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Investment Highlights Market Valuation Price Chart Return vs. Risk About MA Interactive Breakdown Better Bets vs. MA Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Mastercard (MA)

Market Price (10/26/2025): $575.86 | Market Cap: $525.2 Bil
Sector: Financials | Industry: Transaction & Payment Processing Services

Mastercard (MA)

Market Price (10/26/2025): $575.86
Market Cap: $525.2 Bil
Sector: Financials
Industry: Transaction & Payment Processing Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58%		 Trading close to highs
Dist 52W High is -4.1%, Dist 3Y High is -4.1%		 Expensive valuation multiples
P/SPrice/Sales ratio is 18x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x, P/EPrice/Earnings or Price/(Net Income) is 40x
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%, CFO LTM is 15 Bil, FCF LTM is 14 Bil		 Weak multi-year price returns
2Y Excs Rtn is -9.8%		 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.0%
2 Low stock price volatility
Vol 12M is 22%		  
0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 58%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 53%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%, CFO LTM is 15 Bil, FCF LTM is 14 Bil
2 Low stock price volatility
Vol 12M is 22%
3 Trading close to highs
Dist 52W High is -4.1%, Dist 3Y High is -4.1%
4 Weak multi-year price returns
2Y Excs Rtn is -9.8%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 18x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 32x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 34x, P/EPrice/Earnings or Price/(Net Income) is 40x
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.0%

Market Valuation & Key Metrics

MAS&P 500
REVENUE GROWTHGOOD
Rev LTM ($ Bil)29.1
Rev Chg Q14.2%6.4%
Rev Chg LTM13.1%5.3%
Rev Chg 3Y Avg13.5%5.4%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)16.9
CFO LTM ($ Bil)15.5
Net Inc LTM ($ Bil)13.1
Op Mgn LTM58.0%18.7%
CFO/Rev LTM53.3%20.5%
Net Inc Mgn45.2%12.7%
VALUATIONHIGH
P/S18.13.3
P/CFO33.916.1
P/FCF36.720.9
P/E40.024.0
STABILITYVERY GOOD
Debt/Equity0.040.21
Cash/Assets0.160.07

MA Stock

   
   
   
   
   
   
   

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
MA Return20%1%-3%23%24%10%99%
Peers Return30%14%-22%22%37%10%111%
S&P 500 Return16%27%-19%24%23%15%110%

Monthly Win Rates [3]
MA Win Rate58%58%42%67%67%67% 
Peers Win Rate60%58%38%60%67%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
MA Max Drawdown-32%-14%-21%-1%-2%-9% 
Peers Max Drawdown-37%-11%-31%-8%-4%-16% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: V, AXP, COF, PYPL, MA. See MA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventMAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-28.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven40.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven272 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-41.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven69.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven155 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-22.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven28.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven64 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-62.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven168.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven925 days1480 days

Compare to V, AXP, COF, PYPL, MA


In The Past

Mastercard's stock fell -28.6% during the 2022 Inflation Shock from a high on 2/2/2022. A -28.6% loss requires a 40.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Mastercard (MA)

Interactive Breakdown

Mastercard Interactive Breakdown Analysis

Better Bets than Mastercard (MA)

 MABetter Performance than MA
MetricValueIndustry (Transaction & Payment Processi)
Rev Chg LTM13.1%FOUR (23.9%), PAYO (20.4%), EVTC (17.4%)
Rev Chg 3Y Avg13.5%XYZ (13.9%), FOUR (29.0%)
Op Mgn LTM58.0%V (66.5%)
CFO/Rev LTM53.3%V (60.4%)
FCF/Rev LTM49.2%V (56.8%)
Total Yield2.5%V (3.7%), FI (4.9%), PYPL (6.9%), XYZ (6.1%), FIS (2.6%)
 MABetter Performance than MA
MetricValueAll Other Sectors
Rev Chg LTM13.1%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg13.5%NVDA (92.0%), AVGO (24.0%), LLY (23.4%), PLTR (25.7%), GE (15.7%)
Op Mgn LTM58.0%NVDA (58.1%), MO (59.0%), FNV (68.3%), VICI (92.8%), VRSN (67.6%)
CFO/Rev LTM53.3%META (56.4%), APP (53.7%), PLD (60.4%), SPG (66.6%), O (67.9%)
FCF/Rev LTM49.2%PLTR (49.7%), APP (53.7%), ANET (50.0%), PLD (60.4%), SPG (52.1%)
Total Yield2.5%AAPL (2.9%), MSFT (3.2%), GOOGL (4.0%), AMZN (3.0%), META (3.8%)
 Best Bets In Financials Sector
 MADBRG OTF MTG NMIH ENVA ACGL APAM EEFT FAF KMPR
What You Pay           
P/E39.839.813.38.57.610.68.710.510.513.68.9
P/EBIT31.964.99.26.45.68.27.76.16.38.26.5
What You Get           
Rev Chg Q14.2%-102.4%1,228.5%-0.3%7.2%16.3%22.4%4.4%8.9%40.7%7.8%
Rev Chg LTM13.1%-84.8%89.0%3.3%10.0%21.1%23.5%10.0%8.7%20.7%2.6%
Rev Chg 3Y Avg13.5%125.8%221.9%1.2%10.1%23.5%29.8%0.2%9.1%-3.3%-4.7%
FCF/Rev 3Y Avg45.1%101.2%76.2%59.8%58.8%54.7%38.4%29.0%15.9%7.0%2.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Mastercard Earnings Notes  
2How Low Can Mastercard Stock Really Go?Return 
3MA Has Paid Out $63 Bil to Investors in the Past Decade  
4Mastercard vs Royal Gold: Which Is A Better Investment?Counter-Intuitive Comparisons 
5Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From LLY, APH   
6Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From IBKR, HLNE   
7Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From FOUR   
8Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From FOUR Actionable 
9MA Dip Buy Analysis  
10MA YTD Stock Return Of 11% Outperforms PYPL by 27% and Underperforms V by -5.3%Return 
11ARTICLES  
12Mastercard Stock Delivers $63 Bil to Shareholders Over the Last 10 Years October 9th, 2025
13MA Has Paid Out $63 Bil to Investors in the Past Decade August 30th, 2025
14Large Cap Stocks Trading At 52-Week High August 22nd, 2025
15Large Cap Stocks Trading At 52-Week High August 21st, 2025
16Better Bet Than Mastercard Stock: Pay Less To Get More From FOUR August 12th, 2025
Title
0DASHBOARDS
1Mastercard Stock Delivers $63 Bil to Shareholders Over the Last 10 Years
2MA Has Paid Out $63 Bil to Investors in the Past Decade
3Large Cap Stocks Trading At 52-Week High
4Large Cap Stocks Trading At 52-Week High
5Better Bet Than Mastercard Stock: Pay Less To Get More From FOUR
6ARTICLES
7Mastercard Earnings Notes
8How Low Can Mastercard Stock Really Go?
9MA Has Paid Out $63 Bil to Investors in the Past Decade
10Mastercard vs Royal Gold: Which Is A Better Investment?
11Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From LLY, APH 
12Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From IBKR, HLNE 
13Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From FOUR 
14Better Bet Than MA Stock: Pay Less Than Mastercard To Get More From FOUR 
15MA Dip Buy Analysis
16MA YTD Stock Return Of 11% Outperforms PYPL by 27% and Underperforms V by -5.3%

Trade Ideas

Select past ideas related to MA. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-11.9%-11.9%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		8.7%8.7%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		4.3%4.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.3%-1.3%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		14.3%14.3%0.0%
MA_10312022_Monopoly_xInd_xCD_Getting_Cheaper10312022MAMastercardMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		16.1%15.4%-5.8%
MA_4302022_Monopoly_xInd_xCD_Getting_Cheaper04302022MAMastercardMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-9.0%5.2%-21.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-11.9%-11.9%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		8.7%8.7%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		4.3%4.3%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.3%-1.3%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		14.3%14.3%0.0%
MA_10312022_Monopoly_xInd_xCD_Getting_Cheaper10312022MAMastercardMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		16.1%15.4%-5.8%
MA_4302022_Monopoly_xInd_xCD_Getting_Cheaper04302022MAMastercardMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-9.0%5.2%-21.8%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1498.4%344.0%
2PRAXPraxis Precision Medicines253.2%126.1%
3NVTSNavitas Semiconductor116.1%294.1%
4SNDKSanDisk97.4% 
5UAMYUnited States Antimony90.3%578.5%
6GRALGRAIL85.2%400.8%
7BALYBallys82.9%6.8%
8ORKAOruka Therapeutics81.1%40.5%
9INBXInhibrx Biosciences79.9%272.0%
10CIFRCipher Mining77.2%345.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1VGVenture Global-35.7% 
2PMIPicard Medical-35.3%8328.6%
3SOCSable Offshore-33.7%-41.7%
4FWRDForward Air-28.9%-39.0%
5FLYFirefly Aerospace-28.5% 
6ITGRInteger-28.4%-45.0%
7USNAUsana Health Sciences-26.5%-42.0%
8HTZHertz Global-26.3%41.5%
9RCReady Capital-25.1%-50.3%
10ULHUniversal Logistics-24.8%-61.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1VICRVicor57.5%87.2%
2INBXInhibrx Biosciences53.8%272.0%
3CLBCore Laboratories48.7%-2.4%
4BALYBallys46.2%6.8%
5MOFGMidWestOne Financial43.2%39.2%
6NUVBNuvation Bio42.2%82.3%
7CLOVClover Health Investments41.0%21.3%
8CELCCelcuity36.6%442.2%
9WGOWinnebago Industries33.6%-12.7%
10GTXGarrett Motion33.3%91.3%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1PMIPicard Medical-45.4%8328.6%
2ITGRInteger-30.4%-45.0%
3METCRamaco Resources-23.8%244.9%
4WRLDWorld Acceptance-18.6%25.6%
5ASMAvino Silver & Gold Mines-18.2%450.5%
6SESSES AI-17.6%15.5%
7SMPLSimply Good Foods-17.5%-48.0%
8TNGXTango Therapeutics-17.0%142.6%
9OKLOOklo-16.7%540.8%
10LENZLENZ Therapeutics-16.4%10.7%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Mastercard

Financials

MAVAXPCOFPYPLMedian
NameMasterca.Visa American.Capital .PayPal  
Mkt Price573.67347.38357.56225.0169.77347.38
Mkt Cap523.2640.2247.486.267.6247.4
Rev LTM29,06938,89370,42839,71032,29238,893
Op Inc LTM16,87025,864--6,16116,870
FCF LTM14,31522,08318,94418,5115,29218,511
FCF 3Y Avg11,70419,89916,90418,0245,21616,904
CFO LTM15,48823,48521,13919,8166,06619,816
CFO 3Y Avg12,85121,13418,80119,0965,89918,801

Growth & Margins

MAVAXPCOFPYPLMedian
NameMasterca.Visa American.Capital .PayPal  
Rev Chg LTM13.1%11.4%9.1%6.5%4.1%9.1%
Rev Chg 3Y Avg13.5%11.5%11.6%8.1%7.0%11.5%
Rev Chg Q14.2%14.3%10.8%6.4%5.1%10.8%
QoQ Delta Rev Chg LTM3.2%3.4%2.6%1.5%1.3%2.6%
Op Mgn LTM58.0%66.5%--19.1%58.0%
Op Mgn 3Y Avg58.0%66.8%--17.8%58.0%
QoQ Delta Op Mgn LTM0.1%-0.0%--0.3%0.1%
CFO/Rev LTM53.3%60.4%30.0%49.9%18.8%49.9%
CFO/Rev 3Y Avg49.5%60.1%29.2%51.1%19.2%49.5%
FCF/Rev LTM49.2%56.8%26.9%46.6%16.4%46.6%
FCF/Rev 3Y Avg45.1%56.6%26.3%48.3%16.9%45.1%

Valuation

MAVAXPCOFPYPLMedian
NameMasterca.Visa American.Capital .PayPal  
Mkt Cap523.2640.2247.486.267.6247.4
P/S18.016.53.52.22.13.5
P/EBIT31.925.7--10.825.7
P/E39.831.623.517.714.423.5
P/CFO33.827.311.74.411.111.7
Total Yield2.5%3.7%4.3%6.7%6.9%4.3%
Dividend Yield0.0%0.5%0.0%1.1%0.0%0.0%
FCF Yield 3Y Avg2.7%4.1%10.7%32.6%7.8%7.8%
D/E0.00.00.20.50.20.2
Net D/E0.00.00.0-0.10.00.0

Returns

MAVAXPCOFPYPLMedian
NameMasterca.Visa American.Capital .PayPal  
1M Rtn1.3%3.7%5.4%1.1%4.5%3.7%
3M Rtn1.1%-2.5%15.0%6.0%-10.5%1.1%
6M Rtn7.8%4.0%35.7%23.9%6.8%7.8%
12M Rtn13.7%24.2%35.2%41.2%-14.6%24.2%
3Y Rtn82.7%75.2%152.7%134.3%-21.2%82.7%
1M Excs Rtn-1.6%0.9%2.5%-1.7%1.7%0.9%
3M Excs Rtn-5.2%-8.4%9.1%-0.9%-17.1%-5.2%
6M Excs Rtn-15.1%-18.9%12.8%0.9%-16.1%-15.1%
12M Excs Rtn-3.6%6.8%16.6%29.9%-29.8%6.8%
3Y Excs Rtn12.3%7.3%74.0%66.9%-101.2%12.3%

Comparison Analyses

Title
0MA Looks Stronger Than PYPL With 35% Return Potential
1V or MA - With 35% Return Forecast, MA Probably Deserves Your Money
2Mastercard vs. Thermo Fisher Scientific: With Return Forecast Of 46%, Mastercard Is A Better Bet
3Mastercard vs. NVIDIA: With Return Forecast Of 46%-48%, Both Seem Like Good Bets
4Mastercard vs. Cisco: With Return Forecast Of 47%, Mastercard Is A Better Bet
5Mastercard vs. Walmart: With Return Forecast Of 35%, Mastercard Is A Better Bet
6Mastercard vs. PepsiCo: With Return Forecast Of 35%, Mastercard Is A Better Bet
7Mastercard vs. NextEra Energy: With Return Forecast Of 33%, Mastercard Is A Better Bet
8Mastercard vs. Texas Instruments: With Return Forecast Of 33%, Mastercard Is A Better Bet
9Mastercard vs. Advanced Micro Devices: With Return Forecast Of 109%, Advanced Micro Devices Is A Better Bet

Financials

$ Mil | FY: 12/312025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q2
Period End3/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/20226/30/2022
Filing Date5/1/20252/12/202510/31/20247/31/20245/1/20242/13/202410/26/20237/27/20234/27/20232/14/202310/27/20227/28/2022
Key Financials Quarterly            
Total Revenue7,2507,4897,3696,9616,3486,5486,5336,2695,7485,8175,7565,497
Ebitda4,4884,3064,2504,3173,9243,6744,1234,0403,1763,4003,3773,101
Operating Income4,3014,2344,1964,1393,7583,6983,8693,7003,3633,1923,3583,186
Net Income3,2803,3423,2633,2583,0112,7913,1982,8452,3612,5252,4992,275
EPS3.603.643.543.513.232.983.403.012.482.632.592.34
Key Financials TTM            
Total Revenue TTM29,06928,16727,22626,39025,69825,09824,36723,59022,81822,23721,63620,865
Ebitda TTM17,36116,79716,16516,03815,76115,01314,73913,99313,05412,95312,67312,410
Operating Income TTM16,87016,32715,79115,46415,02514,63014,12413,61313,09912,72212,37311,778
Net Income TTM13,14312,87412,32312,25811,84511,19510,92910,2309,6609,9309,7849,699
Growth Rates Quarterly            
Total Revenue Growth14.2%14.4%12.8%11.0%10.4%12.6%13.5%14.0%11.2%11.5%15.5%21.4%
EBITDA Growth14.4%17.2%3.1%6.9%23.6%8.1%22.1%30.3%3.3%9.0%8.4%11.9%
Operating Income Growth14.4%14.5%8.5%11.9%11.7%15.9%15.2%16.1%12.6%12.3%21.5%31.9%
Net Income Growth8.9%19.7%2.0%14.5%27.5%10.5%28.0%25.1%-10.3%6.1%3.5%10.1%
Margins Quarterly            
EBITDA Margin61.9%57.5%57.7%62.0%61.8%56.1%63.1%64.4%55.3%58.4%58.7%56.4%
Operating Income Margin59.3%56.5%56.9%59.5%59.2%56.5%59.2%59.0%58.5%54.9%58.3%58.0%
Net Income Margin45.2%44.6%44.3%46.8%47.4%42.6%49.0%45.4%41.1%43.4%43.4%41.4%
Cash & Debt            
Total Cash7,8948,77211,4017,3587,6579,1807,4926,5146,9687,4088,0456,359
Total Debt18,80218,22618,35815,60515,62915,68115,56615,62015,56814,02314,53414,481
Net Debt / (Cash)10,9089,4546,9578,2477,9726,5018,0749,1068,6006,6156,4898,122
Cash Flows Quarterly            
FCF from Operations2,3804,8345,1363,1381,6724,1303,2332,6981,9193,1003,8562,457
Cash Flows TTM            
FCF from Operations TTM15,48814,78014,07612,17311,73311,98010,95011,57311,33211,19511,2849,971
Returns to Shareholders Quarterly            
Dividends694606611615616534538541545473474477
Share Repurchases2,5493,4702,9342,6391,9921,8321,9062,4162,8782,4141,5512,380
Return on Invested Capital (ROIC) Quarterly            
ROIC128.3%153.9%203.6%166.0%159.6%191.2%163.0%124.8%129.4%157.8%168.4%127.6%
Return on Invested Capital (ROIC) TTM            
ROIC TTM129.2%145.8%190.5%157.7%155.6%184.7%142.6%120.2%124.6%162.8%162.7%125.5%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Payment Solutions25,09822,237   
Payment network  11,943  
Value-added services and solutions  6,941  
Cross-border volume fees   3,5125,606
Domestic assessments   6,6566,781
Other revenues   4,7174,124
Rebates and incentives (contra-revenue)   -8,315-8,097
Transaction processing   8,7318,469
Total25,09822,23718,88415,30116,883


Price Behavior

MA Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.920.770.820.830.780.84
Up Beta1.631.120.880.750.780.91
Down Beta2.100.720.660.880.850.87
Up Capture-5%51%67%73%66%56%
Bmk +ve Days13233574144420
Stock +ve Days10213472139414
Down Capture159%85%107%102%81%91%
Bmk -ve Days8192952107330
Stock -ve Days11213054112337

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity5,811,410
Short Interest: % Change Since 93020254.5%
Average Daily Volume2,650,121
Days-to-Cover Short Interest2.19
Basic Shares Quantity912,000,000
Short % of Basic Shares0.6%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/20251.3%1.8%5.6%
5/1/2025-0.3%3.3%6.8%
1/30/20253.1%3.2%5.0%
10/31/2024-2.7%1.4%3.7%
7/31/20243.6%0.2%5.4%
5/1/2024-2.0%0.4%-2.0%
1/31/20240.9%3.4%6.6%
10/26/2023-5.6%-2.2%6.8%
...
SUMMARY STATS   
# Positive121716
# Negative1278
Median Positive2.3%2.8%6.7%
Median Negative-1.5%-3.1%-5.5%
Max Positive7.2%15.1%15.1%
Max Negative-8.1%-6.8%-10.8%

SEC Filings

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Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024212202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023213202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021211202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

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Industry Resources

External Quote Links


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