| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32.79B | $28.17B | $25.10B | $22.24B | $18.88B | $15.30B | $16.88B | $14.95B |
| Cost of Revenue | $32.79B | $6.67B | $6.02B | $5.26B | $4.49B | $3.79B | $3.54B | $3.21B |
| Gross Profit | $0.00 | $21.49B | $19.08B | $16.97B | $14.39B | $11.51B | $13.35B | $11.74B |
| Gross Margin | 0.00% | 76.31% | 76.01% | 76.33% | 76.23% | 75.25% | 79.05% | 78.50% |
| Operating Expenses | $-19.40B | $5.91B | $5.07B | $4.71B | $4.31B | $3.43B | $3.68B | $4.45B |
| Operating Income | $19.40B | $15.58B | $14.01B | $12.26B | $10.08B | $8.08B | $9.66B | $7.28B |
| Operating Margin | 59.17% | 55.32% | 55.81% | 55.15% | 53.39% | 52.81% | 57.24% | 48.71% |
| Net Income | $14.97B | $12.87B | $11.20B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B |
| Net Margin | 45.65% | 45.71% | 44.61% | 44.66% | 46.00% | 41.90% | 48.08% | 39.19% |
| EPS (Basic) | $16.54 | $13.92 | $11.86 | $10.26 | $8.79 | $6.40 | $7.98 | $5.63 |
| EBITDA | N/A | $16.80B | $15.01B | $12.95B | $11.46B | $8.72B | $10.48B | $7.85B |
| Stock Option Compensation Expense | N/A | $526.00M | $460.00M | $295.00M | $273.00M | $254.00M | $250.00M | $196.00M |
| Price To Earnings Ratio | N/A | 37.83 | 35.96 | 33.90 | 40.87 | 55.79 | 37.41 | 33.52 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | $487.08B | $402.63B | $336.60B | $355.01B | $357.65B | $303.67B | $196.38B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $54.16B | $48.08B | $42.45B | $38.72B | $37.67B | $33.58B | $29.24B | $24.86B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $46.41B | $41.57B | $35.45B | $32.35B | $30.26B | $27.07B | $23.25B | $19.37B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $7.74B | $6.49B | $6.93B | $6.30B | $7.31B | $6.39B | $5.89B | $5.39B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.74B | $6.49B | $6.93B | $6.30B | $7.31B | $6.39B | $5.89B | $5.39B |
| Total Liabilities & Stockholders Equity | $54.16B | $48.08B | $42.45B | $38.72B | $37.67B | $33.58B | $29.24B | $24.86B |
| Book Value Per Share | N/A | $7.04 | $7.41 | $6.59 | $7.50 | $6.50 | $5.89 | $5.27 |
| Tangible Book Value Per Share | N/A | $-8.79 | $-5.03 | $-5.17 | $-3.97 | $-0.20 | $0.54 | $1.53 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | 26.78% | 26.37% | 25.64% | 23.06% | 19.09% | 27.77% | 23.57% |
| Return on Equity | N/A | 198.52% | 161.57% | 157.67% | 118.80% | 100.31% | 137.76% | 108.60% |
| Return on Invested Capital | N/A | 44.41% | 41.78% | 41.81% | 33.59% | 29.82% | 46.52% | 43.02% |
| Quick Ratio | N/A | 1.03 | 1.17 | 1.17 | 1.29 | 1.61 | 1.42 | 1.39 |
| Current Ratio | N/A | 1.03 | 1.17 | 1.17 | 1.29 | 1.61 | 1.42 | 1.39 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $14.97B | $12.87B | $11.20B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B |
| Depreciation | N/A | $897.00M | $799.00M | $750.00M | $726.00M | $580.00M | $522.00M | $459.00M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $17.65B | $14.78B | $11.98B | $11.20B | $9.46B | $7.22B | $8.18B | $6.22B |
| Capital Expenditures | N/A | $474.00M | $371.00M | $1.10B | $814.00M | $708.00M | $728.00M | $504.00M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | N/A | $2.45B | $2.16B | $1.90B | $1.74B | $1.60B | $1.34B | $1.04B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | N/A | $11.04B | $9.03B | $8.75B | $5.90B | $4.47B | $6.50B | $4.93B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | $14.31B | $11.61B | $10.10B | $8.65B | $6.52B | $7.46B | $5.72B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.
Why it moved over time
Mastercard beat Q2 estimates with $5.04 adjusted EPS and raised its revenue outlook, citing strong cross‑border volumes and value‑added services—an earnings-driven signal of sustained growth momentum.
Key fact: Q2 adjusted EPS $5.04 vs. $4.77 consensus; company lifted its revenue outlook citing cross-border volume and value-added services strength.
marketwatch.com: Can credit cards survive AI shopping? Why Mastercard's CEO says they'll ‘prevail' in this new era.Mastercard reported second-quarter profit growth driven by robust transaction volumes amid steady consumer spending, underscoring continued payment-network revenue strength and supporting the near-term outlook.
Key fact: Mastercard posted a rise in second-quarter profit driven by robust transaction volumes and steady consumer spending.
reuters.com: Mastercard profit jumps as stable spending drives transaction volumes