Mastercard Inc (MA) - Net Assets
Based on the latest financial reports, Mastercard Inc (MA) has net assets worth $7.75 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.16 Billion) and total liabilities ($46.41 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MA cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.75 Billion |
| % of Total Assets | 14.3% |
| Annual Growth Rate | 13.44% |
| 5-Year Change | 4.51% |
| 10-Year Change | 36.28% |
| Growth Volatility | 33.67 |
Mastercard Inc - Net Assets Trend (1998–2025)
This chart illustrates how Mastercard Inc's net assets have evolved over time, based on quarterly financial data. Also explore Mastercard Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Mastercard Inc (1998–2025)
The table below shows the annual net assets of Mastercard Inc from 1998 to 2025. For live valuation and market cap data, see Mastercard Inc (MA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.75 Billion | +18.89% |
| 2024-12-31 | $6.51 Billion | -6.89% |
| 2023-12-31 | $7.00 Billion | +9.72% |
| 2022-12-31 | $6.38 Billion | -13.96% |
| 2021-12-31 | $7.41 Billion | +13.73% |
| 2020-12-31 | $6.52 Billion | +8.78% |
| 2019-12-31 | $5.99 Billion | +9.15% |
| 2018-12-31 | $5.49 Billion | -1.42% |
| 2017-12-31 | $5.57 Billion | -2.04% |
| 2016-12-31 | $5.68 Billion | -6.24% |
| 2015-12-31 | $6.06 Billion | -11.17% |
| 2014-12-31 | $6.82 Billion | -8.95% |
| 2013-12-31 | $7.50 Billion | +8.17% |
| 2012-12-31 | $6.93 Billion | +17.90% |
| 2011-12-31 | $5.88 Billion | +12.67% |
| 2010-12-31 | $5.22 Billion | +48.52% |
| 2009-12-31 | $3.51 Billion | +81.78% |
| 2008-12-31 | $1.93 Billion | -36.28% |
| 2007-12-31 | $3.03 Billion | +27.98% |
| 2006-12-31 | $2.37 Billion | +101.83% |
| 2005-12-31 | $1.17 Billion | +19.82% |
| 2004-12-31 | $979.57 Million | +39.27% |
| 2003-12-31 | $703.34 Million | -31.32% |
| 2002-12-31 | $1.02 Billion | +68.80% |
| 2001-12-31 | $606.66 Million | +31.20% |
| 2000-12-31 | $462.41 Million | +79.75% |
| 1998-12-31 | $257.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mastercard Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8503500000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $85.03 Billion | 1099.07% |
| Common Stock | $141.20K | 0.00% |
| Other Comprehensive Income | $-981.00 Million | -12.68% |
| Total Equity | $7.74 Billion | 100.00% |
Mastercard Inc Competitors by Market Cap
The table below lists competitors of Mastercard Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Micron Technology Inc
NASDAQ:MU
|
$458.68 Billion |
|
ASML HOLDING NY EO-09
F:ASMF
|
$464.43 Billion |
|
ASML Holding N.V.
AS:ASML
|
$465.78 Billion |
|
SK Hynix Inc
KO:000660
|
$467.91 Billion |
|
Costco Wholesale Corp
NASDAQ:COST
|
$434.25 Billion |
|
Oracle Corporation
NYSE:ORCL
|
$429.39 Billion |
|
SK hynix Inc
F:HY9H
|
$398.13 Billion |
|
Netflix Inc
NASDAQ:NFLX
|
$390.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mastercard Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,485,000,000 to 7,737,000,000, a change of 1,252,000,000 (19.3%).
- Net income of 14,968,000,000 contributed positively to equity growth.
- Dividend payments of 2,756,000,000 reduced retained earnings.
- Share repurchases of 11,727,000,000 reduced equity.
- Other comprehensive income increased equity by 452,000,000.
- Other factors increased equity by 315,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.97 Billion | +193.46% |
| Dividends Paid | $2.76 Billion | -35.62% |
| Share Repurchases | $11.73 Billion | -151.57% |
| Other Comprehensive Income | $452.00 Million | +5.84% |
| Other Changes | $315.00 Million | +4.07% |
| Total Change | $- | 19.31% |
Book Value vs Market Value Analysis
This analysis compares Mastercard Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 57.51x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1369.90x to 57.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.36 | $495.46 | x |
| 2000-12-31 | $0.65 | $495.46 | x |
| 2001-12-31 | $0.85 | $495.46 | x |
| 2002-12-31 | $1.19 | $495.46 | x |
| 2003-12-31 | $0.70 | $495.46 | x |
| 2004-12-31 | $0.97 | $495.46 | x |
| 2005-12-31 | $0.87 | $495.46 | x |
| 2006-12-31 | $1.74 | $495.46 | x |
| 2007-12-31 | $2.23 | $495.46 | x |
| 2008-12-31 | $1.48 | $495.46 | x |
| 2009-12-31 | $2.70 | $495.46 | x |
| 2010-12-31 | $3.98 | $495.46 | x |
| 2011-12-31 | $4.57 | $495.46 | x |
| 2012-12-31 | $5.50 | $495.46 | x |
| 2013-12-31 | $6.16 | $495.46 | x |
| 2014-12-31 | $5.84 | $495.46 | x |
| 2015-12-31 | $5.33 | $495.46 | x |
| 2016-12-31 | $5.16 | $495.46 | x |
| 2017-12-31 | $5.19 | $495.46 | x |
| 2018-12-31 | $5.15 | $495.46 | x |
| 2019-12-31 | $5.86 | $495.46 | x |
| 2020-12-31 | $6.35 | $495.46 | x |
| 2021-12-31 | $7.37 | $495.46 | x |
| 2022-12-31 | $6.49 | $495.46 | x |
| 2023-12-31 | $7.32 | $495.46 | x |
| 2024-12-31 | $7.00 | $495.46 | x |
| 2025-12-31 | $8.62 | $495.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mastercard Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 193.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.65%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 7.00x
- Recent ROE (193.46%) is above the historical average (63.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 9.40% | 2.22% | 1.25x | 3.39x | $-1.54 Million |
| 2000 | 25.55% | 8.17% | 1.22x | 2.57x | $71.91 Million |
| 2001 | 23.42% | 8.82% | 1.08x | 2.45x | $81.39 Million |
| 2002 | 11.38% | 6.15% | 0.84x | 2.21x | $14.09 Million |
| 2003 | -55.21% | -17.29% | 0.77x | 4.15x | $-455.67 Million |
| 2004 | 24.42% | 9.18% | 0.79x | 3.35x | $140.56 Million |
| 2005 | 22.81% | 9.08% | 0.79x | 3.17x | $149.80 Million |
| 2006 | 2.12% | 1.51% | 0.65x | 2.15x | $-186.25 Million |
| 2007 | 35.87% | 26.70% | 0.65x | 2.07x | $783.16 Million |
| 2008 | -13.17% | -5.09% | 0.77x | 3.36x | $-446.65 Million |
| 2009 | 41.75% | 28.69% | 0.68x | 2.13x | $1.11 Billion |
| 2010 | 35.39% | 33.33% | 0.63x | 1.69x | $1.32 Billion |
| 2011 | 32.48% | 28.39% | 0.63x | 1.82x | $1.32 Billion |
| 2012 | 39.89% | 37.33% | 0.59x | 1.80x | $2.07 Billion |
| 2013 | 41.64% | 37.49% | 0.58x | 1.90x | $2.37 Billion |
| 2014 | 53.00% | 38.31% | 0.62x | 2.25x | $2.93 Billion |
| 2015 | 62.82% | 39.39% | 0.59x | 2.68x | $3.20 Billion |
| 2016 | 71.41% | 37.67% | 0.58x | 3.29x | $3.49 Billion |
| 2017 | 70.31% | 31.33% | 0.59x | 3.83x | $3.36 Billion |
| 2018 | 108.60% | 39.19% | 0.60x | 4.61x | $5.32 Billion |
| 2019 | 135.50% | 48.08% | 0.58x | 4.88x | $7.52 Billion |
| 2020 | 100.31% | 41.90% | 0.46x | 5.25x | $5.77 Billion |
| 2021 | 118.80% | 46.00% | 0.50x | 5.15x | $7.96 Billion |
| 2022 | 157.67% | 44.66% | 0.57x | 6.15x | $9.30 Billion |
| 2023 | 161.57% | 44.61% | 0.59x | 6.13x | $10.50 Billion |
| 2024 | 198.52% | 45.71% | 0.59x | 7.41x | $12.23 Billion |
| 2025 | 193.46% | 45.65% | 0.61x | 7.00x | $14.19 Billion |
Industry Comparison
This section compares Mastercard Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $4,215,656,516
- Average return on equity (ROE) among peers: 85.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mastercard Inc (MA) | $7.75 Billion | 9.40% | 5.99x | $438.59 Billion |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $16.59 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $156.65 Million | -95.99% | 31.60x | $1.63 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $248.49 Million | 12.88% | 18.94x | $137.84 Million |
| AIOS Tech Inc. (AIOS) | $53.94 Million | 5.08% | 0.74x | $3.53 Million |
| Ally Financial Inc (ALLY) | $17.05 Billion | 17.95% | 9.70x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $210.67 Million |
| Atlanticus Holdings Corporation (ATLC) | $-22.13 Million | 0.00% | 0.00x | $958.76 Million |
| American Express Company (AXP) | $20.67 Billion | 28.47% | 6.70x | $219.50 Billion |
| Bread Financial Holdings, Inc. (BFH) | $23.09 Million | 838.91% | 357.19x | $3.31 Billion |
| Credit Acceptance Corporation (CACC) | $702.20 Million | 37.91% | 2.97x | $5.39 Billion |
About Mastercard Inc
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with cr… Read more