Mastercard Incorporated (MA): ev to ebit, 10 filed years

EV/EBIT at Mastercard Incorporated was 27.86x in FY2025, the newest filed year. Across the 7 computed years from FY2019 it ranged from 27.86x (FY2025) to 44.86x (FY2020), with a median of 31.81x.

Tonight's figure on the company page: 30.04x, at the close of 2026-10-15, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.

Year by year

Mastercard Incorporated: EV/EBIT for each filed fiscal year, with the filing behind each.
Fiscal year	EV/EBIT	Close used	Read from
FY2016 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	103.25 on 2016-12-30	10-K, filed 2017-02-15
FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	151.36 on 2017-12-29	10-K, filed 2018-02-14
FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	188.65 on 2018-12-31	10-K, filed 2019-02-13
FY2019	31.81x	298.59 on 2019-12-31	10-K, filed 2020-02-14
FY2020	44.86x	356.94 on 2020-12-31	10-K, filed 2021-02-12
FY2021	36.07x	359.32 on 2021-12-31	10-K, filed 2022-02-11
FY2022	28.17x	347.73 on 2022-12-30	10-K, filed 2023-02-14
FY2023	29.37x	426.51 on 2023-12-29	10-K, filed 2024-02-13
FY2024	32.00x	526.57 on 2024-12-31	10-K, filed 2025-02-12
FY2025	27.86x	570.88 on 2025-12-31	10-K, filed 2026-02-11

How each year is computed

(Close at fiscal year end x diluted shares + total debt - cash) / operating income

P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.

Read further

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

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