Mastercard Incorporated (MA)

Mastercard Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	31,474	28,167	25,098	22,237	18,884	15,301
Revenue Growth (YoY)	15.60%	12.23%	12.87%	17.76%	23.42%	-9.37%
Gross Profit	31,474	28,167	25,098	22,237	18,884	15,301
Selling, General & Admin	11,862	10,818	9,752	8,800	7,890	6,559
Operating Expenses	12,939	11,715	10,551	9,550	8,616	7,139
Operating Income	18,535	16,452	14,547	12,687	10,268	8,162
Interest Expense	-747	-646	-575	-471	-431	-380
Interest & Investment Income	335	327	274	61	11	24
Other Non Operating Income (Expenses)	24	20	-7	23	-10	-3
EBT Excluding Unusual Items	18,147	16,153	14,239	12,300	9,838	7,803
Merger & Restructuring Charges	-	-190	-	-	-	-
Gain (Loss) on Sale of Investments	56	-29	-61	-145	645	30
Legal Settlements	-610	-680	-539	-356	-94	-73
Other Unusual Items	-	-	-	-67	-82	-
Pretax Income	17,593	15,254	13,639	11,732	10,307	7,760
Income Tax Expense	3,343	2,380	2,444	1,802	1,620	1,349
Net Income	14,250	12,874	11,195	9,930	8,687	6,411
Net Income to Common	14,250	12,874	11,195	9,930	8,687	6,411
Net Income Growth	15.64%	15.00%	12.74%	14.31%	35.50%	-21.03%
Shares Outstanding (Basic)	910	925	944	968	988	1,002
Shares Outstanding (Diluted)	911	927	946	971	992	1,006
Shares Change (YoY)	-2.20%	-2.01%	-2.57%	-2.12%	-1.39%	-1.57%
EPS (Basic)	15.66	13.92	11.86	10.26	8.79	6.40
EPS (Diluted)	15.64	13.89	11.83	10.22	8.76	6.37
EPS Growth	18.23%	17.41%	15.75%	16.67%	37.52%	-19.77%
Free Cash Flow	17,008	14,306	11,609	10,753	9,056	6,885
Free Cash Flow Per Share	18.66	15.43	12.27	11.07	9.13	6.84
Dividend Per Share	0.760	2.740	2.370	2.040	1.810	1.640
Dividend Growth	-71.21%	15.61%	16.18%	12.71%	10.37%	17.99%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	58.89%	58.41%	57.96%	57.05%	54.37%	53.34%
Profit Margin	45.27%	45.71%	44.60%	44.66%	46.00%	41.90%
Free Cash Flow Margin	54.04%	50.79%	46.26%	48.36%	47.96%	45.00%
EBITDA	19,612	17,349	15,346	13,437	10,994	8,742
EBITDA Margin	62.31%	61.59%	61.14%	60.43%	58.22%	57.13%
D&A For EBITDA	1,077	897	799	750	726	580
EBIT	18,535	16,452	14,547	12,687	10,268	8,162
EBIT Margin	58.89%	58.41%	57.96%	57.05%	54.37%	53.34%
Effective Tax Rate	19.00%	15.60%	17.92%	15.36%	15.72%	17.38%
Advertising Expenses	-	815	825	789	895	657

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q