Mastercard Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	32,791	28,167	25,098	22,237	18,884
Revenue Growth (YoY)	16.42%	12.23%	12.87%	17.76%	23.42%
Gross Profit	32,791	28,167	25,098	22,237	18,884
Selling, General & Admin	12,247	11,008	9,752	8,867	7,982
Depreciation & Amortization Expenses	1,143	897	799	750	726
Other Operating Expenses	504	680	539	356	94
Operating Income	18,897	15,582	14,008	12,264	10,082
Interest Income	325	327	274	61	11
Interest Expense	-722	-646	-575	-471	-431
Other Non-Operating Income (Expense)	78	-9	-68	-122	645
Total Non-Operating Income (Expense)	-319	-328	-369	-532	225
Pretax Income	18,578	15,254	13,639	11,732	10,307
Provision for Income Taxes	3,610	2,380	2,444	1,802	1,620
Net Income	14,968	12,874	11,195	9,930	8,687
Net Income to Common	14,968	12,874	11,195	9,930	8,687
Net Income Growth	16.27%	15.00%	12.74%	14.31%	35.50%
Shares Outstanding (Basic)	905	925	944	968	988
Shares Outstanding (Diluted)	906	927	946	971	992
Shares Change (YoY)	-2.27%	-2.01%	-2.57%	-2.12%	-1.39%
EPS (Basic)	16.54	13.91	11.86	10.26	8.79
EPS (Diluted)	16.52	13.89	11.83	10.22	8.76
EPS Growth	18.93%	17.41%	15.75%	16.67%	37.52%
Free Cash Flow	17,159	14,306	11,609	10,753	9,056
Free Cash Flow Growth	19.94%	23.23%	7.96%	18.74%	31.53%
Free Cash Flow Per Share	18.94	15.43	12.27	11.07	9.13
Dividends Per Share	3.150	2.740	2.370	2.040	1.810
Dividend Growth	14.96%	15.61%	16.18%	12.71%	10.37%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	57.63%	55.32%	55.81%	55.15%	53.39%
Profit Margin	45.65%	45.71%	44.61%	44.66%	46.00%
FCF Margin	52.33%	50.79%	46.25%	48.36%	47.96%
EBITDA	22,138	18,309	16,429	14,600	12,179
EBITDA Margin	67.51%	65.00%	65.46%	65.66%	64.49%
EBIT	18,897	15,582	14,008	12,264	10,082
EBIT Margin	57.63%	55.32%	55.81%	55.15%	53.39%
Effective Tax Rate	19.43%	15.60%	17.92%	15.36%	15.72%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.