Mastercard Management
Management criteria checks 2/4
Mastercard's CEO is Michael Miebach, appointed in Mar 2020, has a tenure of 6.42 years. total yearly compensation is $35.42M, comprised of 3.9% salary and 96.1% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth $17.76M. The average tenure of the management team and the board of directors is 1.9 years and 7.7 years respectively.
Key information
Michael Miebach
Chief executive officer
US$35.4m
Total compensation
| CEO salary percentage | 3.88% |
| CEO tenure | 6.4yrs |
| CEO ownership | 0.004% |
| Management average tenure | 1.9yrs |
| Board average tenure | 7.7yrs |
Recent management updates
Recent updates
Narrative Update • Aug 17
MA: Stablecoin Infrastructure And Crypto Credential Will Support Future Network Relevance
Mastercard's updated analyst fair value estimate moved modestly higher to about $667 per share, as analysts factor in higher Q2 price targets supported by solid purchase volumes, recovering cross border travel, and contributions from value added services, despite slightly lower modeled revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on Mastercard is largely constructive, with many firms lifting price targets after Q2 results.Seeking Alpha • Aug 14
Mastercard: A Rare Growth Stock I'm Comfortable Buying At 28.5x Earnings
Summary Mastercard is a global payments leader, offering robust long-term compounding potential and rated a 'Buy' for strong total returns. MA combines double-digit revenue growth, sector-leading margins, and expanding value-added services, supporting its durable moat and GARP profile. Recent issuer wins, fast-growing cybersecurity and network-linked services, and resilient consumer spending underpin MA’s growth trajectory. With an A+ balance sheet, aggressive buybacks, and a forward P/E of 28.5, MA offers quality at a reasonable price. Read the full article on Seeking Alpha
New Narrative • Jul 23
Capital-light, high-return payment network that is successfully expanding into high-margin security and data services faster than its peers.
Mastercard is a toll-booth on global commerce that has quietly become something more interesting: a toll-booth that also sells the security cameras, the traffic data and the insurance. The company earns a fee on every transaction routed across its network without extending credit, holding inventory, or reinvesting meaningfully to grow — capital expenditure was $489 million in FY2025 against $17.6 billion of operating cash flow, a capex intensity of 2.8%.
New Narrative • Jun 18
Mastercard: The Best Dividend Stock You're Ignoring
What Does Mastercard Do? Most people should already be familiar with this company, but for those who aren't: Mastercard runs the rails connecting banks, merchants, and the billions of cards carrying its brand.Narrative Update • Apr 24
MA: Crypto Efforts And BVNK Acquisition Will Support Future Network Relevance
Mastercard's analyst fair value estimate has edged down by about $4 to $653. Analysts are generally maintaining constructive views on long term payments trends while adjusting price targets to reflect modestly higher discount rates and updated P/E assumptions.Narrative Update • Apr 07
MA: Crypto Partnerships And BVNK Deal Will Support Future Payment Upside
The analyst price target for Mastercard edges slightly lower to reflect a modest trim in fair value to about $657. This is largely tied to a more cautious sector tone and a mix of recent target cuts and raises, even as analysts highlight ongoing benefits from payment volume trends, cross border activity, and product initiatives like the BVNK and stablecoin partnerships.Narrative Update • Mar 24
MA: Crypto Partnerships And BVNK Deal Will Support Future Upside
The analyst price target for Mastercard is now effectively unchanged at about $663. Analysts point to recent upgrades, higher targets clustered around $668 to $735, and support for the BVNK acquisition and stablecoin partnerships as key reasons for maintaining a constructive view.Narrative Update • Mar 09
MA: New Digital Partnerships And Crypto Rails Will Support Future Upside
The analyst price target for Mastercard edges up by about $1 to reflect slightly higher fair value and margin assumptions, as analysts point to broadly constructive payment sector views, recent Buy initiations and upgrades, and new partnerships such as SoFi's stablecoin tie up as support for the updated outlook. Analyst Commentary Recent research on Mastercard reflects an active debate on valuation, but with a clear tilt toward constructive views on the business model and its role in global payments.Narrative Update • Feb 23
MA: Partnerships And Crypto Capabilities Will Drive Future Upside
Our updated fair value estimate for Mastercard edges higher by about $1 to $662 per share, reflecting analysts' slightly adjusted assumptions for revenue growth, profit margins, discount rate, and forward P/E following a mix of recent price target raises and cuts across the Street. Analyst Commentary Recent Street research on Mastercard reflects a mixed but engaged view, with several firms adjusting price targets and ratings in both directions.Analysis Article • Feb 15
The Mastercard Incorporated (NYSE:MA) Yearly Results Are Out And Analysts Have Published New Forecasts
Shareholders might have noticed that Mastercard Incorporated ( NYSE:MA ) filed its annual result this time last week...Narrative Update • Feb 08
MA: Crypto And Stablecoin Expansion Will Drive Future Upside
Analysts trimmed their fair value estimate for Mastercard by about US$4, to roughly US$661, reflecting slightly lower assumed future P/E multiples, even as they highlight resilient revenue growth, strong profit margins, and a series of recent rating upgrades that see the shares as relatively inexpensive. Analyst Commentary Recent research on Mastercard has been active, with a mix of price target trims and increases alongside several rating upgrades.Narrative Update • Jan 24
MA: Digital And Crypto Payment Expansion Will Drive Future Upside
Analysts have inched their fair value estimate for Mastercard higher to about $665 per share, reflecting slightly stronger assumptions on revenue growth, profit margins and future P/E. This view is supported by a series of recent price target raises that highlight steady fundamentals, benefits from digital payment trends and an improved view of the card networks heading into 2026.Narrative Update • Jan 10
MA: Digital And Cross-Border Payment Shifts Will Drive Future Upside
Analysts have nudged their fair value estimate for Mastercard higher to about $661, reflecting modest tweaks to discount rate, revenue growth, and future P/E assumptions as they respond to a series of higher Street price targets grounded in solid results and ongoing benefits from the shift toward digital payments. Analyst Commentary Recent research updates on Mastercard point to a generally constructive tone, with several firms lifting price targets and initiating coverage at favorable ratings.Narrative Update • Dec 19
MA: Expanding Digital And Cross-Border Payments Will Drive Future Upside
Analysts have nudged our fair value estimate for Mastercard modestly higher to approximately $657 from about $656, citing a wave of rising Street price targets grounded in solid quarterly results, resilient spending trends, and the companys expanding role in high growth digital and cross border payments. Analyst Commentary Bullish analysts have highlighted Mastercard's strong execution and durable growth profile as key reasons for revising price targets higher, reinforcing the view that the company can sustain premium valuation multiples.Narrative Update • Dec 05
MA: Digital And Cross-Border Payment Momentum Will Drive Future Upside
Analysts have nudged their price targets on Mastercard higher, with recent increases of roughly $45 to $70 per share into the high $600s and low $700s. They cite strong quarterly results, Mastercard's role in accelerating digital and cross border payments, and a clean execution backdrop that supports only minor tweaks to key valuation inputs.Narrative Update • Nov 21
MA: Digital Payment Momentum Will Drive Gains As Blockchain Expansion Accelerates
Mastercard's analyst price target has increased modestly to approximately $656.51. This reflects analysts' optimism following strong recent results, consistent digital payment growth, and ongoing positive trends highlighted in recent research updates.
Narrative Update • Nov 20
What Exactly Is Mastercard’s VAS Business?
Mastercard’s VAS (sometimes called “Services & Solutions”) includes a broad set of products and services beyond its core payments network. According to its 2023 annual report, the main components are: Cyber & Intelligence : Fraud prevention, threat intelligence, security, identity services.Narrative Update • Nov 07
MA: Digital Payment Expansion Will Drive Outperformance Amid Blockchain Developments
Mastercard's analyst price target has been revised upward by $4 to $654.98. Analysts cite strong quarterly results and the company's continued leadership in digital payments as key drivers behind the increased valuation.Narrative Update • Oct 23
Analysts Boost Mastercard Valuation Amid Strong Results and New Strategic Partnerships
Analysts have slightly increased their fair value estimate for Mastercard by approximately $2.55 to $650.98, citing continued innovation, strong cross-border transaction trends, and positive revisions to earnings forecasts by the Street. Analyst Commentary Recent Street research reflects continued attention on Mastercard's operational performance, growth outlook, and valuation.Narrative Update • Oct 08
Digital Payments And Mobile Commerce Will Expand Global Markets
Analysts have modestly raised their price target for Mastercard to approximately $648. They cite robust Q2 results, increased revenue growth estimates, and ongoing expectations for strong earnings compounding along with resilient consumer spending trends.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$16b |
| Mar 31 2026 | n/a | n/a | US$16b |
| Dec 31 2025 | US$35m | US$1m | US$15b |
| Sep 30 2025 | n/a | n/a | US$14b |
| Jun 30 2025 | n/a | n/a | US$14b |
| Mar 31 2025 | n/a | n/a | US$13b |
| Dec 31 2024 | US$30m | US$1m | US$13b |
| Sep 30 2024 | n/a | n/a | US$12b |
| Jun 30 2024 | n/a | n/a | US$12b |
| Mar 31 2024 | n/a | n/a | US$12b |
| Dec 31 2023 | US$26m | US$1m | US$11b |
| Sep 30 2023 | n/a | n/a | US$11b |
| Jun 30 2023 | n/a | n/a | US$10b |
| Mar 31 2023 | n/a | n/a | US$10b |
| Dec 31 2022 | US$21m | US$1m | US$10b |
| Sep 30 2022 | n/a | n/a | US$10b |
| Jun 30 2022 | n/a | n/a | US$10b |
| Mar 31 2022 | n/a | n/a | US$9b |
| Dec 31 2021 | US$16m | US$1m | US$9b |
| Sep 30 2021 | n/a | n/a | US$8b |
| Jun 30 2021 | n/a | n/a | US$7b |
| Mar 31 2021 | n/a | n/a | US$7b |
| Dec 31 2020 | US$9m | US$729k | US$6b |
| Sep 30 2020 | n/a | n/a | US$7b |
| Jun 30 2020 | n/a | n/a | US$7b |
| Mar 31 2020 | n/a | n/a | US$8b |
| Dec 31 2019 | US$6m | US$584k | US$8b |
Compensation vs Market: Michael's total compensation ($USD35.42M) is above average for companies of similar size in the US market ($USD14.39M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Miebach (58 yo)
6.4yrs
Tenure
US$35,422,518
Compensation
Mr. Michael Miebach serves as President of Mastercard Incorporated from March 01, 2020. He is Independent Director of International Business Machines Corporation since October 30, 2023. He has been Chief E...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6.4yrs | US$35.42m | 0.0035% $ 17.8m | |
| Vice Chair | 1.3yrs | US$10.38m | 0.00092% $ 4.6m | |
| President & CTO of Mastercard Technology | 3.3yrs | US$8.29m | 0.0027% $ 13.6m | |
| Vice Chair | 12.3yrs | US$12.29m | 0.0053% $ 26.7m | |
| Chief Services Officer | 8.6yrs | US$8.21m | 0.0019% $ 9.4m | |
| Chief Business Officer | no data | US$13.70m | 0.0017% $ 8.4m | |
| Chief Financial Officer | no data | no data | 0.0025% $ 12.4m | |
| Corporate Controller & Principal Accounting Officer | no data | no data | 0.00020% $ 1.0m | |
| Chief Administrative Officer | 1.3yrs | no data | 0.000040% $ 201.2k | |
| Executive Vice President of Investor Relations | 3.3yrs | no data | no data | |
| General Counsel | 2.6yrs | no data | no data | |
| Chief Marketing & Communications Officer | less than a year | no data | no data |
1.9yrs
Average Tenure
55yo
Average Age
Experienced Management: MA's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.6yrs | US$35.42m | 0.0035% $ 17.8m | |
| Independent Director | 7.7yrs | US$405.35k | 0.00034% $ 1.7m | |
| Independent Director | 8.2yrs | US$406.60k | 0.00095% $ 4.8m | |
| Independent Director | 12.2yrs | US$450.35k | 0.0010% $ 5.1m | |
| Independent Director | 7.2yrs | US$395.35k | 0.00070% $ 3.5m | |
| Independent Director | 10.2yrs | US$371.60k | 0.00074% $ 3.7m | |
| Independent Director | 8.3yrs | US$400.35k | 0.00025% $ 1.3m | |
| Independent Director | 4.9yrs | US$397.85k | 0.000060% $ 301.9k | |
| Independent Non-Executive Chairman | 12.2yrs | US$615.38k | 0.0012% $ 6.1m | |
| Independent Director | 7.2yrs | US$424.10k | 0.00025% $ 1.3m | |
| Independent Director | 4.3yrs | US$392.85k | 0.000030% $ 150.9k |
7.7yrs
Average Tenure
64yo
Average Age
Experienced Board: MA's board of directors are considered experienced (7.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/19 21:45 |
| End of Day Share Price | 2026/08/19 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mastercard Incorporated is covered by 61 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Marrone | Accountability Research Corporation |
| Stephen Biggar | Argus Research Company |
| David Koning | Baird |