Mastercard Inc. (MA) Stock Inflation-Adjusted

Mastercard Inc. (MA) is a global technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses worldwide through its payment processing network.

Nominal stock prices can be misleading because they don't reflect an investment's real growth in purchasing power. To provide a more accurate analysis, this page adjusts Mastercard's historical stock prices using the US Consumer Price Index. The charts and data below let you compare the nominal price against its real value, offering a clearer picture of the company's long-term performance.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use March 2026 as the baseline (latest available CPI).

The current value of Mastercard stock is 495.46 (as of the close of May 1, 2026), 16.9% lower than the all-time high of 596.25 (Aug 22, 2025).

Since May 25, 2006, the inflation-adjusted total return for the stock has been 7,190%, which is equivalent to an annual growth rate of 24.01%.

In nominal values, the total return since this date has been 11,787%, or an annualized rate of 27.09%.

Inflation-Adjusted Values by Month

This data presents Mastercard's end-of-month closing levels over time. The inflation-adjusted column shows what each past level would represent in roughly today's dollars based on the latest CPI reading, following the same present-value method that underlies the US Inflation Calculator. The newest row will show matching nominal and adjusted values until another CPI update becomes available.

Date	Inflation-Adjusted	Nominal value
May 2026	495.46	495.46
Apr 2026	502.92	502.92
Mar 2026	498.8	498.8
Feb 2026	521.74	516.32
Jan 2026	546.07	537.87
Dec 2025	579.86	569.05
Nov 2025	559.08	548.76
Oct 2025	550.22	550.22
Sep 2025	575.68	566.24
Aug 2025	604.01	592.6
Jul 2025	576.42	563.91
Jun 2025	571.9	558.65
May 2025	598.01	582.17
Apr 2025	560.84	544.85
Mar 2025	561.85	544.13
Feb 2025	592.07	572.11
Jan 2025	573.15	551.39
Dec 2024	546.13	521.97
Nov 2024	552.93	528.28
Oct 2024	518.05	495.22
Sep 2024	511.95	488.83
Aug 2024	501.91	478.48
Jul 2024	481.92	459.05
Jun 2024	458.34	436.08
May 2024	464.64	441.92
Apr 2024	469.71	446
Mar 2024	502.58	475.37
Feb 2024	498.68	468.64
Jan 2024	474.78	443.44
Dec 2023	452.51	420.35
Nov 2023	438.62	407.86
Oct 2023	398.09	370.92
Sep 2023	418.02	389.63
Aug 2023	436.77	406.1
Jul 2023	419.15	388.03
Jun 2023	418.31	386.5
May 2023	389.48	358.71
Apr 2023	406.52	373.46
Mar 2023	390.1	356.57
Feb 2023	382.64	348.61
Jan 2023	401.36	363.63
Dec 2022	378.99	340.64
Nov 2022	387.24	349.13
Oct 2022	356.22	321.48
Sep 2022	309.39	278.09
Aug 2022	353.71	317.24
Jul 2022	385.65	346.01
Jun 2022	343.32	308.08
May 2022	394.8	349.47
Apr 2022	405.3	354.85
Mar 2022	400.28	348.51
Feb 2022	409.53	351.86
Jan 2022	442.55	376.79
Dec 2021	414.47	349.94
Nov 2021	364.37	306.7
Oct 2021	390.11	326.76
Sep 2021	407.1	338.18
Aug 2021	406.5	336.77
Jul 2021	454.06	375.39
Jun 2021	431.09	354.7
May 2021	429.72	350.31
Apr 2021	458.97	371.18
Mar 2021	430.73	345.5
Feb 2021	431.1	343.37
Jan 2021	387.45	306.92
Dec 2020	438.55	345.93
Nov 2020	413.84	326.13
Oct 2020	354.75	279.74
Sep 2020	415.31	327.36
Aug 2020	440.51	346.74
Jul 2020	380.64	298.67
Jun 2020	366.16	285.86
May 2020	374.63	290.88
Apr 2020	342.36	265.82
Mar 2020	298.29	233.17
Feb 2020	357.64	280.16
Jan 2020	390.36	304.96
Dec 2019	369.86	287.83
Nov 2019	361.66	281.7
Oct 2019	342.39	266.83
Sep 2019	336.27	261.47
Aug 2019	348.67	270.9
Jul 2019	337.38	262.14
Jun 2019	327.94	254.38
May 2019	311.84	241.84
Apr 2019	315.92	244.48
Mar 2019	293.71	226.1
Feb 2019	281.97	215.84
Jan 2019	265.98	202.75
Dec 2018	237.7	180.85
Nov 2018	252.54	192.75
Oct 2018	247.44	189.49
Sep 2018	278.83	213.16
Aug 2018	270.31	206.4
Jul 2018	248.43	189.59
Jun 2018	246.28	187.94
May 2018	238.64	181.82
Apr 2018	224.69	170.48
Mar 2018	221.34	167.27
Feb 2018	222.6	167.85
Jan 2018	215.01	161.39
Dec 2017	193.31	144.32
Nov 2017	192.06	143.47
Oct 2017	189.89	141.85
Sep 2017	179.84	134.42
Aug 2017	170.68	126.9
Jul 2017	164.12	121.67
Jun 2017	155.58	115.41
May 2017	157.55	116.77
Apr 2017	149.27	110.53
Mar 2017	144.47	106.67
Feb 2017	142.01	104.76
Jan 2017	137.13	100.84
Dec 2016	133.66	97.72
Nov 2016	132.34	96.73
Oct 2016	138.36	101.29
Sep 2016	131.49	96.14
Aug 2016	125.15	91.28
Jul 2016	123.47	89.97
Jun 2016	113.73	83.01
May 2016	124.26	90.4
Apr 2016	126.18	91.43
Mar 2016	123.28	88.9
Feb 2016	113.88	81.77
Jan 2016	116.74	83.75
Dec 2015	127.62	91.41
Nov 2015	127.91	91.93
Oct 2015	129.04	92.94
Sep 2015	117.22	84.47
Aug 2015	119.96	86.58
Jul 2015	126.31	91.29
Jun 2015	121.03	87.47
May 2015	119.87	86.33
Apr 2015	117.81	84.41
Mar 2015	112.84	80.69
Feb 2015	118.43	84.18
Jan 2015	108.25	76.61
Dec 2014	112.95	80.32
Nov 2014	113.78	81.37
Oct 2014	108.58	78.07
Sep 2014	95.45	68.81
Aug 2014	97.97	70.56
Jul 2014	95.66	69.02
Jun 2014	94.61	68.29
May 2014	98.63	71.06
Apr 2014	95.22	68.36
Mar 2014	96.88	69.33
Feb 2014	101.45	72.13
Jan 2014	99.15	70.24
Dec 2013	109.72	77.43
Nov 2013	99.9	70.51
Oct 2013	93.97	66.46
Sep 2013	87.86	62.3
Aug 2013	79.24	56.12
Jul 2013	79.93	56.54
Jun 2013	75.16	53.14
May 2013	74.78	52.75
Apr 2013	72.64	51.15
Mar 2013	70.93	50
Feb 2013	68.05	47.85
Jan 2013	68.69	47.9
Dec 2012	65.25	45.37
Nov 2012	64.73	45.13
Oct 2012	60.76	42.57
Sep 2012	59.46	41.67
Aug 2012	55.94	39.03
Jul 2012	58.07	40.29
Jun 2012	57.08	39.67
May 2012	53.87	37.49
Apr 2012	59.86	41.71
Mar 2012	55.79	38.76
Feb 2012	56.15	38.71
Jan 2012	47.74	32.77
Dec 2011	50.26	34.35
Nov 2011	50.37	34.51
Oct 2011	46.65	31.99
Sep 2011	42.5	29.2
Aug 2011	44.25	30.36
Jul 2011	40.81	27.92
Jun 2011	40.57	27.73
May 2011	38.61	26.42
Apr 2011	37.28	25.39
Mar 2011	34.21	23.15
Feb 2011	33.02	22.13
Jan 2011	32.62	21.76
Dec 2010	31.04	20.6
Nov 2010	32.88	21.79
Oct 2010	33.32	22.07
Sep 2010	31.11	20.58
Aug 2010	27.56	18.22
Jul 2010	29.23	19.29
Jun 2010	27.75	18.32
May 2010	28.03	18.52
Apr 2010	34.49	22.77
Mar 2010	35.36	23.3
Feb 2010	31.36	20.58
Jan 2010	34.94	22.93
Dec 2009	35.89	23.47
Nov 2009	33.71	22.08
Oct 2009	30.67	20.08
Sep 2009	28.32	18.52
Aug 2009	28.4	18.56
Jul 2009	27.26	17.78
Jun 2009	23.45	15.31
May 2009	24.92	16.14
Apr 2009	26	16.79
Mar 2009	23.78	15.32
Feb 2009	22.49	14.45
Jan 2009	19.42	12.42
Dec 2008	20.51	13.06
Nov 2008	20.64	13.28
Oct 2008	20.59	13.51
Sep 2008	24.43	16.19
Aug 2008	33.37	22.14
Jul 2008	33.46	22.29
Jun 2008	36.55	24.22
May 2008	42.92	28.16
Apr 2008	39.01	25.38
Mar 2008	31.44	20.33
Feb 2008	27.02	17.32
Jan 2008	29.52	18.87
Dec 2007	30.82	19.6
Nov 2007	28.72	18.28
Oct 2007	27.34	17.3
Sep 2007	21.33	13.47
Aug 2007	19.8	12.47
Jul 2007	23.2	14.63
Jun 2007	23.93	15.1
May 2007	21.59	13.6
Apr 2007	16.22	10.15
Mar 2007	15.51	9.65
Feb 2007	15.79	9.73
Jan 2007	16.52	10.13
Dec 2006	14.62	8.94
Nov 2006	15.13	9.23
Oct 2006	11	6.72
Sep 2006	10.37	6.37
Aug 2006	8.2	5.06
Jul 2006	6.74	4.16
Jun 2006	7.08	4.35
May 2006	6.64	4.07

Returns from Investing in Mastercard stock

How much did an investment in Mastercard really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Mastercard stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2021.

Year	Inflation-Adjusted Return	Nominal Return
2024	20.69%	24.17%
2023	19.4%	23.4%
2022	-8.56%	-2.66%
2021	-5.49%	1.16%
2020	18.57%	20.19%
2019	55.6%	59.16%
2018	22.96%	25.31%
2017	44.63%	47.68%
2016	4.73%	6.91%
2015	12.99%	13.81%
2014	2.95%	3.72%
2013	68.15%	70.68%
2012	29.83%	32.09%
2011	61.92%	66.72%
2010	-13.52%	-12.22%
2009	74.96%	79.72%
2008	-33.45%	-33.39%
2007	110.8%	119.4%

Mastercard Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Mastercard over various trailing periods ending March 31, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	-11.22%	-8.33%
Last 3 years	8.54%	11.84%
Last 5 years	2.98%	7.62%
Last 10 years	15%	18.82%

Real Returns of Investing in the Mastercard

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Mastercard five years ago yielded an 64.91% nominal gain, but the real return (the actual increase in buying power) was 33.54%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025	$164.91	64.91%	33.54%
Last 10 years Feb 2016 - Sep 2025	$692.48	592.48%	405.52%

Inflation in Mastercard Operations

Mastercard generally experiences low to moderate inflation impact due to its asset-light business model and network-based revenue structure.

Technology Infrastructure: Rising costs for data centers, cybersecurity systems and payment processing technology can affect operational expenses, though these represent a smaller portion of total costs compared to traditional businesses.
Personnel Costs: Wage inflation for skilled technology professionals, particularly in cybersecurity and data analytics, can increase labor expenses across global operations.
Regulatory & Compliance: Inflation in legal, regulatory and compliance costs as payment regulations evolve and require additional infrastructure investments.
Global Operations: Currency fluctuations and local inflation in international markets can impact the cost structure of regional offices and local partnerships.

Mastercard's business model provides strong protection against inflation through several mechanisms. The company earns revenue as a percentage of transaction volumes, meaning that as prices rise due to inflation, transaction values increase proportionally, naturally boosting revenue without requiring active price adjustments.

This transaction-based fee structure creates an automatic hedge against inflation, as higher prices for goods and services directly translate to higher payment processing volumes. Additionally, the company's minimal physical assets and scalable technology platform allow it to maintain margins even as operational costs rise.

About Mastercard

Mastercard Incorporated is a global payments technology company that facilitates electronic payments between consumers, merchants, financial institutions and government entities worldwide.

Founded in 1966 and headquartered in Purchase, New York, the company operates one of the world's largest payment processing networks. Mastercard does not issue cards directly but provides the technology and network that enables financial institutions to offer branded credit, debit and prepaid cards.

As a component of the S&P 500, Mastercard represents the financial technology sector in major market indices. The company processes billions of transactions annually across more than 200 countries and territories, making it a critical component of global commerce infrastructure.

Last Close May 1, 2026	495.46
Highest Aug 22, 2025	596.25
Highest, Inflation-Adjusted Aug 22, 2025	607.73
Annualized return Since May 25, 2006	27.09%
Annualized return, Inflation-Adjusted Since May 25, 2006	24.01%