Mastercard annual return on equity
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2025
Mastercard Return on Equity (ROE) Growth & History (MA)
Mastercard's return on equity was 210.49% for fiscal 2025.
View full Mastercard company overviewMastercard annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 210.49% | +18.54 pp |
| 2024 | 2024-12-31 | 191.95% | +22.67 pp |
| 2023 | 2023-12-31 | 169.27% | +23.35 pp |
| 2022 | 2022-12-31 | 145.92% | +19.13 pp |
| 2021 | 2021-12-31 | 126.79% | +22.41 pp |
| 2020 | 2020-12-31 | 104.38% | −39.45 pp |
| 2019 | 2019-12-31 | 143.83% | +35.96 pp |
| 2018 | 2018-12-31 | 107.87% | +37.48 pp |
| 2017 | 2017-12-31 | 70.39% | +0.91 pp |
| 2016 | 2016-12-31 | 69.48% | +10.06 pp |
| 2015 | 2015-12-31 | 59.42% | +8.74 pp |
| 2014 | 2014-12-31 | 50.68% | +7.40 pp |
| 2013 | 2013-12-31 | 43.27% | +0.11 pp |
| 2012 | 2012-12-31 | 43.16% | +8.73 pp |
| 2011 | 2011-12-31 | 34.43% | −7.97 pp |
| 2010 | 2010-12-31 | 42.39% | −11.48 pp |
| 2009 | 2009-12-31 | 53.87% | +64.12 pp |
| 2008 | 2008-12-31 | −10.24% | — |
Mastercard quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 71.18% | +20.21 pp |
| Q1 2026 | 2026-03-31 | 53.71% | +3.84 pp |
| Q4 2025 | 2025-12-31 | 51.91% | +3.91 pp |
| Q3 2025 | 2025-09-30 | 49.84% | +5.93 pp |
| Q2 2025 | 2025-06-30 | 50.96% | +6.53 pp |
| Q1 2025 | 2025-03-31 | 49.86% | +7.37 pp |
| Q4 2024 | 2024-12-31 | 48.00% | +5.84 pp |
| Q3 2024 | 2024-09-30 | 43.91% | −10.22 pp |
| Q2 2024 | 2024-06-30 | 44.44% | −8.08 pp |
| Q1 2024 | 2024-03-31 | 42.49% | +1.88 pp |
| Q4 2023 | 2023-12-31 | 42.16% | +2.27 pp |
| Q3 2023 | 2023-09-30 | 54.13% | +14.25 pp |
| Q2 2023 | 2023-06-30 | 52.52% | +18.06 pp |
| Q1 2023 | 2023-03-31 | 40.61% | +3.93 pp |
| Q4 2022 | 2022-12-31 | 39.89% | +5.94 pp |
| Q3 2022 | 2022-09-30 | 39.88% | +3.15 pp |
| Q2 2022 | 2022-06-30 | 34.46% | +2.10 pp |
| Q1 2022 | 2022-03-31 | 36.68% | +7.93 pp |
| Q4 2021 | 2021-12-31 | 33.95% | +4.66 pp |
| Q3 2021 | 2021-09-30 | 36.73% | +12.06 pp |
| Q2 2021 | 2021-06-30 | 32.36% | +8.43 pp |
| Q1 2021 | 2021-03-31 | 28.75% | −1.24 pp |
| Q4 2020 | 2020-12-31 | 29.29% | −9.44 pp |
| Q3 2020 | 2020-09-30 | 24.67% | −17.67 pp |
| Q2 2020 | 2020-06-30 | 23.93% | −16.32 pp |
| Q1 2020 | 2020-03-31 | 29.99% | −5.27 pp |
| Q4 2019 | 2019-12-31 | 38.74% | +22.64 pp |
| Q3 2019 | 2019-09-30 | 42.34% | +7.91 pp |
| Q2 2019 | 2019-06-30 | 40.25% | +11.62 pp |
| Q1 2019 | 2019-03-31 | 35.26% | +8.54 pp |
| Q4 2018 | 2018-12-31 | 16.10% | +12.28 pp |
| Q3 2018 | 2018-09-30 | 34.43% | +11.16 pp |
| Q2 2018 | 2018-06-30 | 28.63% | +8.10 pp |
| Q1 2018 | 2018-03-31 | 26.71% | +7.52 pp |
| Q4 2017 | 2017-12-31 | 3.81% | −11.90 pp |
| Q3 2017 | 2017-09-30 | 23.26% | +3.62 pp |
| Q2 2017 | 2017-06-30 | 20.54% | +3.16 pp |
| Q1 2017 | 2017-03-31 | 19.19% | +2.52 pp |
| Q4 2016 | 2016-12-31 | 15.71% | +1.24 pp |
| Q3 2016 | 2016-09-30 | 19.64% | +4.22 pp |
| Q2 2016 | 2016-06-30 | 17.37% | +2.88 pp |
| Q1 2016 | 2016-03-31 | 16.67% | +1.08 pp |
| Q4 2015 | 2015-12-31 | 14.48% | +2.42 pp |
| Q3 2015 | 2015-09-30 | 15.42% | −0.48 pp |
| Q2 2015 | 2015-06-30 | 14.50% | −0.01 pp |
| Q1 2015 | 2015-03-31 | 15.58% | +3.20 pp |
| Q4 2014 | 2014-12-31 | 12.05% | +3.82 pp |
| Q3 2014 | 2014-09-30 | 15.90% | +3.92 pp |
| Q2 2014 | 2014-06-30 | 14.51% | +2.18 pp |
| Q1 2014 | 2014-03-31 | 12.38% | +1.17 pp |
| Q4 2013 | 2013-12-31 | 8.23% | −0.52 pp |
| Q3 2013 | 2013-09-30 | 11.98% | +0.26 pp |
| Q2 2013 | 2013-06-30 | 12.32% | +1.25 pp |
| Q1 2013 | 2013-03-31 | 11.22% | +0.07 pp |
| Q4 2012 | 2012-12-31 | 8.75% | +8.43 pp |
| Q3 2012 | 2012-09-30 | 11.72% | −0.82 pp |
| Q2 2012 | 2012-06-30 | 11.08% | −0.33 pp |
| Q1 2012 | 2012-03-31 | 11.14% | +0.33 pp |
| Q4 2011 | 2011-12-31 | 0.32% | −7.94 pp |
| Q3 2011 | 2011-09-30 | 12.53% | +0.97 pp |
| Q2 2011 | 2011-06-30 | 11.41% | −0.13 pp |
| Q1 2011 | 2011-03-31 | 10.81% | −1.61 pp |
| Q4 2010 | 2010-12-31 | 8.26% | −0.52 pp |
| Q3 2010 | 2010-09-30 | 11.56% | −3.80 pp |
| Q2 2010 | 2010-06-30 | 11.54% | −3.66 pp |
| Q1 2010 | 2010-03-31 | 12.42% | — |
| Q4 2009 | 2009-12-31 | 8.78% | — |
| Q3 2009 | 2009-09-30 | 15.36% | — |
| Q2 2009 | 2009-06-30 | 15.19% | — |
Mastercard return on equity trends
Over the last five fiscal years, Mastercard's return on equity increased from 104.38% to 210.49%, a change of +106.11 percentage points. The latest reported quarter, Q2 2026, shows 71.18%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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