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	2016 - 2020
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	2016 - 2020
Revenue	32,791	28,167	25,098	22,237	18,884	Upgrade
Revenue Growth (YoY)	16.42%	12.23%	12.87%	17.76%	23.42%	Upgrade
Gross Profit	32,791	28,167	25,098	22,237	18,884	Upgrade
Selling, General & Admin	12,247	10,818	9,752	8,800	7,890	Upgrade
Operating Expenses	13,390	11,715	10,551	9,550	8,616	Upgrade
Operating Income	19,401	16,452	14,547	12,687	10,268	Upgrade
Interest Expense	-722	-646	-575	-471	-431	Upgrade
Interest & Investment Income	325	327	274	61	11	Upgrade
Other Non Operating Income (Expenses)	166	20	-7	23	-10	Upgrade
EBT Excluding Unusual Items	19,170	16,153	14,239	12,300	9,838	Upgrade
Merger & Restructuring Charges	-	-190	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-88	-29	-61	-145	645	Upgrade
Legal Settlements	-504	-680	-539	-356	-94	Upgrade
Other Unusual Items	-	-	-	-67	-82	Upgrade
Pretax Income	18,578	15,254	13,639	11,732	10,307	Upgrade
Income Tax Expense	3,610	2,380	2,444	1,802	1,620	Upgrade
Net Income	14,968	12,874	11,195	9,930	8,687	Upgrade
Net Income to Common	14,968	12,874	11,195	9,930	8,687	Upgrade
Net Income Growth	16.27%	15.00%	12.74%	14.31%	35.50%	Upgrade
Shares Outstanding (Basic)	905	925	944	968	988	Upgrade
Shares Outstanding (Diluted)	906	927	946	971	992	Upgrade
Shares Change (YoY)	-2.27%	-2.01%	-2.57%	-2.12%	-1.39%	Upgrade
EPS (Basic)	16.54	13.92	11.86	10.26	8.79	Upgrade
EPS (Diluted)	16.52	13.89	11.83	10.22	8.76	Upgrade
EPS Growth	18.93%	17.41%	15.75%	16.67%	37.52%	Upgrade
Free Cash Flow	17,159	14,306	11,609	10,753	9,056	Upgrade
Free Cash Flow Per Share	18.94	15.43	12.27	11.07	9.13	Upgrade
Dividend Per Share	3.150	2.740	2.370	2.040	1.810	Upgrade
Dividend Growth	14.96%	15.61%	16.18%	12.71%	10.37%	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	59.17%	58.41%	57.96%	57.05%	54.37%	Upgrade
Profit Margin	45.65%	45.71%	44.60%	44.66%	46.00%	Upgrade
Free Cash Flow Margin	52.33%	50.79%	46.26%	48.36%	47.96%	Upgrade
EBITDA	20,544	17,349	15,346	13,437	10,994	Upgrade
EBITDA Margin	62.65%	61.59%	61.14%	60.43%	58.22%	Upgrade
D&A For EBITDA	1,143	897	799	750	726	Upgrade
EBIT	19,401	16,452	14,547	12,687	10,268	Upgrade
EBIT Margin	59.17%	58.41%	57.96%	57.05%	54.37%	Upgrade
Effective Tax Rate	19.43%	15.60%	17.92%	15.36%	15.72%	Upgrade
Advertising Expenses	929	815	825	789	895	Upgrade

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q