Mastercard Incorporated (MA) Stock Price & Analysis

Mastercard Incorporated (MA) closed at USD 633.21 on Thursday, October 22, 2026, up 1.70% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 622.62; the Oct 22, 2026 session ranged USD 623.88–633.29 on volume of 4,037,141 shares. Market capitalization is $554.70B, with a 52-week range of USD 464.52–633.29 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.

Also available as compact Markdown for AI agents: nexqual.com/MA.md

Key facts (MA)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MA)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$29.8B$22.2B$25.1B$28.2B$32.8B$35.1B
Operating income$10.1B$12.3B$14.0B$15.6B$18.9B$20.5B
Net income$8.69B$9.93B$11.2B$12.9B$15.0B$16.3B
EPS (diluted)$8.76$10.22$11.83$13.89$16.52—
Free cash flow$9.06B$10.8B$11.6B$14.3B$17.2B$16.7B
Operating margin33.8%55.2%55.8%55.3%57.6%58.3%
Net margin29.1%44.7%44.6%45.7%45.6%46.3%
Revenue growth+26.4%-25.5%+12.9%+12.2%+16.4%—
Cash + short-term investments$7.42B$7.01B$8.59B$8.44B$10.6B—
Total debt$13.9B$14.0B$15.7B$18.2B$19.0B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (MA)

P/E 34.1x · P/S 15.8x · EV/EBITDA 26.2x · EV/Sales 16.2x · P/FCF 33.2x · P/B 98.9x · FCF yield 3.01% · Earnings yield 2.93% · Dividend yield (paid, TTM) 0.53% · Buyback yield (TTM) 2.85% · Net debt $13.4B · EV $568B

P/E at fiscal year-ends: Dec 2025 34.6x, Dec 2024 37.9x, Dec 2023 36.0x.

Superinvestors (SEC 13F-HR, Q2 2026) (MA)

22 of 80 tracked investors hold MA (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChangeQuarter
Chuck AkreAkre Capital Management20.01%$1.02BReduced -12.8%Q2 2026
Valley Forge CapitalValley Forge Capital Management17.57%$547MReduced -28.3%Q2 2026
Guy SpierAquamarine Capital14.26%$20.5MUnchangedQ2 2026
AltaRock Partners9.26%$393MAdded +46.2%Q2 2026
Thomas RussoGardner Russo & Quinn8.76%$782MReduced -2.1%Q2 2026
Triple Frond Partners8.04%$90.1MUnchangedQ2 2026
Vulcan Value Partners7.86%$258MAdded +31.3%Q2 2026
Bill AckmanPershing Square5.61%$1.09BNew positionQ2 2026
Wallace WeitzWeitz Investment Management5.17%$74.7MReduced -1.1%Q2 2026
Polen CapitalPolen Capital Management5.05%$587MReduced -25.9%Q2 2026
Terry SmithFundsmith4.69%$639MNew positionQ2 2026
Jensen Investment Management4.33%$179MReduced -29.2%Q2 2026
AKO Capital2.27%$97.6MAdded +22.1%Q2 2026
John ArmitageEgerton Capital1.95%$192MReduced -4.3%Q3 2026
Thomas GaynerMarkel Group0.81%$107MUnchangedQ2 2026
Francois RochonGiverny Capital0.50%$14.8MAdded +2.7%Q2 2026
Van Den Berg Management I0.17%$798KReduced -2.2%Q2 2026
Yacktman Asset Management0.07%$6.0MUnchangedQ2 2026
Bill NygrenOakmark Funds0.07%$51.9MReduced -14.9%Q2 2026
Christopher BloomstranSemper Augustus0.04%$338KUnchangedQ2 2026
Glenn GreenbergBrave Warrior Advisors0.01%$602KAdded +177.7%Q2 2026
Mairs & PowerMairs & Power Funds<0.01%$203KReduced -24.0%Q2 2026

Insider sales (SEC Form 4, open-market, last ~7 months) (MA)

15 of 15 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-16Ling HaiChief Financial Officer4,317$2.7M10.8%YesRoutine (sold in Aug each year 2023–2025; this trade is outside those months)
2026-10-09…2026-10-12Genachowski JuliusDirector741$435K6.9%YesToo little history (no open-market trades in 2023 or 2024)
2026-09-02Sachin J. MehraChief Business Officer3,266$1.9M8.2%YesRoutine (sold in Aug each year 2023–2025; this trade is outside those months)
2026-08-31Kirkpatrick Linda PistecchiaChief Services Officer923$548K3.1%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-19…2026-08-20Sachin J. MehraChief Business Officer8,444$4.9M17.5%YesRoutine (sold in Aug each year 2023–2025)
2026-08-17Kirkpatrick Linda PistecchiaChief Services Officer1,191$673K3.8%YesToo little history (no open-market trades in 2023 or 2024)
2026-08-05Sachin J. MehraChief Business Officer3,000$1.7M6.8%YesRoutine (sold in Aug each year 2023–2025)
2026-08-05Miebach MichaelPresident & CEO15,372$8.8M14.1%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-08-04Kirkpatrick Linda PistecchiaChief Services Officer4,280$2.4M12.1%YesToo little history (no open-market trades in 2023 or 2024)
2026-07-31…2026-08-03Miebach MichaelPresident & CEO33,256$19.1M23.4%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-07-15McLaughlin Edward GrundePresident & CTO, MA Tech19,800$10.6M33.8%YesOpportunistic (traded every year 2023–2025, no repeating month)
2026-07-14…2026-07-15Arkell Sandra AController344$186K11%YesToo little history (no open-market trades in 2023)
2026-07-06…2026-07-07Arkell Sandra AController400$216K11.4%YesToo little history (no open-market trades in 2023)
2026-07-01…2026-07-02Seshadri RajChief Commercial Pmts Officer6,805$3.6M29.3%YesRoutine (sold in Jun each year 2023–2025; this trade is outside those months)
2026-07-01McLaughlin Edward GrundePresident & CTO, MA Tech14,260$7.5M26.9%YesOpportunistic (traded every year 2023–2025, no repeating month)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (MA)

Consensus Buy (mean 1.93 on a 1–5 scale), 40 analysts; mean target USD 674.93 (low 550, high 765).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-09BairdTarget raisedOutperform$660 → $710
2026-08-31RBC CapitalTarget raisedOutperform$642 → $696
2026-08-25Wolfe ResearchTarget raisedOutperform$680 → $740
2026-08-05Truist SecuritiesTarget raisedBuy$554 → $633
2026-08-03Cantor FitzgeraldTarget raisedOverweight$650 → $695
2026-07-31UBSTarget raisedBuy$640 → $670
2026-07-31MacquarieTarget raisedOutperform$665 → $670
2026-07-31RBC CapitalTarget raisedOutperform$629 → $642
2026-07-31Morgan StanleyTarget raisedOverweight$679 → $681
2026-07-31TD CowenTarget raisedBuy$664 → $667
2026-07-31BarclaysTarget raisedOverweight$640 → $660
2026-07-31KeybancTarget raisedOverweight$670 → $680

Total return (dividends reinvested) (MA)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+11.1%+81.9%
S&P 500 (SPY)+14.9%+80.3%
Per year+11.1%+12.7%
Volatility (annualized)22.6%22.4%
Max drawdown-18.5% (Jan 2026→Jun 2026)-25.4% (Jan 2022→Sep 2022)

MA revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Payment network$5.45B58.8%+10.2%
Value-added services and solutions$3.83B41.2%+20.0%
Total revenue$9.28B100%—

MA revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Asia Pacific, Europe, Middle East and Africa$5.28B56.9%+11.7%
Americas 1$4.00B43.1%+17.4%
Total revenue$9.28B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

MA suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CompetitorVisa (V)“We compete worldwide with payments networks such as Visa, American Express, JCB, China UnionPay and Discover, among others.”

Quoted from the company's 10-K filed Feb 11, 2026.

Companies that name MA in their SEC reports

Relationship to MACompanyFilingSentence
supplierBILL Holdings, Inc. (BILL)10-K Aug 20, 2026“We are contractually obligated to comply with consumer protection laws and regulations applicable to our product offerings and customer base, as well as with Visa, Mastercard, and American Express rules, as a card program manager for our card product offerings.”
competitorWise Group plc (WSE)20-F Jun 25, 2026“We also compete with payment networks, such as Visa and Mastercard, and legacy foreign exchange businesses.”
partnerPicS N.V. (PICS)20-F Apr 30, 2026“and processed under the Strategic Alliance and Incentive Program Agreement entered into with Mastercard Brazil.”
partnerTURKCELL ILETISIM HIZMETLERI A S (TKC)20-F Apr 17, 2026“To bolster its card issuance capabilities, Paycell has established long-term strategic partnerships with Visa, Mastercard, and TROY (by the Interbank Card Center).”
supplierBanco BBVA Argentina S.A. (BBAR)20-F Apr 9, 2026“This means that customers can register their Visa and/or Mastercard cards with Apple Pay or Google Pay directly from Glomo.”
partnerNu Holdings Ltd. (NU)20-F Apr 8, 2026“Our alliances with Arcus, by Mastercard, which began on March 12, 2024, represent significant”
supplierNavan, Inc. (NAVN)10-K Apr 2, 2026“This ultimately underpinned the launch of Navan Connect, which allows customers and travelers to port any enrolled corporate Mastercard® or Visa® card into our Expense Management offering, including those issued by other corporate card providers such as Brex.”
partnerALPHA MODUS HOLDINGS, INC. (AMOD)10-K Mar 31, 2026“- In 2026, Alpha Modus announced a collaboration with Mastercard to support elements of its financial services infrastructure through”
partnerGemini Space Station, Inc. (GEMI)10-K Mar 31, 2026“And in 2022, we launched the Gemini Credit Card® in partnership with Mastercard to offer instantaneous crypto rewards with no annual or exchange fees—one of the only credit cards of its kind.”
partnerXBP Global Holdings, Inc. (XBPEW)10-K Mar 31, 2026“This product was developed in cooperation with a key partner, Mastercard, and was approved in 2020 by Pay.UK, the operator and standards body for the U.K.'s interbank retail payment systems.”
partnerT Stamp Inc (IDAI)10-K Mar 31, 2026“•The global market for Microfinance is estimated at $250.4 billion in the year 2024, and is projected to reach $506 billion by 2030 according to the 2025 report titled "Microfinance - Global Market Trajectory & Analytics" published by Global Industry Analysts, Inc. To accelerate our work in this market, the Company joined the Mastercard Lighthouse MASSIV program in Spring 2025 designed to empower sustainability an…”
partnerDILLARD'S, INC. (DDS)10-K Mar 27, 2026“Under the Citibank Alliance, Citi establishes, owns and manages Dillard's private label credit cards, including a new co-branded Mastercard Incorporated card ("Mastercard," collectively, the "private label cards").”
partnerFinwise Bancorp (FINW)10-K Mar 23, 2026“As a result of this partnership, FinWise issued two Mastercard co-branded credit cards and purchased an existing credit card portfolio.”
supplierUsio, Inc. (USIO)10-K Mar 18, 2026“If we are unable to find a replacement financial institution to provide sponsorship or become a member of the association, we may no longer be able to provide prepaid processing services to our Mastercard customers, which would negatively impact our revenues and earnings.”
supplierJoint Stock Co Kaspi.kz (KSPI)20-F Mar 16, 2026“When using third-party payments platforms or networks (e.g., Visa/Mastercard), the Group is an agent for the payment processing services to retail customers (debit card holders) and, therefore, revenue is recognized on a net basis, as the Group is not primarily responsible for fulfilling the payment processing on third parties' payments platforms/networks and has no discretion in establishing the selling price of …”

MA analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$5.17$5.11+1.2%$9.65B31
Next quarter (ends Dec 2026)$5.18$5.21-0.6%$9.97B30
Current fiscal year (ends Dec 2026)$19.95$19.66+1.5%$37.28B38
Next fiscal year (ends Dec 2027)$23.07$22.79+1.2%$41.98B39

MA options: expected move

Options price a move of about ±4.1% (±$25.90) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±2% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026734.4%±4.1%
Nov 6, 20261430.8%±5.0%
Nov 13, 20262127.0%±5.3%
Nov 20, 20262825.4%±5.7%
Nov 27, 20263523.8%±6.0%
Dec 4, 20264223.3%±6.4%
Dec 18, 20265623.0%±7.3%
Jan 15, 20278422.6%±8.7%

30-day implied volatility 24.7% vs 17.2% realized over the last 30 trading days. Put/call ratio (volume) 0.68. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:21 UTC)

PriceUSD 633.21
Change▲ 1.70% (up)
Previous CloseUSD 622.62
OpenUSD 624.44
Day RangeUSD 623.88 – 633.29
52-Week RangeUSD 464.52 – 633.29
Volume4,037,141 shares
Market Cap$554.70B
ExchangeNYQ

Technical Analysis (MA)

Nexqual's technical model rates MA "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.

Overall SignalBUY
RSI (14)78.65 (overbought)
vs SMA50Above (USD 580.52)
MACD15.35 (positive)

Analyst Ratings (MA)

Wall Street analysts rate MA "Buy" based on 40 analysts, with a mean price target of USD 674.93 (range USD 550–765), per Nexqual as of October 23, 2026 at 09:21 UTC.

Consensus RatingBuy
Analyst Count40
Mean TargetUSD 674.93
High TargetUSD 765
Low TargetUSD 550
Buy / Hold / Sell36 / 3 / 1

Earnings (MA)

Next Earnings Date2026-10-29
EPS EstimateUSD 5.17
Revenue Estimate$9.65B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 5.04 vs est 4.78 ▲ beat
2026-03-31USD 4.6 vs est 4.41 ▲ beat
2025-12-31USD 4.76 vs est 4.24 ▲ beat
2025-09-30USD 4.38 vs est 4.31 ▲ beat

Source: Nexqual, October 23, 2026 at 09:21 UTC.

Financials & Fundamentals (MA)

Total Revenue$35.08B
Revenue Growth (latest quarter, YoY)+14.10%
Gross Margin+100.00%
Operating Margin+61.11%
Profit Margin+46.34%
ROE+241.20%
Debt / Equity4.4
Current Ratio1.06
Total Cash$11.61B
Total Debt$24.64B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$16.70B (47.6% of revenue)

Source: Nexqual, October 23, 2026 at 09:21 UTC.

Financial Health Score (MA)

Nexqual rates Mastercard Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:21 UTC.

GrowthStrong — Revenue +16% YoY (annual)
ProfitabilityStrong — Operating margin 61%
Balance SheetCritical — $11.3B cash and investments vs $24.6B debt (Jun 2026, SEC)
Cash FlowStrong — FCF $16.7B (last 4 quarters to Jun 2026, SEC), 48% margin
EfficiencyStrong — ROE 241%, ROA 24.1%

Ownership (MA)

Insider Ownership+0.11%
Institutional Ownership+90.94%
Shares Outstanding869.46M
Float868.34M
Short % of Float+0.73%

Source: Nexqual, October 23, 2026 at 09:21 UTC.

Leadership (MA)

Mastercard Incorporated is led by Michael Miebach, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:21 UTC.

CEO, President & DirectorMichael Miebach
President & CTO of Mastercard TechnologyEdward Grunde McLaughlin
Chief Financial OfficerLing Hai
Executive Vice President of Investor RelationsDevin Corr

Major Backers & Investors (MA)

Notable institutional backers of Mastercard Incorporated include Mastercard Foundation Asset Management Corp, JPMorgan, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:21 UTC.

Active Investors

InvestorStake
Mastercard Foundation Asset Management Corp6.94%
JPMorgan3.25%
FMR, LLC2.74%
Price (T.Rowe) Associates Inc2.13%
Morgan Stanley1.73%
Fidelity1.2%

Index Funds (Passive)

FundStake
Vanguard Group8.19%
BlackRock7.64%
State Street4.25%
Geode Capital2.47%

Source: Nexqual, October 23, 2026 at 09:21 UTC.

From Mastercard Incorporated's Latest SEC 10-K Filing (filed 2026-02-11)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
VVisa Inc.USD 414.34▲ 1.59%
AXPAmerican Express CompanyUSD 325.17▲ 0.48%
COFCapital One Financial CorporatiUSD 203.43▼ 1.56%
PYPLPayPal Holdings, Inc.USD 57.54▲ 0.59%
AFRMAffirm Holdings, Inc.USD 72.4▼ 1.51%
SYFSynchrony FinancialUSD 75.09▲ 1.32%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt