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

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q