Mastercard Incorporated (MA)
NYSE · Financials · analysed October 12, 2026
Mastercard Incorporated is a leading global payment technology company that processes credit, debit, and prepaid card transactions, connecting consumers, financial institutions, merchants, and governments worldwide. Founded in 1966 as the Interbank Card Association, the company operates a multi-currency network facilitating electronic payments across more than 210 countries and territories. Currently, Mastercard is focused on expanding its value-added services, prioritizing AI-driven cybersecurity and fraud prevention, digital identity verification, open banking, and the integration of emerging rails like stablecoins and agentic commerce.
Executive summary
Mastercard maintains an extraordinarily profitable global payment network duopoly, delivering a 45.65% net margin and compounding revenue at double-digit rates through core transactions and high-margin value-added services. The equity has lagged the broader market in 2026 due to lingering overhangs from U.S. interchange litigation and proposed routing legislation, even as underlying earnings persistently exceeded consensus expectations. Proactive acquisitions in stablecoin settlement and launches in agentic commerce position the franchise to capture incremental volume across evolving payment architectures.
Key figures
- Market cap
- $516.2B
- P/E, trailing
- 32.4
- P/E, next 12 months
- 26.8
- Revenue growth, last fiscal year
- 16.4%
- Net margin, last fiscal year
- 45.6%
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