Mastercard Financial Statements
NYSE: MAConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Mastercard revenue and earnings
In fiscal 2025, Mastercard generated $32.79 billion in revenue, up 16.4% from fiscal 2024, its 5th consecutive year of revenue growth. Net income was $14.97 billion (+16.3% year over year), for a net margin of 45.6% versus a median of 44.7% in the prior 5 years. Operating margin was 57.6%.
Diluted earnings per share came in at $16.52, up from $13.89. Over the last 5 fiscal years, MA's revenue has grown at a 16.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Mastercard income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32.79B | 28.17B | 25.10B | 22.24B | 18.88B | 15.30B | 16.88B | 14.95B | 12.50B | 10.78B |
| Revenue growth (YoY) | +16.42% | +12.23% | +12.87% | +17.76% | +23.42% | -9.37% | +12.93% | +19.63% | +15.97% | +11.47% |
| Operating Expenses | 13.89B | 12.59B | 11.09B | 9.97B | 8.80B | 7.22B | 7.22B | 7.67B | 5.88B | 5.01B |
| Operating Income | 18.90B | 15.58B | 14.01B | 12.26B | 10.08B | 8.08B | 9.66B | 7.28B | 6.62B | 5.76B |
| Interest Expense | 722.00M | 646.00M | 575.00M | 471.00M | 431.00M | 380.00M | 224.00M | 186.00M | 154.00M | 95.00M |
| Other Income (Expense) | -319.00M | -328.00M | -369.00M | -532.00M | 225.00M | -321.00M | 67.00M | -78.00M | -100.00M | -115.00M |
| Pretax Income | 18.58B | 15.25B | 13.64B | 11.73B | 10.31B | 7.76B | 9.73B | 7.20B | 6.52B | 5.65B |
| Income Tax | 3.61B | 2.38B | 2.44B | 1.80B | 1.62B | 1.35B | 1.61B | 1.34B | 2.61B | 1.59B |
| Net Income | 14.97B | 12.87B | 11.20B | 9.93B | 8.69B | 6.41B | 8.12B | 5.86B | 3.92B | 4.06B |
| Net Income growth (YoY) | +16.27% | +15.00% | +12.74% | +14.31% | +35.50% | -21.03% | +38.56% | +49.66% | -3.55% | +6.59% |
| EPS (Basic) | 16.54 | 13.91 | 11.86 | 10.26 | 8.79 | 6.40 | 7.98 | 5.63 | 3.67 | 3.70 |
| EPS (Diluted) | 16.52 | 13.89 | 11.83 | 10.22 | 8.76 | 6.37 | 7.94 | 5.60 | 3.65 | 3.69 |
| Shares Outstanding (Basic) | 905.00M | 925.00M | 944.00M | 968.00M | 988.00M | 1.00B | 1.02B | 1.04B | 1.07B | 1.10B |
| Shares Outstanding (Diluted) | 906.00M | 927.00M | 946.00M | 971.00M | 992.00M | 1.01B | 1.02B | 1.05B | 1.07B | 1.10B |
| EBITDA | 20.04B | 16.48B | 14.81B | 13.01B | 10.81B | 8.66B | 10.19B | 7.74B | 7.06B | 6.13B |
| Operating Margin | 57.63% | 55.32% | 55.81% | 55.15% | 53.39% | 52.81% | 57.24% | 48.71% | 52.99% | 53.46% |
| Net Margin | 45.65% | 45.71% | 44.61% | 44.66% | 46.00% | 41.90% | 48.08% | 39.19% | 31.33% | 37.67% |
This table shows 10 annual periods of Mastercard's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow MA's reporting calendar. What is a income statement?