Reading the tape
NYSE: MA
Mastercard Incorporated
Financial Services · Financial - Credit Services
Market Cap
$438.59B
52w High
$601.77
52w Low
$480.50
P/E
28.35
Volume
3.60M
Outstanding Shares
885.22M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -9.36%Revenue (TTM): 16.75%FCF (TTM): 20.78%P/FCF: 3rd pct
What changed
The stock fell 9.36% over the last year. Revenue grew 16.75% over the trailing twelve months. Operating margin moved from 55.48% to 59.4%. Free cash flow grew 20.78% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 59.4%. A decisive move in revenue — currently up 16.75% — would be the clearest signal to resolve the ambiguity.
Company profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally.
CEOMichael Miebach
SectorFinancial Services
IndustryFinancial - Credit Services
Employees35,300
IPO dateMay 25, 2006
Valuation
Forward P/E—
EV/EBITDA25.78
Enterprise value$520.51B
Price / Book56.69
Stock splits
Jan 22, 2014↑ Forward
Every 1 shares became 10
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth15.83%
Gross margin82.96%▲9.33%vs FY2024
Operating margin59.4%▲6.95%vs FY2024
ROE193.46%▼2.55%vs FY2024
Analyst consensus
RatingBuy
Target price$657.38▲32.68%
51
Buy
13
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $4.80 · Revenue est $9.09B
View
Dividends
$3.26/shareQuarterlyDividend Achiever · 18yrSafeMA pays a dividend with a 0.66% dividend yield, 18 consecutive years of growth, growing at 14.18% annually, covered 6.1× by free cash flow.
Dividend Yield
0.66%
Annual Div / Share
$3.26
5yr CAGR
+14.18%
Doubles every ~5.2yr
Payout Ratio
18.23%
Safe
Dividend Growth Rate
3yr CAGR
+15.42%
5yr CAGR
+14.18%
10yr CAGR
+16.63%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.26+14.8%
2025$2.84+15.4%
2024$2.46+16.0%
2023$2.12+14.0%
2022$1.86+10.7%
2021$1.68+15.1%
2020$1.46+25.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$7/yr
$1/mo
In 5 yrs
$12/yr+76%
$1/mo
In 10 yrs
$20/yr+211%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$7/yr $1/mo | $12/yr+76% $1/mo | $20/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.66% → 2.04% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
MA has raised its dividend for 18 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 6.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 14.18% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in MA
STOCK Act disclosures from senators and representatives.
Shelley Moore Capito
WVsenateRepublicanPurchaseSpouse2026-03-28$1,001 - $15,000+15d to disclose
Michael McCaul
TXhouseRepublicanPurchaseSpouse2026-03-17$1,001 - $15,000+24d to discloseMichael McCaul
TXhouseRepublicanPurchaseSpouse2026-03-02$15,001 - $50,000+39d to disclose
Sheldon Whitehouse
RIsenateDemocratSaleSpouse2026-02-23$1,001 - $15,000+11d to disclose
Markwayne Mullin
OKsenatePurchaseJoint2025-12-29$50,001 - $100,000+17d to disclose