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Side-by-side financial comparison of BANK OF MONTREAL /CAN/ (BMO) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.8B vs $7.2B, roughly 1.2× BANK OF MONTREAL /CAN/). Mastercard runs the higher net margin — 46.1% vs 25.3%, a 20.8% gap on every dollar of revenue. Mastercard produced more free cash flow last quarter ($4.9B vs $1.0B).
The Bank of Montreal, abbreviated as BMO, is a Canadian multinational investment bank and financial services company.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
BMO vs MA — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $7.2B | $8.8B |
| Net Profit | $1.8B | $4.1B |
| Gross Margin | — | — |
| Operating Margin | — | 55.8% |
| Net Margin | 25.3% | 46.1% |
| Revenue YoY | — | 17.6% |
| Net Profit YoY | — | 21.5% |
| EPS (diluted) | — | $4.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $7.2B | — | ||
| Q4 25 | — | $8.8B | ||
| Q3 25 | $6.6B | $8.6B | ||
| Q2 25 | $6.3B | $8.1B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | $1.8B | — | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $1.4B | $3.7B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 58.8% | ||
| Q2 25 | — | 58.7% | ||
| Q1 25 | — | 57.2% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 58.0% |
| Q1 26 | 25.3% | — | ||
| Q4 25 | — | 46.1% | ||
| Q3 25 | 25.9% | 45.7% | ||
| Q2 25 | 22.6% | 45.5% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 44.6% | ||
| Q3 24 | — | 44.3% | ||
| Q2 24 | — | 46.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.52 | ||
| Q3 25 | — | $4.34 | ||
| Q2 25 | — | $4.07 | ||
| Q1 25 | — | $3.59 | ||
| Q4 24 | — | $3.64 | ||
| Q3 24 | — | $3.53 | ||
| Q2 24 | — | $3.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.2B | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.6B | $7.7B |
| Total Assets | $1064.4B | $54.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.2B | — | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | $42.8B | $10.3B | ||
| Q2 25 | $47.7B | $9.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | $62.6B | — | ||
| Q4 25 | — | $7.7B | ||
| Q3 25 | $63.3B | $7.9B | ||
| Q2 25 | $62.7B | $7.9B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
| Q1 26 | $1064.4B | — | ||
| Q4 25 | — | $54.2B | ||
| Q3 25 | $1045.0B | $53.3B | ||
| Q2 25 | $1051.4B | $51.4B | ||
| Q1 25 | — | $48.5B | ||
| Q4 24 | — | $48.1B | ||
| Q3 24 | — | $47.2B | ||
| Q2 24 | — | $42.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $5.0B |
| Free Cash FlowOCF − Capex | $1.0B | $4.9B |
| FCF MarginFCF / Revenue | 14.4% | 55.5% |
| Capex IntensityCapex / Revenue | 3.9% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.72× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | $-3.1B | $5.7B | ||
| Q2 25 | $-2.3B | $4.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $3.1B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $-3.4B | $5.5B | ||
| Q2 25 | $-2.7B | $4.6B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | 14.4% | — | ||
| Q4 25 | — | 55.5% | ||
| Q3 25 | -51.3% | 63.8% | ||
| Q2 25 | -41.8% | 56.1% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | — | 63.3% | ||
| Q3 24 | — | 68.2% | ||
| Q2 24 | — | 43.4% |
| Q1 26 | 3.9% | — | ||
| Q4 25 | — | 1.3% | ||
| Q3 25 | 4.5% | 2.1% | ||
| Q2 25 | 5.1% | 0.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | -1.81× | 1.44× | ||
| Q2 25 | -1.63× | 1.24× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BMO
Segment breakdown not available.
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
