Head-to-head · free
Mastercard vs Visa Inc
MA vs V — return on capital, cash generation, margins and balance sheet side by side.
MA
3 / 7
measures where MA leads
V
4 / 7
measures where V leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | MA · FY2025 | V · FY2026 |
|---|---|---|
| Revenue | $32.8B | $45.9B |
| Net income | — | $23.5B |
| Revenue growth (yearly, multi-year) | 14.8% | 11.9% |
| Free cash flow | $17.2B | — |
| Free cash flow margin | 52.3% | — |
| Net cash / (debt) | — | — |
| ROIC | 57.6% | 32.3% |
| Return on equity | 210.5% | 53.3% |
| Gross margin | 77.9% | 80.4% |
| Operating margin | 59.5% | 66.4% |
| Net debt / EBITDA | 0.42x | 0.32x |
Figures are as reported by each company; latest fiscal year shown.
Where Mastercard's cash went (FY2025)
- Capital spending
- $489.0M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where Visa Inc's cash went (FY2026)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
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