Question 1

What is Mastercard's P/E ratio?

Accepted Answer

Mastercard (MA) P/E ratio is 28.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Mastercard?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Mastercard specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Mastercard's P/E ratio high or low?

Accepted Answer

Mastercard's P/E ratio of 28.2× is below its own 5-year average of 36.3× and above the sector median of 12.8×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Mastercard's historical P/E ratio range?

Accepted Answer

In the available daily series, Mastercard (MA) P/E ratio has ranged from a low of 15.8× in 2010 to a high of 266.3× in 2006. The 5-year average is 36.3× and the 5-year median is 36.2×.

Question 7

What was Mastercard's P/E ratio in 2025?

Accepted Answer

Mastercard (MA) P/E ratio at the end of 2025 was 34.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Mastercard's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$512.08B	$14.97B	34.2×	-3.3×	Dec 31, 2025
2024	$482.86B	$12.87B	37.5×	+1.8×	Dec 31, 2024
2023	$399.21B	$11.20B	35.7×	+2.0×	Dec 31, 2023
2022	$333.82B	$9.93B	33.6×	-7.0×	Dec 31, 2022
2021	$352.85B	$8.69B	40.6×	-14.8×	Dec 31, 2021
2020	$355.51B	$6.41B	55.5×	+18.4×	Dec 31, 2020
2019	$300.98B	$8.12B	37.1×	+3.8×	Dec 31, 2019
2018	$194.69B	$5.86B	33.2×	-7.6×	Dec 31, 2018
2017	$159.99B	$3.92B	40.9×	+13.2×	Dec 31, 2017
2016	$112.23B	$4.06B	27.7×	-1.0×	Dec 31, 2016
2015	$109.14B	$3.81B	28.7×	+1.2×	Dec 31, 2015
2014	$99.34B	$3.62B	27.5×	-5.0×	Dec 31, 2014
2013	$101.18B	$3.12B	32.5×	+10.4×	Dec 31, 2013
2012	$60.92B	$2.76B	22.1×	-2.8×	Dec 31, 2012
2011	$47.35B	$1.91B	24.8×	+9.1×	Dec 31, 2011
2010	$29.13B	$1.85B	15.8×	-7.0×	Dec 31, 2010
2009	$33.28B	$1.46B	22.8×	—	Dec 31, 2009
2008	$18.51B	−$253.91M	—	—	Dec 31, 2008
2007	$28.28B	$1.09B	26.0×	-240.3×	Dec 31, 2007
2006	$13.37B	$50.19M	266.3×	+249.1×	Dec 31, 2006
2005	$4.60B	$266.72M	17.2×	-2.1×	Dec 31, 2005
2004	$4.60B	$238.06M	19.3×	—	Dec 31, 2004
2003	$3.70B	−$385.79M	—	—	Dec 31, 2003


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Mastercard (MA)

P/E Ratio daily chart for Mastercard (MA)

Historical P/E Ratio for Mastercard (MA) from 2003 to 2025

About P/E Ratio at Mastercard (MA)

Mastercard P/E Ratio by Year

Mastercard P/E Ratio 2025: 34.2×

Mastercard P/E Ratio 2024: 37.5×

Mastercard P/E Ratio 2023: 35.7×

Mastercard P/E Ratio 2022: 33.6×

Mastercard P/E Ratio 2021: 40.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Mastercard (MA) Key Financials

P/E Ratio daily chart for Mastercard (MA)

Historical P/E Ratio for Mastercard (MA) from 2003 to 2025

About P/E Ratio at Mastercard (MA)

Mastercard P/E Ratio by Year

Mastercard P/E Ratio 2025: 34.2×

Mastercard P/E Ratio 2024: 37.5×

Mastercard P/E Ratio 2023: 35.7×

Mastercard P/E Ratio 2022: 33.6×

Mastercard P/E Ratio 2021: 40.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Mastercard's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Mastercard?

+Is Mastercard's P/E ratio high or low?

+What is Mastercard's historical P/E ratio range?

+What was Mastercard's P/E ratio in 2025?

+Why does Mastercard's P/E ratio change over time?

Mastercard (MA) Key Financials