Mastercard (MA) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.5% | -4.0% | -3.4% | +0.7% | -1.8% | -0.8% | — | — | — | — | — | — |
| 2025 | +5.6% | +3.8% | -4.9% | +0.1% | +6.8% | -4.0% | +0.9% | +5.1% | -4.4% | -2.8% | -0.3% | +3.7% |
| 2024 | +5.5% | +5.7% | +1.4% | -6.2% | -0.9% | -1.3% | +5.3% | +4.2% | +2.2% | +1.3% | +6.7% | -1.2% |
| 2023 | +6.8% | -4.1% | +2.3% | +4.7% | -3.9% | +7.7% | +0.4% | +4.7% | -4.1% | -4.8% | +10.0% | +3.1% |
| 2022 | +7.7% | -6.6% | -1.0% | +1.8% | -1.5% | -11.8% | +12.3% | -8.3% | -12.3% | +15.6% | +8.6% | -2.4% |
| 2021 | -11.3% | +11.9% | +0.6% | +7.4% | -5.6% | +1.3% | +5.8% | -10.3% | +0.4% | -3.4% | -6.1% | +14.1% |
| 2020 | +5.9% | -8.1% | -16.8% | +14.0% | +9.4% | -1.7% | +4.5% | +16.1% | -5.6% | -14.5% | +16.6% | +6.1% |
| 2019 | +12.1% | +6.5% | +4.8% | +8.1% | -1.1% | +5.2% | +3.1% | +3.3% | -3.5% | +2.1% | +5.6% | +2.2% |
| 2018 | +11.8% | +4.0% | -0.3% | +1.9% | +6.6% | +3.4% | +0.9% | +8.9% | +3.3% | -11.1% | +1.7% | -6.2% |
| 2017 | +3.2% | +3.9% | +1.8% | +3.6% | +5.6% | -1.2% | +5.4% | +4.3% | +5.9% | +5.5% | +1.1% | +0.6% |
| 2016 | -8.4% | -2.4% | +8.7% | +2.8% | -1.1% | -8.2% | +8.4% | +1.5% | +5.3% | +5.4% | -4.5% | +1.0% |
| 2015 | -4.6% | +9.9% | -4.2% | +4.6% | +2.3% | +1.3% | +4.4% | -5.2% | -2.4% | +10.0% | -1.1% | -0.6% |
| 2014 | -9.3% | +2.7% | -3.9% | -1.4% | +3.9% | -3.9% | +1.1% | +2.2% | -2.5% | +13.5% | +4.2% | -1.3% |
| 2013 | +5.6% | -0.1% | +4.5% | +2.3% | +3.1% | +0.7% | +6.4% | -0.7% | +11.0% | +6.7% | +6.1% | +9.8% |
| 2012 | -4.6% | +18.1% | +0.1% | +7.7% | -10.1% | +5.8% | +1.6% | -3.1% | +6.8% | +2.2% | +6.0% | +0.5% |
| 2011 | +5.6% | +1.7% | +4.6% | +9.7% | +4.1% | +5.0% | +0.7% | +8.7% | -3.8% | +9.5% | +7.9% | -0.5% |
| 2010 | -2.3% | -10.2% | +13.2% | -2.3% | -18.6% | -1.1% | +5.3% | -5.5% | +12.9% | +7.3% | -1.3% | -5.5% |
| 2009 | -4.9% | +16.4% | +6.0% | +9.6% | -3.9% | -5.1% | +16.0% | +4.4% | -0.2% | +8.5% | +10.0% | +6.2% |
| 2008 | -3.8% | -8.2% | +17.4% | +24.9% | +10.9% | -14.0% | -8.0% | -0.6% | -26.9% | -16.5% | -1.7% | -1.7% |
| 2007 | +13.3% | -3.9% | -0.9% | +5.3% | +34.0% | +11.0% | -3.1% | -14.8% | +8.0% | +28.4% | +5.7% | +7.3% |
| 2006 | — | — | — | — | — | +6.9% | -4.4% | +21.9% | +25.8% | +5.5% | +37.4% | -3.2% |
| Avg | +1.4% | +1.8% | +1.5% | +5.0% | +1.9% | -0.2% | +3.3% | +1.8% | +0.8% | +3.4% | +5.6% | +1.6% |
| Median | +4.3% | +2.2% | +1.0% | +4.1% | +0.7% | -0.2% | +3.7% | +2.8% | +0.1% | +5.4% | +5.6% | +0.6% |
| Last 5Y Avg | +4.0% | -1.1% | -1.1% | +0.2% | -0.3% | -1.6% | +5.0% | -0.9% | -3.7% | +1.2% | +3.8% | +3.4% |
| Std Dev (σ) | 7.6% | 8.1% | 7.1% | 6.6% | 10.2% | 6.5% | 5.4% | 8.6% | 10.5% | 10.5% | 9.3% | 5.1% |
| Consistency (μ/σ) | 0.19 | 0.23 | 0.21 | 0.75 | 0.19 | -0.03 | 0.62 | 0.21 | 0.08 | 0.32 | 0.61 | 0.31 |
| Win Rate (%) | 55% | 55% | 60% | 85% | 50% | 50% | 85% | 60% | 50% | 70% | 70% | 55% |
| Winning / Losing Months | ▲11▼9 | ▲11▼9 | ▲12▼8 | ▲17▼3 | ▲10▼10 | ▲10▼10 | ▲17▼3 | ▲12▼8 | ▲10▼10 | ▲14▼6 | ▲14▼6 | ▲11▼9 |
| Longest Win / Loss Streak | ▲4▼3 | ▲3▼2 | ▲6▼2 | ▲9▼1 | ▲3▼4 | ▲3▼3 | ▲17▼3 | ▲5▼2 | ▲3▼2 | ▲9▼2 | ▲4▼2 | ▲3▼2 |
| Best | +13.3%in January 2007 | +18.1%in February 2012 | +17.4%in March 2008 | +24.9%in April 2008 | +34.0%in May 2007 | +11.0%in June 2007 | +16.0%in July 2009 | +21.9%in August 2006 | +25.8%in September 2006 | +28.4%in October 2007 | +37.4%in November 2006 | +14.1%in December 2021 |
| Worst | -11.3%in January 2021 | -10.2%in February 2010 | -16.8%in March 2020 | -6.2%in April 2024 | -18.6%in May 2010 | -14.0%in June 2008 | -8.0%in July 2008 | -14.8%in August 2007 | -26.9%in September 2008 | -16.5%in October 2008 | -6.1%in November 2021 | -6.2%in December 2018 |
−26.9%+37.4%
2026
Jan-5.5%
Feb-4.0%
Mar-3.4%
Apr+0.7%
May-1.8%
Jun-0.8%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+5.6%
Feb+3.8%
Mar-4.9%
Apr+0.1%
May+6.8%
Jun-4.0%
Jul+0.9%
Aug+5.1%
Sep-4.4%
Oct-2.8%
Nov-0.3%
Dec+3.7%
2024
Jan+5.5%
Feb+5.7%
Mar+1.4%
Apr-6.2%
May-0.9%
Jun-1.3%
Jul+5.3%
Aug+4.2%
Sep+2.2%
Oct+1.3%
Nov+6.7%
Dec-1.2%
2023
Jan+6.8%
Feb-4.1%
Mar+2.3%
Apr+4.7%
May-3.9%
Jun+7.7%
Jul+0.4%
Aug+4.7%
Sep-4.1%
Oct-4.8%
Nov+10.0%
Dec+3.1%
2022
Jan+7.7%
Feb-6.6%
Mar-1.0%
Apr+1.8%
May-1.5%
Jun-11.8%
Jul+12.3%
Aug-8.3%
Sep-12.3%
Oct+15.6%
Nov+8.6%
Dec-2.4%
2021
Jan-11.3%
Feb+11.9%
Mar+0.6%
Apr+7.4%
May-5.6%
Jun+1.3%
Jul+5.8%
Aug-10.3%
Sep+0.4%
Oct-3.4%
Nov-6.1%
Dec+14.1%
2020
Jan+5.9%
Feb-8.1%
Mar-16.8%
Apr+14.0%
May+9.4%
Jun-1.7%
Jul+4.5%
Aug+16.1%
Sep-5.6%
Oct-14.5%
Nov+16.6%
Dec+6.1%
2019
Jan+12.1%
Feb+6.5%
Mar+4.8%
Apr+8.1%
May-1.1%
Jun+5.2%
Jul+3.1%
Aug+3.3%
Sep-3.5%
Oct+2.1%
Nov+5.6%
Dec+2.2%
2018
Jan+11.8%
Feb+4.0%
Mar-0.3%
Apr+1.9%
May+6.6%
Jun+3.4%
Jul+0.9%
Aug+8.9%
Sep+3.3%
Oct-11.1%
Nov+1.7%
Dec-6.2%
2017
Jan+3.2%
Feb+3.9%
Mar+1.8%
Apr+3.6%
May+5.6%
Jun-1.2%
Jul+5.4%
Aug+4.3%
Sep+5.9%
Oct+5.5%
Nov+1.1%
Dec+0.6%
2016
Jan-8.4%
Feb-2.4%
Mar+8.7%
Apr+2.8%
May-1.1%
Jun-8.2%
Jul+8.4%
Aug+1.5%
Sep+5.3%
Oct+5.4%
Nov-4.5%
Dec+1.0%
2015
Jan-4.6%
Feb+9.9%
Mar-4.2%
Apr+4.6%
May+2.3%
Jun+1.3%
Jul+4.4%
Aug-5.2%
Sep-2.4%
Oct+10.0%
Nov-1.1%
Dec-0.6%
2014
Jan-9.3%
Feb+2.7%
Mar-3.9%
Apr-1.4%
May+3.9%
Jun-3.9%
Jul+1.1%
Aug+2.2%
Sep-2.5%
Oct+13.5%
Nov+4.2%
Dec-1.3%
2013
Jan+5.6%
Feb-0.1%
Mar+4.5%
Apr+2.3%
May+3.1%
Jun+0.7%
Jul+6.4%
Aug-0.7%
Sep+11.0%
Oct+6.7%
Nov+6.1%
Dec+9.8%
2012
Jan-4.6%
Feb+18.1%
Mar+0.1%
Apr+7.7%
May-10.1%
Jun+5.8%
Jul+1.6%
Aug-3.1%
Sep+6.8%
Oct+2.2%
Nov+6.0%
Dec+0.5%
2011
Jan+5.6%
Feb+1.7%
Mar+4.6%
Apr+9.7%
May+4.1%
Jun+5.0%
Jul+0.7%
Aug+8.7%
Sep-3.8%
Oct+9.5%
Nov+7.9%
Dec-0.5%
2010
Jan-2.3%
Feb-10.2%
Mar+13.2%
Apr-2.3%
May-18.6%
Jun-1.1%
Jul+5.3%
Aug-5.5%
Sep+12.9%
Oct+7.3%
Nov-1.3%
Dec-5.5%
2009
Jan-4.9%
Feb+16.4%
Mar+6.0%
Apr+9.6%
May-3.9%
Jun-5.1%
Jul+16.0%
Aug+4.4%
Sep-0.2%
Oct+8.5%
Nov+10.0%
Dec+6.2%
2008
Jan-3.8%
Feb-8.2%
Mar+17.4%
Apr+24.9%
May+10.9%
Jun-14.0%
Jul-8.0%
Aug-0.6%
Sep-26.9%
Oct-16.5%
Nov-1.7%
Dec-1.7%
2007
Jan+13.3%
Feb-3.9%
Mar-0.9%
Apr+5.3%
May+34.0%
Jun+11.0%
Jul-3.1%
Aug-14.8%
Sep+8.0%
Oct+28.4%
Nov+5.7%
Dec+7.3%
2006
Jan—
Feb—
Mar—
Apr—
May—
Jun+6.9%
Jul-4.4%
Aug+21.9%
Sep+25.8%
Oct+5.5%
Nov+37.4%
Dec-3.2%
Avg
Jan+1.4%
Feb+1.8%
Mar+1.5%
Apr+5.0%
May+1.9%
Jun-0.2%
Jul+3.3%
Aug+1.8%
Sep+0.8%
Oct+3.4%
Nov+5.6%
Dec+1.6%
Median
Jan+4.3%
Feb+2.2%
Mar+1.0%
Apr+4.1%
May+0.7%
Jun-0.2%
Jul+3.7%
Aug+2.8%
Sep+0.1%
Oct+5.4%
Nov+5.6%
Dec+0.6%
Last 5Y Avg
Jan+4.0%
Feb-1.1%
Mar-1.1%
Apr+0.2%
May-0.3%
Jun-1.6%
Jul+5.0%
Aug-0.9%
Sep-3.7%
Oct+1.2%
Nov+3.8%
Dec+3.4%
Std Dev (σ)
Jan7.6%
Feb8.1%
Mar7.1%
Apr6.6%
May10.2%
Jun6.5%
Jul5.4%
Aug8.6%
Sep10.5%
Oct10.5%
Nov9.3%
Dec5.1%
Consistency (μ/σ)
Jan0.19
Feb0.23
Mar0.21
Apr0.75
May0.19
Jun-0.03
Jul0.62
Aug0.21
Sep0.08
Oct0.32
Nov0.61
Dec0.31
Win Rate (%)
Jan55%
Feb55%
Mar60%
Apr85%
May50%
Jun50%
Jul85%
Aug60%
Sep50%
Oct70%
Nov70%
Dec55%
Winning / Losing Months
Jan▲11▼9
Feb▲11▼9
Mar▲12▼8
Apr▲17▼3
May▲10▼10
Jun▲10▼10
Jul▲17▼3
Aug▲12▼8
Sep▲10▼10
Oct▲14▼6
Nov▲14▼6
Dec▲11▼9
Longest Win / Loss Streak
Jan▲4▼3
Feb▲3▼2
Mar▲6▼2
Apr▲9▼1
May▲3▼4
Jun▲3▼3
Jul▲17▼3
Aug▲5▼2
Sep▲3▼2
Oct▲9▼2
Nov▲4▼2
Dec▲3▼2
Best
Jan+13.3%2007
Feb+18.1%2012
Mar+17.4%2008
Apr+24.9%2008
May+34.0%2007
Jun+11.0%2007
Jul+16.0%2009
Aug+21.9%2006
Sep+25.8%2006
Oct+28.4%2007
Nov+37.4%2006
Dec+14.1%2021
Worst
Jan-11.3%2021
Feb-10.2%2010
Mar-16.8%2020
Apr-6.2%2024
May-18.6%2010
Jun-14.0%2008
Jul-8.0%2008
Aug-14.8%2007
Sep-26.9%2008
Oct-16.5%2008
Nov-6.1%2021
Dec-6.2%2018
−26.9%+37.4%
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