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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.40B | - | $8.60B | $8.13B | $7.25B | - | $7.37B | $6.96B | $6.35B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.04B | - | $2.92B | $2.77B | $2.52B | - | $2.74B | $2.42B | $2.29B | - |
| Total Operating Expenses | $3.49B | - | $3.54B | $3.36B | $3.10B | - | $3.37B | $2.92B | $2.74B | - |
| D&A | $299.00M | - | $290.00M | $281.00M | $275.00M | - | $225.00M | $225.00M | $216.00M | - |
| Operating Income | $4.91B | - | $5.06B | $4.78B | $4.15B | - | $4.00B | $4.04B | $3.60B | - |
| Interest Expense | $185.00M | - | $159.00M | $195.00M | $150.00M | - | $159.00M | $153.00M | $150.00M | - |
| Income Tax | $930.00M | - | $1.07B | $971.00M | $751.00M | - | $603.00M | $681.00M | $547.00M | - |
| Net Income | $3.88B | - | $3.93B | $3.70B | $3.28B | - | $3.26B | $3.26B | $3.01B | - |
| EPS - Basic | $4.35 | - | $4.35 | $4.08 | $3.60 | - | $3.54 | $3.51 | $3.23 | - |
| EPS - Diluted | $4.35 | - | $4.34 | $4.07 | $3.59 | - | $3.53 | $3.50 | $3.22 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.91B | $10.57B | $10.31B | $9.03B | $7.58B | $8.44B | $11.06B | $7.00B | $7.29B | $8.59B |
| Accounts Receivable | $4.72B | $4.61B | $4.25B | $4.18B | $3.96B | $3.77B | $4.01B | $4.20B | $4.23B | $4.06B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.03B | $999.00M | $935.00M | $818.00M | $993.00M | $929.00M | $911.00M | $835.00M | $790.00M | $834.00M |
| Current Assets | $22.50B | $23.56B | $23.22B | $22.14B | $19.80B | $19.72B | $22.30B | $17.78B | $18.42B | $18.96B |
| Total Assets | $52.45B | $54.16B | $53.29B | $51.43B | $48.47B | $48.08B | $47.24B | $42.33B | $42.60B | $42.45B |
| Current Liabilities | $22.93B | $22.76B | $20.69B | $19.03B | $17.83B | $19.22B | $17.29B | $15.59B | $16.91B | $16.26B |
| Long-term Debt | $17.21B | $18.25B | $18.98B | $18.97B | $18.80B | $17.48B | $17.61B | $14.52B | $13.54B | $14.34B |
| Total Liabilities | $45.73B | $46.41B | $45.37B | $43.56B | $41.77B | $41.57B | $39.74B | $34.85B | $35.29B | $35.45B |
| Stockholders' Equity | $6.72B | $7.74B | $7.90B | $7.85B | $6.67B | $6.49B | $7.44B | $7.42B | $7.24B | $6.93B |
| Retained Earnings | $88.15B | $85.03B | $81.75B | $78.51B | $75.50B | $72.91B | $70.26B | $67.60B | $64.96B | $62.56B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.00B | - | - | - | $2.38B | - | - | - | $1.67B | - |
| Investing Cash Flow | ($362.00M) | - | - | - | ($340.00M) | - | - | - | ($174.00M) | - |
| Financing Cash Flow | ($5.00B) | - | - | - | ($2.99B) | - | - | - | ($2.68B) | - |
| CapEx | $154.00M | - | - | - | $159.00M | - | - | - | $157.00M | - |
| Free Cash Flow | $2.85B | - | - | - | $2.22B | - | - | - | $1.51B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 58.4% | - | 58.8% | 58.7% | 57.2% | - | 54.3% | 58.0% | 56.8% | - |
| EBITDA margin | 62.0% | - | 62.2% | 62.2% | 61.0% | - | 57.4% | 61.2% | 60.2% | - |
| Net margin | 46.2% | - | 45.7% | 45.5% | 45.2% | - | 44.3% | 46.8% | 47.4% | - |
| Free cash flow margin | 33.9% | - | - | - | 30.6% | - | - | - | 23.9% | - |
| FCF / Net income | 0.73 | - | - | - | 0.68 | - | - | - | 0.50 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 36.2% | - | 34.0% | 34.0% | 34.8% | - | 37.2% | 34.7% | 36.0% | - |
| Effective tax rate | 19.3% | - | 21.4% | 20.8% | 18.6% | - | 15.6% | 17.3% | 15.4% | - |
| Return on assets | 7.4% | - | 7.4% | 7.2% | 6.8% | - | 6.9% | 7.7% | 7.1% | - |
| Return on equity | 57.8% | - | 49.7% | 47.1% | 49.2% | - | 43.9% | 43.9% | 41.6% | - |
| Return on invested capital | 16.5% | - | 14.8% | 14.1% | 13.3% | - | 13.5% | 15.2% | 14.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 |
| Quick ratio | 0.98 | 1.03 | 1.12 | 1.16 | 1.11 | 1.03 | 1.29 | 1.14 | 1.09 | 1.17 |
| Cash ratio | 0.34 | 0.46 | 0.50 | 0.47 | 0.42 | 0.44 | 0.64 | 0.45 | 0.43 | 0.53 |
| Leverage | ||||||||||
| Debt / Equity | 2.56 | 2.36 | 2.40 | 2.42 | 2.82 | 2.69 | 2.37 | 1.96 | 1.87 | 2.07 |
| Debt / Assets | 0.33 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.37 | 0.34 | 0.32 | 0.34 |
| Debt / EBITDA | 3.31 | - | 3.55 | 3.75 | 4.25 | - | 4.16 | 3.41 | 3.55 | - |
| Interest coverage | 26.5x | - | 31.8x | 24.5x | 27.7x | - | 25.2x | 26.4x | 24.0x | - |
| Equity multiplier | 7.81 | 7.00 | 6.74 | 6.55 | 7.27 | 7.41 | 6.35 | 5.70 | 5.88 | 6.13 |
| Liabilities / Assets | 0.87 | 0.86 | 0.85 | 0.85 | 0.86 | 0.86 | 0.84 | 0.82 | 0.83 | 0.84 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.16 | 0.16 | 0.15 | - | 0.16 | 0.16 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 205d | - | 180d | 188d | 200d | - | 199d | 220d | 243d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 114.9x | - | 131.1x | 138.1x | 152.7x | - | 139.9x | 126.0x | 149.6x | - |
| P / B | 66.4x | - | 65.1x | 65.0x | 75.1x | - | 61.4x | 55.3x | 62.2x | - |
| P / S | 53.1x | - | 59.8x | 62.8x | 69.1x | - | 62.0x | 58.9x | 70.9x | - |
| EV / EBITDA | 87.5x | - | 97.8x | 103.0x | 115.8x | - | 109.6x | 98.1x | 119.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 15.8% | - | 16.7% | 16.8% | 14.2% | - | 12.8% | 11.0% | 10.4% | - |
| Revenue CAGR (3y) | 13.5% | - | -2.1% | -2.2% | -3.3% | - | -2.0% | -1.2% | -0.4% | - |
| Revenue CAGR (5y) | 5.5% | - | 7.7% | 9.8% | 3.3% | - | 2.4% | 2.8% | 2.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 18.3% | - | 26.4% | 18.4% | 15.1% | - | 4.2% | 10.4% | 14.9% | - |
| Net income growth (YoY) | 18.4% | - | 20.3% | 13.6% | 8.9% | - | 2.0% | 14.5% | 27.5% | - |
| EPS growth (YoY) | 21.2% | - | 22.9% | 16.3% | 11.5% | - | 4.1% | 16.7% | 30.4% | - |
| EPS CAGR (3y) | 20.8% | - | 18.9% | 20.3% | 10.2% | - | 13.1% | 18.9% | 20.7% | - |
| EPS CAGR (5y) | 18.9% | - | 23.5% | 23.6% | 16.4% | - | 11.3% | 11.8% | 12.3% | - |
| FCF growth (YoY) | 28.1% | - | - | - | 46.6% | - | - | - | -16.3% | - |
| FCF CAGR (5y) | 15.3% | - | - | - | 5.1% | - | - | - | 4.3% | - |
| Book value growth (YoY) | 0.7% | 19.3% | 6.2% | 5.8% | -7.9% | -6.4% | 17.9% | 34.8% | 35.9% | 10.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$32.79B totalPayment Solutions$32.79B · 100.0%
Product / service
$32.79B totalPayment Network$19.48B · 59.4%
Value Added Services And Solutions$13.31B · 40.6%
Geographic
$32.79B totalInternational Markets$18.75B · 57.2%
Americas$14.04B · 42.8%
Peer comparison
Same SIC group: Services-Business Services, NEC
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 |