Mastercard Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	30,241	28,167	25,098	22,237	18,884	15,301	Upgrade
Revenue Growth (YoY)	14.59%	12.23%	12.87%	17.76%	23.42%	-9.37%	Upgrade
Gross Profit	30,241	28,167	25,098	22,237	18,884	15,301	Upgrade
Selling, General & Admin	11,468	10,818	9,752	8,800	7,890	6,559	Upgrade
Operating Expenses	12,480	11,715	10,551	9,550	8,616	7,139	Upgrade
Operating Income	17,761	16,452	14,547	12,687	10,268	8,162	Upgrade
Interest Expense	-720	-646	-575	-471	-431	-380	Upgrade
Interest & Investment Income	330	327	274	61	11	24	Upgrade
Other Non Operating Income (Expenses)	29	20	-7	23	-10	-3	Upgrade
EBT Excluding Unusual Items	17,400	16,153	14,239	12,300	9,838	7,803	Upgrade
Merger & Restructuring Charges	-190	-190	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-47	-29	-61	-145	645	30	Upgrade
Legal Settlements	-703	-680	-539	-356	-94	-73	Upgrade
Other Unusual Items	-	-	-	-67	-82	-	Upgrade
Pretax Income	16,460	15,254	13,639	11,732	10,307	7,760	Upgrade
Income Tax Expense	2,874	2,380	2,444	1,802	1,620	1,349	Upgrade
Net Income	13,586	12,874	11,195	9,930	8,687	6,411	Upgrade
Net Income to Common	13,586	12,874	11,195	9,930	8,687	6,411	Upgrade
Net Income Growth	10.83%	15.00%	12.74%	14.31%	35.50%	-21.03%	Upgrade
Shares Outstanding (Basic)	915	925	944	968	988	1,002	Upgrade
Shares Outstanding (Diluted)	916	927	946	971	992	1,006	Upgrade
Shares Change (YoY)	-2.19%	-2.01%	-2.57%	-2.12%	-1.39%	-1.57%	Upgrade
EPS (Basic)	14.86	13.92	11.86	10.26	8.79	6.40	Upgrade
EPS (Diluted)	14.83	13.89	11.83	10.22	8.76	6.37	Upgrade
EPS Growth	13.34%	17.41%	15.75%	16.67%	37.52%	-19.77%	Upgrade
Free Cash Flow	16,552	14,306	11,609	10,753	9,056	6,885	Upgrade
Free Cash Flow Per Share	18.07	15.43	12.27	11.07	9.13	6.84	Upgrade
Dividend Per Share	2.940	2.740	2.370	2.040	1.810	1.640	Upgrade
Dividend Growth	15.29%	15.61%	16.18%	12.71%	10.37%	17.99%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	58.73%	58.41%	57.96%	57.05%	54.37%	53.34%	Upgrade
Profit Margin	44.93%	45.71%	44.60%	44.66%	46.00%	41.90%	Upgrade
Free Cash Flow Margin	54.73%	50.79%	46.26%	48.36%	47.96%	45.00%	Upgrade
EBITDA	18,773	17,349	15,346	13,437	10,994	8,742	Upgrade
EBITDA Margin	62.08%	61.59%	61.14%	60.43%	58.22%	57.13%	Upgrade
D&A For EBITDA	1,012	897	799	750	726	580	Upgrade
EBIT	17,761	16,452	14,547	12,687	10,268	8,162	Upgrade
EBIT Margin	58.73%	58.41%	57.96%	57.05%	54.37%	53.34%	Upgrade
Effective Tax Rate	17.46%	15.60%	17.92%	15.36%	15.72%	17.38%	Upgrade
Advertising Expenses	-	815	825	789	895	657	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.