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Mastercard Seasonality

Historical month-by-month and year-by-year returns

Based on 21 calendar years of monthly closes, starting 2006.

By Month

MonthAverageMedian% PositiveBestWorst
January+1.3%+4.2%55%+13.3%11.4%
February+1.8%+2.2%55%+18.1%10.2%
March+1.5%+1.0%60%+17.4%16.8%
April+4.8%+3.9%80%+24.7%6.3%
May+1.9%+0.7%50%+33.9%18.7%
June0.0%+0.7%52%+10.9%14.0%
July+3.6%+4.2%86%+16.0%8.0%
August+1.8%+2.8%59%+21.9%14.8%
September+0.8%+0.1%50%+25.8%26.9%
October+3.3%+5.2%70%+28.3%16.6%
November+5.6%+5.6%70%+37.3%6.1%
December+1.6%+0.6%55%+14.1%6.2%

By Calendar Year

YearReturn
2025+8.4%
2024+23.5%
2023+22.7%
20223.2%
2021+0.7%
2020+19.5%
2019+58.3%
2018+24.6%
2017+46.6%
2016+6.0%
2015+13.0%
2014+3.1%
2013+70.1%
2012+31.8%
2011+66.4%
201012.5%
2009+79.1%
200833.6%
2007+118.5%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.