 | $4B |
| Q4 2025 | $3.6B |
| Q3 2025 | $3.3B |
| Q2 2025 | $2.3B |
| Q1 2025 | $2.5B |
| Q4 2024 | $3.5B |
MA spent $15.5B buying back its own shares over the past year, up 33% from the year before.
MA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.5x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.6x | Very low |
MA's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like MA.
MA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.0 | Overbought |
| Stochastic | 83.7 | Overbought |
MA's weekly RSI is 73 (overbought) and its Stochastic is 84 (overbought).
MA PE vs Financial Services Sector
| Metric | MA | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 13x | 162% above |
| PE % | 18 | 63 | 45 pts below |
MA is trading at 34x earnings, a 162% premium to the Financial Services sector's median of 13x.
MA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $611.7 | 6.7% above |
| 20 week MA | $581.9 | 12% above |
| 50 week MA | $544.5 | 20% above |
| 100 week MA | $549.6 | 19% above |
| 200 week MA | $489.6 | 33% above |
MA is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
MA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $300.7 | $336.0 | +12% |
| 2021 | $336.0 | $360.6 | +7.3% |
| 2022 | $360.6 | $343.6 | -4.7% |
| 2023 | $343.6 | $426.5 | +24% |
| 2024 | $426.5 | $532.2 | +25% |
| 2025 | $532.2 | $579.6 | +8.9% |
| 2026 YTD | $579.6 | $652.6 | +13% |
MA has finished higher in five of the last six years. It's up 13% so far in 2026.