MA vs PYPL
Mastercard Inc. and PayPal Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MA | PYPL |
|---|---|---|
| Revenue | $32.8B | $33.2B |
| Net income | $15.0B | $5.2B |
| Gross margin | · | · |
| Net margin | 45.6% | 15.8% |
| Return on equity | 210.5% | 25.7% |
| Diluted EPS | $16.52 | $5.41 |
| Dividend / share | $3.15 | $0.14 |
| Payout ratio | 18.4% | 2.5% |
| Free cash flow | $17.2B | $5.6B |
| Equity | $7.7B | $20.3B |
| Net debt / equity | 1.09× | 0.10× |
| Current ratio | 1.03× | 1.29× |
| Revenue CAGR 5y | 16.5% | 9.1% |
| Profit CAGR 5y | 18.5% | 4.5% |
MA and PYPL book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (45.6% against 15.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MA | PYPL |
|---|---|---|
| FY2025 | $32.8B | $33.2B |
| FY2024 | $28.2B | $31.8B |
| FY2023 | $25.1B | $29.8B |
| FY2022 | $22.2B | $27.5B |
| FY2021 | $18.9B | $25.4B |
| FY2020 | $15.3B | $21.5B |
| FY2019 | $25.0B | $17.8B |
| FY2018 | $21.8B | $15.5B |
| FY2017 | $12.5B | $13.1B |
| FY2016 | $10.8B | $10.8B |
Bottom line
| Fiscal year | MA | PYPL |
|---|---|---|
| FY2025 | $15.0B | $5.2B |
| FY2024 | $12.9B | $4.1B |
| FY2023 | $11.2B | $4.2B |
| FY2022 | $9.9B | $2.4B |
| FY2021 | $8.7B | $4.2B |
| FY2020 | $6.4B | $4.2B |
| FY2019 | $8.1B | $2.5B |
| FY2018 | $5.9B | $2.1B |
| FY2017 | $3.9B | $1.8B |
| FY2016 | $4.1B | $1.4B |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$381,000,000 | PYPL |
| FY2024 | −$3,630,000,000 | PYPL |
| FY2023 | −$4,673,000,000 | PYPL |
| FY2022 | −$5,281,000,000 | PYPL |
| FY2021 | −$6,487,000,000 | PYPL |
| FY2020 | −$6,153,000,000 | PYPL |
| FY2019 | +$7,208,000,000 | MA |
| FY2018 | +$6,380,000,000 | MA |
| FY2017 | −$597,000,000 | PYPL |
| FY2016 | −$66,000,000 | PYPL |
| FY2015 | +$419,000,000 | MA |
| FY2014 | +$1,416,000,000 | MA |
| FY2013 | +$1,619,000,000 | MA |
The higher-revenue side has changed between MA and PYPL over this period. The gap has narrowed since the earliest year compared.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +29.9 pp | MA |
| FY2024 | +32.7 pp | MA |
| FY2023 | +30.3 pp | MA |
| FY2022 | +35.9 pp | MA |
| FY2021 | +29.6 pp | MA |
| FY2020 | +22.3 pp | MA |
| FY2019 | +18.7 pp | MA |
| FY2018 | +13.5 pp | MA |
| FY2017 | +17.6 pp | MA |
| FY2016 | +24.7 pp | MA |
| FY2015 | +26.1 pp | MA |
| FY2014 | +33.1 pp | MA |
| FY2013 | +23.1 pp | MA |
MA has kept the higher net margin in every one of these 13 fiscal years.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MA's net margin has been more volatile than PYPL's over the 13 comparable fiscal years — 6.0 percentage points of standard deviation against 3.3.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in net margin in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MA's return on equity has been more volatile than PYPL's over the 13 comparable fiscal years — 53.0 percentage points of standard deviation against 5.7.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in return on equity in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.