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Mastercard Valuation Multiples

Discover revenue and EBITDA valuation multiples for Mastercard and similar Card Networks companies like Visa, Synchrony, and Discover Financial.

Mastercard Overview

About Mastercard

Mastercard is the second-largest payment processor in the world, having processed close to over $9 trillion in volume during 2023. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.


Founded

2001

HQ

United States of America
Employees

35.3K+

Website

mastercard.com

Financials

LTM Revenue $28.7B

LTM EBITDA $17.6B

EV

$518B

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Mastercard Financials

Mastercard has a last 12-month revenue of $28.7B and a last 12-month EBITDA of $17.6B.

In the most recent fiscal year, Mastercard achieved revenue of $28.2B and an EBITDA of $16.8B.

Mastercard expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Mastercard P&L

FY 2022 FY 2023 FY 2024 LTM NTM
Revenue $22.2B $25.1B $28.2B $28.7B XXX
Gross Profit $17.0B $19.1B $21.5B XXX XXX
Gross Margin 76% 76% 76% XXX XXX
EBITDA $13.0B $15.0B $16.8B $17.6B XXX
EBITDA Margin 58% 60% 60% 62% XXX
Net Profit $9.9B $11.2B $12.9B XXX XXX
Net Margin 45% 45% 46% XXX XXX
Net Debt $7.0B $7.1B $9.8B XXX XXX

Financial data powered by Morningstar, Inc.

Mastercard Stock Performance

As of February 21, 2025, Mastercard's stock price is $558.

Mastercard has current market cap of $508B, and EV of $518B.

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Mastercard Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$518B $508B XXX XXX XXX XXX $14.79

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Mastercard Valuation Multiples

As of February 21, 2025, Mastercard has market cap of $508B and EV of $518B.

Mastercard's trades at 18.1x LTM EV/Revenue multiple, and 29.4x LTM EBITDA.

Analysts estimate Mastercard's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Mastercard Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $518B XXX XXX XXX
EV/Revenue 18.4x XXX XXX XXX
EV/EBITDA 30.8x XXX XXX XXX
P/E 39.5x XXX XXX XXX
P/E/Growth 2.9x XXX XXX XXX
EV/FCF 38.1x XXX XXX XXX

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Mastercard Valuation Multiples

Mastercard's NTM/LTM revenue growth is 12%

Mastercard's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Mastercard's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Mastercard's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Mastercard Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 12% XXX XXX XXX XXX
EBITDA Margin 60% XXX XXX XXX XXX
EBITDA Growth 12% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 72% XXX XXX XXX XXX
Revenue per Employee $0.8M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 3% XXX XXX XXX XXX
G&A Expenses to Revenue 12% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 18% XXX XXX XXX XXX

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Mastercard Public Comps

See public comps and valuation multiples for Card Networks and Payments Infrastructure comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
SBI Card XXX XXX XXX XXX XXX XXX
American Express XXX XXX XXX XXX XXX XXX
Discover Financial XXX XXX XXX XXX XXX XXX
Synchrony XXX XXX XXX XXX XXX XXX
Visa XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Mastercard M&A and Investment Activity

Mastercard acquired  XXX companies to date.

Last acquisition by Mastercard was  XXXXXXXX, XXXXX XXXXX XXXXXX . Mastercard acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Mastercard

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Mastercard

When was Mastercard founded? Mastercard was founded in 2001.
Where is Mastercard headquartered? Mastercard is headquartered in United States of America.
How many employees does Mastercard have? As of today, Mastercard has 35.3K+ employees.
Who is the CEO of Mastercard? Mastercard's CEO is Mr. Michael Miebach.
Is Mastercard publicy listed? Yes, Mastercard is a public company listed on NYS.
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? Similar companies to Mastercard include e.g. SBI Card, American Express, Discover Financial, Synchrony.
What is the current market cap of Mastercard? Mastercard's current market cap is $508B
What is the current revenue of Mastercard? Mastercard's last 12-month revenue is $28.7B.
What is the current EBITDA of Mastercard? Mastercard's last 12-month EBITDA is $17.6B.
What is the current EV/Revenue multiple of Mastercard? Current revenue multiple of Mastercard is 18.1x.
What is the current EV/EBITDA multiple of Mastercard? Current EBITDA multiple of Mastercard is 29.4x.
What is the current revenue growth of Mastercard? Mastercard revenue growth between 2023 and 2024 was 12%.
Is Mastercard profitable? Yes, Mastercard is EBITDA-positive (as of the last 12 months).

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