Mastercard vs Visa (MA vs V)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Visa is the larger company by revenue ($40.0B vs $32.8B) and market value ($680.3B vs $475.1B). Mastercard has grown revenue faster over the last 4 fiscal years (+73.6% cumulative vs +65.9%). Visa runs the higher operating margin (60.0% vs 57.6%).
About Mastercard
Mastercard Inc operates a global payments network that facilitates electronic payments between consumers, merchants, financial institutions, and governments. The company provides payment processing services, including credit, debit, and prepaid card transactions, and offers related products and services to consumers and businesses worldwide. Mastercard serves a broad range of customers, including cardholders, merchants, issuers, and acquirers, across multiple countries.
About Visa
Visa Inc. provides digital payment processing services that facilitate secure and efficient money movement among consumers, financial institutions, merchants, governments, and other organizations worldwide. Its main products include Visa-branded credit, debit, prepaid, and cash access programs used by nearly 14,500 financial institutions and accepted at over 175 million merchant locations in more than 200 countries and territories. Visa operates a global transaction processing network called VisaNet and offers value-added services such as risk management, fraud detection, and advisory solutions to support its clients.
Head to head (MA FY2025 vs V FY2025)
| Metric | MAFY2025 | VFY2025 |
|---|---|---|
| Revenue | $32.79B | $40.00B |
| Revenue growth (YoY) | 16.4% | 11.3% |
| Gross margin | — | — |
| Operating margin | 57.6% | 60.0% |
| Net margin | 45.6% | 50.1% |
| Net income | $14.97B | $20.06B |
| Diluted EPS | $16.52 | — |
| FCF margin | 52.3% | 53.9% |
| ROE | 193.2% | 52.9% |
| Debt / equity | 2.4× | 0.5× |
| Market cap | $475.10B | $680.35B |
| P/E (TTM) | 31.1× | 31.2× |
Fundamentals are from each company’s SEC filings (MA FY2025, V FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MA | $18.88B | $22.24B | $25.10B | $28.17B | $32.79B |
| V | $24.11B | $29.31B | $32.65B | $35.93B | $40.00B |
Peer standing
Where each company ranks among the 424 Financials companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | MA | V |
|---|---|---|
| Operating margin | 57.6%97th percentile of 147 | 60.0%98th percentile of 147 |
| Net margin | 45.6%95th percentile of 378 | 50.1%97th percentile of 378 |
| FCF margin | 52.3%90th percentile of 273 | 53.9%91st percentile of 273 |
| Revenue growth (YoY) | +16.4%63rd percentile of 420 | +11.3%54th percentile of 420 |
| ROE | 193.2%99th percentile of 375 | 52.9%99th percentile of 375 |
| P/E (TTM) | 31.1×88th percentile of 316 | 31.2×88th percentile of 316 |
| Debt / equity | 2.36×93rd percentile of 193 | 0.52×62nd percentile of 193 |
| Short interest (days to cover) | 1.63d18th percentile of 418 | 1.90d24th percentile of 418 |
Short interest
| FINRA settlement data | MA | V |
|---|---|---|
| Shares sold short | 7.7M | 20.7M |
| Change vs prior settlement | +16.3% | -2.8% |
| Days to cover | 1.63 | 1.90 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | MA | V |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 15 ($22.1M) | 6 ($25.6M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
16 tracked 13F managers hold both Mastercard and Visa as of their latest quarterly filings: AQR Capital Management, Akre Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Giverny Capital, Gotham Asset Management, Harris Associates (Oakmark), Lone Pine Capital, Markel Group, Millennium Management, Point72 Asset Management and 4 more. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.