MA drawdown: 9.9% below the all-time high
Mastercard Incorporated (MA) is 9.9% below its all-time high, set Aug 22, 2025 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2006).
- Below all-time high
- −9.9%
- 90.1% of ATH
- All-time high
- $599.0
- Aug 22, 2025
- Time below the high
- 11 mo
- since Aug 22, 2025
- Worst-ever drawdown
- −62.8%
- Jan 20, 2009
- Longest underwater
- 3.2 yrs
- between all-time highs
- Today's level first reached
- Jan 27, 2025
- 18 mo ago
- Last time this deep
- Apr 21, 2025
- in a previous episode
% of all-time high since 2006#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of MA, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 2, 2008 | Jan 20, 2009 | −62.8% | 8 mo | Aug 3, 2011 | 3.2 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −41.0% | 33 days | Aug 25, 2020 | 6 mo |
| Feb 2, 2022 | Oct 12, 2022 | −28.6% | 8 mo | Jul 11, 2023 | 17 mo |
| Jul 16, 2007 | Aug 15, 2007 | −24.0% | 30 days | Oct 31, 2007 | 4 mo |
| Apr 28, 2021 | Dec 1, 2021 | −22.6% | 7 mo | Feb 2, 2022 | 9 mo |
| Oct 1, 2018 | Dec 24, 2018 | −22.0% | 3 mo | Feb 26, 2019 | 5 mo |
| Dec 13, 2007 | Jan 18, 2008 | −21.8% | 36 days | Mar 25, 2008 | 3 mo |
| Aug 22, 2025 | Jun 3, 2026 | −21.3% | 9 mo | not yet | 11 mo+ |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2006: how far MA stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: MA is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is MA from its all-time high?
- MA is currently 9.9% below its all-time high, set Aug 22, 2025 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest MA drawdown ever?
- The deepest decline on record in our data (since 2006) took the stock 62.8% below its prior high, bottoming Jan 20, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2006 (split-adjusted). "All-time" means since our price data begins — MA may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.