The second-largest card network outside China, after Visa.
Price · Oct 2026
$561.78
+67.4% · 5Y
Oct 2021Oct 2026
52-week range
As of 5 Oct 2026, 17:51
Low$464.52Now$561.79High$601.23
What does Mastercard do?
Mastercard, based in Purchase, New York, works much like Visa: your bank issues the card, Mastercard provides the network behind it and earns a little on every payment. Today about two fifths of revenue comes from extra services such as fraud detection, data analytics and security for online payments.
Where you know it from
From the Mastercard logo on many credit and debit cards, for example from savings banks and online banks.
How Mastercard makes money
Payment network (fees per payment)59 %
Extra services (fraud protection, data)41 %
Revenue share 2025
Strengths
Accepted worldwide. Together with Visa, Mastercard dominates the card market outside China.
No credit risk from card loans, because banks make the loans.
Extra services grow faster than the core business and broaden Mastercard’s base.
Risks
Politicians and courts are pushing for lower card fees.
European alternatives such as Wero and instant transfers could take market share.
Less travel and spending hurts revenue, and euro investors also carry dollar risk.
+7.5%
+6.8%
+32.0%