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Mastercard Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mastercard and similar public comparables like Visa, American Express, PayPal, Fiserv and more.
Mastercard Overview
About Mastercard
Mastercard is the second-largest payment processor in the world, having processed close to $10 trillion in volume during 2024. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
Founded
2001
HQ
Employees
39.8K
Website
Financials (LTM)
EV
$473B
Mastercard Financials
Mastercard reported last 12-month revenue of $34B and EBITDA of $21B.
In the same LTM period, Mastercard generated $33B in gross profit, $21B in EBITDA, and $16B in net income.
Revenue (LTM)
Mastercard P&L
In the most recent fiscal year, Mastercard reported revenue of $33B and EBITDA of $21B.
Mastercard expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34B | XXX | $33B | XXX | XXX | XXX |
| Gross Profit | $33B | XXX | $26B | XXX | XXX | XXX |
| Gross Margin | 97% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $21B | XXX | $21B | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBIT Margin | 59% | XXX | 60% | XXX | XXX | XXX |
| Net Profit | $16B | XXX | $15B | XXX | XXX | XXX |
| Net Margin | 47% | XXX | 47% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mastercard Stock Performance
Mastercard has current market cap of $465B, and enterprise value of $473B.
Market Cap Evolution
Mastercard's stock price is $521.30.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $473B | $465B | 0.5% | XXX | XXX | XXX | $17.29 |
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Start Free TrialMastercard Valuation Multiples
Mastercard trades at 13.9x EV/Revenue multiple, and 22.1x EV/EBITDA.
EV / Revenue (LTM)
Mastercard Financial Valuation Multiples
As of April 18, 2026, Mastercard has market cap of $465B and EV of $473B.
Equity research analysts estimate Mastercard's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mastercard has a P/E ratio of 29.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $465B | XXX | $465B | XXX | XXX | XXX |
| EV (current) | $473B | XXX | $473B | XXX | XXX | XXX |
| EV/Revenue | 13.9x | XXX | 14.4x | XXX | XXX | XXX |
| EV/EBITDA | 22.1x | XXX | 23.0x | XXX | XXX | XXX |
| EV/EBIT | 23.4x | XXX | 24.2x | XXX | XXX | XXX |
| EV/Gross Profit | 14.4x | XXX | 18.5x | XXX | XXX | XXX |
| P/E | 29.1x | XXX | 30.2x | XXX | XXX | XXX |
| EV/FCF | 26.9x | XXX | 27.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mastercard Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Mastercard Margins & Growth Rates
Mastercard's revenue in the last 12 month grew by 13%.
Mastercard's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.3M for the same period.
Mastercard's rule of 40 is 76% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mastercard's rule of X is 95% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mastercard Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 76% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 95% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 34% | XXX | 35% | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mastercard Public Comps
See public comps and valuation multiples for other Card Networks and Payment Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mastercard | XXX | XXX | XXX | XXX | XXX | XXX |
| Visa | XXX | XXX | XXX | XXX | XXX | XXX |
| American Express | XXX | XXX | XXX | XXX | XXX | XXX |
| PayPal | XXX | XXX | XXX | XXX | XXX | XXX |
| Fiserv | XXX | XXX | XXX | XXX | XXX | XXX |
| Circle | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mastercard M&A Activity
Mastercard acquired XXX companies to date.
Last acquisition by Mastercard was on XXXXXXXX, XXXXX. Mastercard acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mastercard
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMastercard Investment Activity
Mastercard invested in XXX companies to date.
Mastercard made its latest investment on XXXXXXXX, XXXXX. Mastercard invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mastercard
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mastercard
| When was Mastercard founded? | Mastercard was founded in 2001. |
| Where is Mastercard headquartered? | Mastercard is headquartered in United States. |
| How many employees does Mastercard have? | As of today, Mastercard has over 39K employees. |
| Who is the CEO of Mastercard? | Mastercard's CEO is Michael Miebach. |
| Is Mastercard publicly listed? | Yes, Mastercard is a public company listed on NYSE. |
| What is the stock symbol of Mastercard? | Mastercard trades under MA ticker. |
| When did Mastercard go public? | Mastercard went public in 2006. |
| Who are competitors of Mastercard? | Mastercard main competitors are Visa, American Express, PayPal, Fiserv. |
| What is the current market cap of Mastercard? | Mastercard's current market cap is $465B. |
| What is the current revenue of Mastercard? | Mastercard's last 12 months revenue is $34B. |
| What is the current revenue growth of Mastercard? | Mastercard revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Mastercard? | Current revenue multiple of Mastercard is 13.9x. |
| Is Mastercard profitable? | Yes, Mastercard is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mastercard? | Mastercard's last 12 months EBITDA is $21B. |
| What is Mastercard's EBITDA margin? | Mastercard's last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of Mastercard? | Current EBITDA multiple of Mastercard is 22.1x. |
| What is the current FCF of Mastercard? | Mastercard's last 12 months FCF is $18B. |
| What is Mastercard's FCF margin? | Mastercard's last 12 months FCF margin is 52%. |
| What is the current EV/FCF multiple of Mastercard? | Current FCF multiple of Mastercard is 26.9x. |
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