Mastercard vs PayPal
Mastercard and PayPal are similar in size: $32.79bn and $33.17bn of revenue in their latest fiscal years. Mastercard grew faster (16.4% against 4.3%). Mastercard kept more of each dollar of sales as profit: a net margin of 45.6% against 15.8%. PayPal carries less debt relative to equity (57.2% against 247.5%).
| Latest fiscal year | MastercardMA, 2025 | PayPalPYPL, 2025 |
|---|---|---|
| Revenue | $32.79bn | $33.17bn |
| Revenue growth | 16.4% | 4.3% |
| Net income | $14.97bn | $5.23bn |
| Operating margin | 57.6% | 18.3% |
| Net margin | 45.6% | 15.8% |
| Return on equity | — | 25.7% |
| Free cash flow | $17.16bn | $5.56bn |
| Cash | $10.57bn | $8.05bn |
| Total debt | $19.15bn | $11.58bn |
| Debt to equity | 247.5% | 57.2% |
| Dividend per share | $3.15 | $0.14 |
| Dividend yield | 0.5% | 1.0% |
| Share buybacks | $11.73bn | $6.05bn |
| Employees | — | 23,800 |
| Market value | $576.50bn | $49.20bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 95 (Strong) | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 74 sales | 1 buys, 38 sales |