MA

Mastercard Inc

TechnologyCIK 0001141391

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Market Cap
$449.47B
P/E (TTM)
28.9x
Rev Growth (TTM)
+16.8%
Net Margin (TTM)
45.9%
FCF Yield (TTM)
4.0%
FCF Margin (TTM)
52.4%

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LATEST EARNINGS

Q1 2026
2 months ago
View source
Revenue
$8.40
+15.1%
Net Income
$3.90B
+18.2%
EPS
N/A
Operating
58.4% +1.2%
  • Net revenue increased 16% year-over-year to $8.4 billion, or 12% on a currency-neutral basis.
  • Adjusted diluted EPS grew 23% year-over-year to $4.60.
  • Value-added services and solutions net revenue increased 22% (18% currency-neutral).
  • Gross dollar volume increased 7% and cross-border volume increased 13% on a local currency basis.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$17.8B
Q1 '26
$2.8B-42%
Q4 '25
$4.9B-11%
FCF Margin
TTM52.4%
Q1 '2633.9%-39%
Sector: 8.6%Top 10%
OCF Margin53.8%
OCF/NI1.17x
CapEx Coverage37.7x
FCF Yield4.0%
FCF Growth (2Y)+18%
Cash Conversion Cycle
47 days
DSO: 47+DIO: DPO:

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM3.6%
Div Yield0.6%
+
Buyback (TTM)2.9%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)0.6%
FCF Payout Ratio16.0%
Free Cash Flow (TTM)$17.8B
Stock Repurchases (TTM)$13.2B
Capital Return / FCF90.3%
Est. Dividends Paid (TTM)$2.8B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
59.6%
Stable
+0.0% YoY+5.4%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
46.6%
8Q: 46.5%
Asset Turnover
0.65x
8Q: 0.65x
Leverage (1+D/E)
3.82x
D/E: 2.82x
DuPont: 115.4%59.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
14.94x
8Q:14.16x
+187.6%
Invested Cap Turn
1.75x
8Q:1.69x
+13.6%
CapEx Intensity
2.5%
8Q:2.7%
CapEx/Depreciation
0.41x
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
28.9x
Volatile
8Q: 134.2x-1662%
Valuation Lenses
Earnings
28.9x
vs sector
Cash Flow
25.8x
EV/FCF vs
Growth-Adj
1.4xPEG
Fair for growth
Quality-Adj
0.5P/E per %ROIC
ROIC: 59.6%
Shareholder Returns
Dividend
0.6%
Buyback
2.9%
Total Yield
3.6%
Market Cap$449.47B
EV$459.01B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
96/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
2.1%
8Q:
Return on Invested Capital (ROIC)Top 25%
59.6%
8Q:
+5.4%
vs Sector:0.0%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 46.6%
Asset Turnover: 0.65x

Earnings Quality

Cash Conversion

1.17x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover1.75x

Working Capital

Cash Conversion Cycle47 days

Growth Quality & Momentum

Quality Growth
Growth Quality Score
76/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
16.8%
OpInc Growth YoY
18.3%
EPS Growth YoY
21.2%
FCF 3Y CAGR
17.6%

Growth Quality Analysis

Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
57.9%
Top 25% in sector
Net
45.9%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+6.5 pts
FCF: 52.4% | Net: 45.9%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $11.05B
Interest Coverage
Leverage Metrics
Debt-to-Equity
2.82x
Balance sheet risk & solvency analysis