Key Performance Metrics

  • The review of Net Profit Margin witnessed a fluctuating trend. The Net Profit Margin moved from 48.08% in 2019 to 44.61% in 2023.
  • The average EBIT Margin for the period under analysis was 56.10%, with 2020 and 2021 performing the worst and best,
  • In the current year, Mastercard was able to cover its interest liabilities 25.19 times in the current year- compared to 2019 when it was 44.44 times.
  • The Asset turnover stood at 0.63 times in 2023 from 0.65 in 2019, implying a high performance on Assets of the business in relation to revenue.


  • The revenue of Mastercard has fluctuated year on year. The revenue decreased by a negative -9.37% between 2019 and 2020 and a further 17.76% increase was recorded between 2021 and 2022. There also occurred an increase of 12.87% between 2022 and 2023 (the current period).
  • Mastercard’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.


  • The company’s result in liquidity looks poor, as current ratio was stagnant from 1.7:1 to 1.17:1 on the last year. Which implies that the company [does not have] enough assets to settle its current liabilities.

Capital Structure

  • Mastercard is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been falling year on year. The gearing position of the company appears to be low as it stood at 216% in the current year.

Source: Mastercard Annual Report

Share This Showroom

Open chat
Need Help?
Powered by BFI Insights
Hello 👋
How can we assist you today?