MA
Mastercard Incorporated

Mastercard IncorporatedMA

Financial Services · Credit Services
672.68USD
+3.94%
Nov 05, 2026
MA overview ready
Global Payment Network Enabling Trusted Multi-Rail Digital Commerce
Mastercard operates a global payment network connecting issuers, acquirers, merchants and consumers, and sells adjacent cybersecurity, fraud, identity, data, open-banking and transaction-processing services.
Theme not measured
No economic group is assigned yet.
Advancing price action
Longer-term context reads established trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Unremarkable fundamentals
Primary risk
Regulatory changes impacting payment processing.
Market Nov 4Filing Sep 30Price action Nov 5Research Aug 7

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction7.1BusinessPerformance5.0BusinessQuality9.6Valuation3.0ThemeMomentum—Stable — Revenue is growing at a steady pace (+14% year over year). Diluted EPS is up 22% year over year at $5.28. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads established trend, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$594.6B
Avg Volume (60D)
3.1M
60 sessions
Revenue Growth YoY
+16.4%
FY2025 vs FY2024
Gross Margin
+96.6%
Trailing twelve months
Operating Margin
+58.6%
Trailing twelve months
Free Cash Flow Yield
+2.7%
Next Earnings
2027-01-28
P/E
35.1x
EV / EBITDA
27.0x
EV / Sales
16.8x
Market metrics as of Nov 4, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Stable

Revenue is growing at a steady pace (+14% year over year). Diluted EPS is up 22% year over year at $5.28.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+14%
$9.81B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +16%
  3. +14%
  4. +14%
Earnings growthGrowing
+22%
Diluted EPS $5.28 vs $4.34 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +21%
  3. +22%
  4. +22%
Operating marginStable
59.8%
+0.9 pp YoY

Business Quality

9.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
This company has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 2.7% free-cash-flow yield and 27.0x EBITDA, which require sustained delivery to be justified.

What changed

  • Mastercard Inc — 8-K (items 2.02, 9.01)
    Reported on 8-K, dated 2026-10-29.
    2026-10-29 · source

Company Research

Thesis
Mastercard operates a global payment network connecting issuers, acquirers, merchants and consumers, and sells adjacent cybersecurity, fraud, identity, data, open-banking and transaction-processing services.
Opportunity
Moderate opportunity
Modernization of consumer and business payments through globally interoperable card, account-to-account, real-time, wallet, stablecoin and AI-assisted commerce rails, with trust, authentication, fraud controls and merchant acceptance as essential infrastructure.
Key risk
Regulatory changes impacting payment processing.

Economic classification

Loading the economic classification…

Business & Markets

Financial Services · Credit Services
What they do

Mastercard Incorporated operates a global technology platform that processes payment transactions and provides payment-related products and services to various stakeholders including consumers, merchants, and financial institutions.

How it earns

The company generates revenue primarily through transaction-based fees charged on payment processing and related services.

Products & services
Transaction processing services
Credit and debit payment products
Prepaid program services
Consumer bill payment services
Customers & end markets
Account holders (consumers)
Merchants
Financial institutions
Digital partners
Businesses
Governments
Market position

Mastercard is a global leader in payment processing and credit services, competing with a small number of large-scale peers.

Demand drivers
Low cyclicality

Demand for payment processing is relatively stable and less sensitive to economic cycles due to ongoing consumer and business payment needs.