MastercardXSWX:MA 93 Debt-to-Equity is 2.82 as of Mar. 2026, which is 35% above its 10-year median of 2.09. GuruFocus rates XSWX:MA with a GF Score™ of 93/100 and a GF Value™ of CHF526.92. The stock has 1 warning sign investors should review. Among 455 Credit Services companies, Mastercard ranks worse than 69.67% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Mastercard's Debt-to-Equity or its related term are showing as below:
XSWX:MA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54 Med: 2.09 Max: 2.92
Current: 2.82
During the past 13 years, the highest Debt-to-Equity Ratio of Mastercard was 2.92. The lowest was 0.54. And the median was 2.09.
XSWX:MA's Debt-to-Equity is ranked worse than 69.67% of 455
companies
in the Credit Services industry
Industry Median: 1.23
vs XSWX:MA: 2.82
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Mastercard Debt-to-Equity Related Terms
Mastercard Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Mastercard's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Credit Services subindustry, Mastercard's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mastercard Debt-to-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Mastercard's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Mastercard's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mastercard (XSWX:MA) has a Debt-to-Equity of 2.82 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mastercard and its competitors. This is 35% above median its historical median of 2.09. Over the past decade, Mastercard's Debt-to-Equity has ranged from 0.54 to 2.92. According to the industry distribution chart, Mastercard ranks #317 out of 455 companies in the Credit Services industry, placing it in the top 69.7%.
Is Mastercard's Debt-to-Equity too high?
Mastercard's current Debt-to-Equity of 2.82 is 35% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 2.92. The Credit Services industry median Debt-to-Equity is 1.23. Mastercard's value of 2.82 is 129.3% above this industry median. Based on the distribution chart, Mastercard ranks #317 out of 455 companies in the Credit Services industry, which is below the industry midpoint. Overall, Mastercard has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Mastercard's Debt-to-Equity compare to V and AXP?
According to the Credit Services industry distribution chart, Mastercard ranks #317 out of 455 companies for Debt-to-Equity. This places Mastercard in the lower half of its industry. The industry median Debt-to-Equity is 1.23. Mastercard's value of 2.82 is 129.3% above this benchmark. Historically, Mastercard's own Debt-to-Equity has ranged from 0.54 to 2.92 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.23, Mastercard has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Credit Services company?
The median Debt-to-Equity among Credit Services companies is 1.23, based on 455 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mastercard's current Debt-to-Equity of 2.82 is 129.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Mastercard and its competitors. For the Credit Services industry, the median Debt-to-Equity is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mastercard's current Debt-to-Equity is 2.82, which is 35% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mastercard stock overvalued right now?
Mastercard (XSWX:MA) has a current Debt-to-Equity of 2.82. The stock's GF Value™ is CHF526.92, compared to a current price of CHF421.00 — trading 20.1% below its estimated fair value. The current Debt-to-Equity is 2.82, which is 35% above median its 10-year median of 2.09 and 129.3% above the Credit Services industry median of 1.23. Mastercard's overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Mastercard (XSWX:MA), the current Debt-to-Equity is 2.82 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mastercard (XSWX:MA) Overvalued in 2026?
Based on GuruFocus' analysis, Mastercard stock appears to be undervalued.
The current stock price of CHF421.00 is trading 20.1% below its estimated GF Value™ of CHF526.92.
Key valuation signals for XSWX:MA:
Debt-to-Equity: 2.82 (35% above median its 10-year median of 2.09)
GF Value™: CHF526.92 vs. price of CHF421.00 (20.1% below fair value)
Industry Position: 129.3% above the Credit Services median (#317 of 455)
No single metric tells the full story. See the XSWX:MA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
93GF Score
Get the complete analysis for XSWX:MA
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:MA has been successfully added to your 
