Mastercard (MA)
Runs a global payment network alongside security, analytics and account-based payment services.
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Runs a global network that switches domestic and cross-border payments for financial institutions, earning fees tied to payment volume and transactions. Security, analytics, authentication, processing, open finance and account-based payment services add fixed and transaction-based revenue, while card issuance, credit and customer relationships remain with partner banks.
Connects account holders, issuers, acquirers and merchants through a payment network spanning more than 220 countries and territories. Payment Network services authorize, clear and settle domestic and cross-border consumer and commercial transactions. Its globally integrated architecture combines transaction routing with tokenization and fraud scoring, while financial institutions retain cardholder and merchant relationships.
Value-Added Services and Solutions covers security and threat intelligence, digital identity and authentication, data and market insights, processing and gateways, open finance, and real-time account-based payments; newly acquired BVNK adds stablecoin infrastructure. Revenue comes from payment-volume and transaction-based network fees plus fixed or transaction-based service fees. Cross-border activity, payment and data regulation, and issuer-acquirer relationships shape the business. It does not issue cards or extend credit.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $642 | Target: $696 |
| Aug 25, 2026 | Wolfe Research | Reiterate | Rating: —Target: $655 | Target: $740 |
| Aug 5, 2026 | Truist Financial | Target | Target: $554 | Target: $633 |
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $650 | Target: $695 |
| Jul 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $526 | Target: $642 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $11.61B · Total debt $24.64B · Total assets $57.69B · Shareholders' equity $5.61B
- Revenue
- $9.28B
- Operating income
- $5.73B
- Net income
- $4.39B
HistoryDividendAnnual yield
| Institutions | 88.84% | 778.29M shares | |
|---|---|---|---|
| 3,732 holders · as of Jun 30, 2026 | |||
| Insiders | 0.06% | 532.2K shares | |
| 28 holders · as of Sep 3, 2026 | |||
| Other | 11.10% | 97.19M shares | |
| remainder | |||
876.01M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.58% | 66.39M A | as of Jun 30, 2026 |
Mastercard Foundation Asset Management CorpInstitution | 6.89% | 60.35M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.95% | 52.12M A | as of Jun 30, 2026 |
State Street CorpInstitution | 4.22% | 36.96M A | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 3.22% | 28.23M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | J. Mehra Sachin | officer: Chief Business Officer | −3,266 | $584.00 |
| Aug 31, 2026 | Linda Pistecchia Kirkpatrick | officer: Chief Services Officer | −923 | $593.54 |
| Aug 20, 2026 | J. Mehra Sachin | officer: Chief Business Officer | −1,000 | $572.07 |
| Aug 19, 2026 | J. Mehra Sachin | officer: Chief Business Officer | −7,444 | $577.13 |
| Aug 17, 2026 | Linda Pistecchia Kirkpatrick | officer: Chief Services Officer | −1,191 | $565.24 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mastercard | $566.71 | −0.17% | $497.85B | 31.2 | 26.7 | 14.2 | +14.1% |
| Visa | $368.72 | −0.33% | $690.71B | 31.5 | 25.5 | 15.5 | +14.4% |
| American Express | $314.53 | +0.30% | $211.77B | 19.0 | 16.8 | 2.5 | +10.0% |
| Capital One | $205.88 | +0.47% | $125.72B | 12.7 | 9.5 | 1.6 | +26.0% |
| PayPal | $52.85 | +0.43% | $45.01B | 9.9 | 9.5 | 1.3 | +4.8% |
| Block | $78.95 | +1.33% | $46.37B | 139.1 | 17.2 | 1.9 | +9.3% |
| Klarna | $13.72 | +0.26% | $5.16B | — | 104.9 | 1.3 | +26.6% |
| Median | 19.0 | 17.0 | 1.7 | +12.2% |