MA Mastercard MA · NYSE · Financials
SEC EDGAR ↗ SEC EDGAR Filings checked 23 Oct 2026, 16:23 UTC Financials checked 23 Oct 2026, 16:23 UTC
Some records were last checked more than 24 hours ago. These are the last verified records; check the official source for the latest filings.
Annual reporting period: 2025-01-01 — 2025-12-31 · USD
Annual revenue $32.79B Year over year +16.4%
Annual net income $14.97B Consolidated net income
Annual operating income $18.9B Consolidated basis
Operating margin 57.6% Operating income / revenue
Revenue over time ANNUAL
2018-12-31 · 14,950,000,000 USD
2018 $14.95B
2019-12-31 · 16,883,000,000 USD
2019 $16.88B
2020-12-31 · 15,301,000,000 USD
2020 $15.3B
2021-12-31 · 18,884,000,000 USD
2021 $18.88B
2022-12-31 · 22,237,000,000 USD
2022 $22.24B
2023-12-31 · 25,098,000,000 USD
2023 $25.1B
2024-12-31 · 28,167,000,000 USD
2024 $28.17B
2025-12-31 · 32,791,000,000 USD
2025 $32.79B Each bar is one fiscal year of revenue, ending on the date shown.
Income statement CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 Revenue $32.79B $28.17B $25.1B $22.24B $18.88B $15.3B $16.88B $14.95B Selling, general and administrative $11.32B $10.19B $8.93B $8.08B $7.09B $5.91B $5.76B $5.17B Operating expenses $13.89B $12.59B $11.09B $9.97B $8.8B $7.22B $7.22B $7.67B Operating income $18.9B $15.58B $14.01B $12.26B $10.08B $8.08B $9.66B $7.28B Non-operating income $-319M $-328M $-369M $-532M $225M $-321M $67M $-78M Income tax expense $3.61B $2.38B $2.44B $1.8B $1.62B $1.35B $1.61B $1.35B Net income $14.97B $12.87B $11.2B $9.93B $8.69B $6.41B $8.12B $5.86B Basic EPS 16.54 13.91 11.86 10.26 8.79 6.40 7.98 5.63 Diluted EPS 16.52 13.89 11.83 10.22 8.76 6.37 7.94 5.60 Diluted shares outstanding 0.91B 0.93B 0.95B 0.97B 0.99B 1.01B 1.02B 1.05B
Balance sheet CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 Total assets $54.16B $48.08B $42.45B $38.72B $37.67B $33.58B $29.24B $24.86B Current assets $23.56B $19.72B $18.96B $16.61B $16.95B $19.11B $16.9B $16.17B Cash and equivalents $10.57B $8.44B $8.59B $7.01B $7.42B $10.11B $6.99B $6.68B Accounts receivable $4.61B $3.77B $4.06B $3.43B $3.01B $2.65B $2.51B $2.28B Property, plant and equipment $2.3B $2.14B $2.06B $2.01B $1.91B $1.9B $1.83B $921M Total liabilities $46.41B $41.57B $35.45B $32.35B $30.26B $27.07B $23.25B $19.37B Current liabilities $22.76B $19.22B $16.26B $14.17B $13.16B $11.85B $11.9B $11.59B Accounts payable $999M $929M $834M $926M $738M $527M $489M $537M Short-term debt $749M $750M $1.34B $274M $792M $649M $0M $500M Long-term debt $18.25B $17.48B $14.34B $13.75B $13.11B $12.02B $8.53B $5.83B Shareholders' equity $7.74B $6.49B $6.93B $6.3B $7.31B $6.39B $5.89B $5.4B Retained earnings $85.04B $72.91B $62.56B $53.61B $45.65B $38.75B $33.98B $27.28B
Cash flow statement CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 Operating cash flow $17.65B $14.78B $11.98B $11.2B $9.46B $7.22B $8.18B $6.22B Investing cash flow $-1.36B $-3.4B $-1.35B $-1.47B $-5.27B $-1.88B $-1.64B $-506M Financing cash flow $-14.18B $-10.84B $-9.49B $-10.33B $-6.56B $-2.15B $-5.87B $-4.97B Capital expenditure $489M $474M $371M $442M $407M $339M $422M $330M Depreciation and amortisation $1.14B $897M $799M $750M $726M $580M $522M $459M Dividends paid $2.76B $2.45B $2.16B $1.9B $1.74B $1.61B $1.35B $1.04B Share buybacks $11.73B $10.95B $9.03B $8.75B $5.9B $4.47B $6.5B $4.93B
Key ratios COMPUTED HERE Line 2025 2024 2023 2022 2021 2020 2019 2018 Operating margin 57.6% 55.3% 55.8% 55.2% 53.4% 52.8% 57.2% 48.7% Net margin 45.6% 45.7% 44.6% 44.7% 46.0% 41.9% 48.1% 39.2% Return on equity 193.5% 198.5% 161.6% 157.7% 118.8% 100.3% 137.8% 108.6% Return on assets 27.6% 26.8% 26.4% 25.6% 23.1% 19.1% 27.8% 23.6% Asset turnover 0.61× 0.59× 0.59× 0.57× 0.50× 0.46× 0.58× 0.60× Current ratio 1.03× 1.03× 1.17× 1.17× 1.29× 1.61× 1.42× 1.39× Debt to equity 599.9% 641.0% 511.6% 513.6% 413.8% 423.5% 394.5% 359.1% Net debt $8.43B $9.78B $7.09B $7.02B $6.48B $2.56B $1.54B $-348M Free cash flow $17.16B $14.31B $11.61B $10.75B $9.06B $6.89B $7.76B $5.89B
Amounts are as filed. An em dash means that line was not reported, not that it is nil; rows marked “computed” and the whole key-ratios table are worked out here from those amounts.
About this record 8 fiscal years from 2018 to 2025, covering 29 statement lines, collected from SEC EDGAR. The most recent was confirmed on 2026-02-11.
Its 57.63% operating margin in the latest fiscal year is at or above 96% of the 45 listed companies collected here, closest to Visa 59.98% and NVIDIA 60.38%.
This page offers no investment view or forecast about Mastercard. The amounts are as the company filed them, the ratios follow from those amounts, and no currency is converted.
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