MA · Mastercard Inc - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · MA

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$32.79B	$28.17B	$25.10B	$22.24B	$29.84B	$23.62B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$11.32B	$10.19B	$8.93B	$8.08B	$7.09B	$5.91B
Total Operating Expenses	$13.89B	$12.59B	$11.09B	$9.97B	$8.80B	$7.22B
D&A	$1.14B	$897.00M	$799.00M	$750.00M	$726.00M	$580.00M
Operating Income	$18.90B	$15.58B	$14.01B	$12.26B	$10.08B	$8.08B
Interest Expense	$571.00M	$646.00M	$575.00M	$471.00M	$431.00M	$380.00M
Income Tax	$3.61B	$2.38B	$2.44B	$1.80B	$1.62B	$1.35B
Net Income	$14.97B	$12.87B	$11.20B	$9.93B	$8.69B	$6.41B
EPS - Basic	$16.54	$13.91	$11.86	$10.26	$8.79	$6.40
EPS - Diluted	$16.52	$13.89	$11.83	$10.22	$8.76	$6.37

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$10.57B	$8.44B	$8.59B	$7.01B	$7.42B	$10.11B
Accounts Receivable	$4.61B	$3.77B	$4.06B	$3.42B	$3.01B	$2.65B
Inventory	-	-	-	-	-	-
Accounts Payable	$999.00M	$929.00M	$834.00M	$926.00M	$738.00M	$527.00M
Current Assets	$23.56B	$19.72B	$18.96B	$16.61B	$16.95B	$19.11B
Total Assets	$54.16B	$48.08B	$42.45B	$38.72B	$37.67B	$33.58B
Current Liabilities	$22.76B	$19.22B	$16.26B	$14.17B	$13.16B	$11.85B
Long-term Debt	$18.25B	$17.48B	$14.34B	$13.75B	$13.11B	$12.02B
Total Liabilities	$46.41B	$41.57B	$35.45B	$32.35B	$30.26B	$27.07B
Stockholders' Equity	$7.74B	$6.49B	$6.93B	$6.30B	$7.31B	$6.39B
Retained Earnings	$85.03B	$72.91B	$62.56B	$53.61B	$45.65B	$38.75B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$17.65B	$14.78B	$11.98B	$11.20B	$9.46B	$7.22B
Investing Cash Flow	($1.36B)	($3.40B)	($1.35B)	($1.47B)	($5.27B)	($1.88B)
Financing Cash Flow	($14.18B)	($10.84B)	($9.49B)	($10.33B)	($6.55B)	($2.15B)
CapEx	$489.00M	$474.00M	$371.00M	$442.00M	$407.00M	$339.00M
Free Cash Flow	$17.16B	$14.31B	$11.61B	$10.75B	$9.06B	$6.88B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	57.6%	55.3%	55.8%	55.2%	33.8%	34.2%
EBITDA margin	61.1%	58.5%	59.0%	58.5%	36.2%	36.7%
Net margin	45.6%	45.7%	44.6%	44.7%	29.1%	27.1%
Free cash flow margin	52.3%	50.8%	46.3%	48.4%	30.3%	29.2%
FCF / Net income	1.15	1.11	1.04	1.08	1.04	1.07
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	34.5%	36.2%	35.6%	36.3%	23.7%	25.0%
Effective tax rate	19.4%	15.6%	17.9%	15.4%	15.7%	17.4%
Return on assets	27.6%	26.8%	26.4%	25.6%	23.1%	19.1%
Return on equity	193.5%	198.5%	161.6%	157.7%	118.8%	100.3%
Return on invested capital	58.6%	54.9%	54.0%	51.8%	41.6%	36.3%
Liquidity
Current ratio	1.03	1.03	1.17	1.17	1.29	1.61
Quick ratio	1.03	1.03	1.17	1.17	1.29	1.61
Cash ratio	0.46	0.44	0.53	0.49	0.56	0.85
Leverage
Debt / Equity	2.36	2.69	2.07	2.18	1.79	1.88
Debt / Assets	0.34	0.36	0.34	0.36	0.35	0.36
Debt / EBITDA	0.91	1.06	0.97	1.06	1.21	1.39
Interest coverage	33.1x	24.1x	24.4x	26.0x	23.4x	21.3x
Equity multiplier	7.00	7.41	6.13	6.15	5.15	5.25
Liabilities / Assets	0.86	0.86	0.84	0.84	0.80	0.81
Efficiency
Asset turnover	0.61	0.59	0.59	0.57	0.79	0.70
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	51d	49d	59d	56d	37d	41d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	34.6x	37.9x	36.1x	34.0x	41.0x	56.0x
P / B	66.8x	75.3x	58.2x	53.6x	48.7x	56.2x
P / S	15.8x	17.3x	16.1x	15.2x	11.9x	15.2x
EV / EBITDA	26.2x	30.2x	27.6x	26.5x	33.5x	41.7x
Growth
Revenue growth (YoY)	16.4%	12.2%	12.9%	-25.5%	26.4%	-5.5%
Revenue CAGR (3y)	13.8%	-1.9%	2.0%	-3.8%	-	-
Revenue CAGR (5y)	6.8%	2.4%	-	-	22.6%	-
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	21.3%	11.2%	14.2%	21.6%	24.8%	-16.4%
Net income growth (YoY)	16.3%	15.0%	12.7%	14.3%	35.5%	-21.0%
EPS growth (YoY)	18.9%	17.4%	15.8%	16.7%	37.5%	-19.8%
EPS CAGR (3y)	17.4%	16.6%	22.9%	8.8%	-	-
EPS CAGR (5y)	21.0%	11.8%	-	-	18.9%	-
FCF growth (YoY)	19.9%	23.2%	8.0%	18.7%	31.5%	-11.3%
FCF CAGR (5y)	20.0%	13.0%	-	-	16.2%	-
Book value growth (YoY)	19.3%	-6.4%	10.0%	-13.9%	14.4%	8.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$32.79B total

Payment Solutions$32.79B · 100.0%

Product / service

$32.79B total

Payment Network$19.48B · 59.4%

Value Added Services And Solutions$13.31B · 40.6%

Geographic

$32.79B total

International Markets$18.75B · 57.2%

Americas$14.04B · 42.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

3.10

Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Services-Business Services, NEC

Company	Revenue (last FY)	Net margin	ROE
ACN	-	-	-
DASH	$13.72B	6.8%	9.3%
RBA	$4.59B	9.3%	7.7%
AKAM	-	-	9.1%
UBER	$52.02B	19.3%	37.2%

Comparing Mastercard Inc against the 5 most active filers in the same SIC group.

Dividends

$3.26/share trailing 12 months · +14.8% YoY

Ex-date	Per share
Apr 9, 2026	$0.8700
Jan 9, 2026	$0.8700
Oct 9, 2025	$0.7600
Jul 9, 2025	$0.7600
Apr 9, 2025	$0.7600
Jan 10, 2025	$0.7600
Oct 9, 2024	$0.6600
Jul 9, 2024	$0.6600
Apr 8, 2024	$0.6600
Jan 8, 2024	$0.6600
Oct 5, 2023	$0.5700
Jul 6, 2023	$0.5700
Apr 5, 2023	$0.5700
Jan 6, 2023	$0.5700
Oct 6, 2022	$0.4900
Jul 7, 2022	$0.4900
Apr 7, 2022	$0.4900
Jan 6, 2022	$0.4900
Oct 7, 2021	$0.4400
Jul 8, 2021	$0.4400
Apr 8, 2021	$0.4400
Jan 7, 2021	$0.4400
Oct 8, 2020	$0.4000
Jul 8, 2020	$0.4000