Mastercard Incorporated financials
$563.58−0.82%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.79B | $28.17B | $25.10B | $22.24B | $18.88B | $15.30B | $16.88B | $14.95B | $12.50B | $10.78B |
| Gross profit | $32.79B | $28.17B | $25.10B | $22.24B | $18.88B | $15.30B | $16.88B | $14.95B | $12.50B | $10.78B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $18.90B | $15.58B | $14.01B | $12.26B | $10.08B | $8.08B | $9.66B | $7.28B | $6.62B | $5.76B |
| Net income | $14.97B | $12.87B | $11.20B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B | $3.92B | $4.06B |
| Net margin | 45.6% | 45.7% | 44.6% | 44.7% | 46.0% | 41.9% | 48.1% | 39.2% | 31.3% | 37.7% |
| Diluted EPS | $16.52 | $13.89 | $11.83 | $10.22 | $8.76 | $6.37 | $7.94 | $5.60 | $3.65 | $3.69 |
| EBITDA | $22.64B | $18.99B | $16.97B | $14.96B | $12.27B | $8.73B | $10.19B | $8.87B | $7.07B | $7.11B |
| Operating cash flow | $17.65B | $14.78B | $11.98B | $11.20B | $9.46B | $7.22B | $8.18B | $6.22B | $5.66B | $4.64B |
| Free cash flow | $17.16B | $14.31B | $11.61B | $10.75B | $9.06B | $6.88B | $7.76B | $5.89B | $5.36B | $4.42B |
| Diluted shares | 906.0M | 927.0M | 946.0M | 971.0M | 992.0M | 1,006.0M | 1,022.0M | 1,047.0M | 1,072.0M | 1,101.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.57B | $8.44B | $8.59B | $7.01B | $7.42B | $10.11B |
| Short-term investments | $332.0M | $330.0M | $592.0M | $400.0M | $473.0M | $483.0M |
| Total debt | $19.00B | $20.54B | $17.08B | $14.02B | $13.90B | $12.67B |
| Total assets | $54.16B | $48.08B | $42.45B | $38.72B | $37.67B | $33.58B |
| Total liabilities | $46.41B | $41.57B | $35.45B | $32.35B | $30.26B | $27.07B |
| Shareholders' equity | $7.75B | $6.51B | $6.97B | $6.36B | $7.38B | $6.49B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology