Mastercard Inc (MA) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Mastercard reported revenue of $32.79B, up 16.4% from $28.17B the year before. Net income was $14.95B (a 45.6% net margin), or $16.52 per diluted share. Operating margin was 57.6%. Operating activities generated $17.65B of cash, leaving $17.16B of free cash flow. At fiscal year end, Mastercard held $54.16B in total assets against $46.41B in total liabilities, including $10.57B of cash and equivalents.
Open the full interactive Mastercard financials → Quarterly statements, key ratios, valuation history and price charts.
Mastercard Key Stats
| Share Price | $604.80 |
|---|---|
| Market Cap | $534.04B |
| P/E Ratio | 36.6 |
| Dividend Yield | 0.55% |
| Revenue YoY Growth | +16.4% |
| 52-Week Range | $470.05 – $604.80 |
| Shares Outstanding | 882.0 million (basic, 2026 Q2) |
Mastercard Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $15.30B | $18.88B | $22.24B | $25.10B | $28.17B | $32.79B |
| Operating Income | $8.08B | $10.08B | $12.26B | $14.01B | $15.58B | $18.90B |
| Pre-Tax Income | $7.76B | $10.31B | $11.73B | $13.64B | $15.25B | $18.58B |
| Income Tax | $1.35B | $1.62B | $1.80B | $2.44B | $2.38B | $3.61B |
| Net Income | $6.48B | $8.68B | $9.92B | $11.18B | $12.86B | $14.95B |
| Diluted EPS | $6.37 | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 |
Mastercard Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $8.60B | $8.81B | $8.40B | $9.28B |
| Net Income | $3.92B | $4.05B | $3.88B | $4.38B |
| Diluted EPS | $4.34 | $4.47 | $4.35 | $4.97 |
Mastercard Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.11B | $7.42B | $7.01B | $8.59B | $8.44B | $10.57B |
| Current Assets | $19.11B | $16.95B | $16.61B | $18.96B | $19.72B | $23.56B |
| Total Assets | $33.58B | $37.67B | $38.72B | $42.45B | $48.08B | $54.16B |
| Current Liabilities | $11.85B | $13.16B | $14.17B | $16.26B | $19.22B | $22.76B |
| Total Long-Term Debt | $12.67B | $13.90B | $14.02B | $15.68B | $18.23B | $19.00B |
| Total Liabilities | $27.07B | $30.26B | $32.35B | $35.45B | $41.57B | $46.41B |
| Shareholders' Equity | $6.39B | $7.31B | $6.30B | $6.93B | $6.49B | $7.74B |
Mastercard Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $7.22B | $9.46B | $11.20B | $11.98B | $14.78B | $17.65B |
| Cash From Investing | -$1.88B | -$5.27B | -$1.47B | -$1.35B | -$3.40B | -$1.36B |
| Cash From Financing | -$2.15B | -$6.55B | -$10.33B | -$9.49B | -$10.84B | -$14.18B |
| Free Cash Flow | $6.88B | $9.06B | $10.75B | $11.61B | $14.31B | $17.16B |
| Dividends Paid | $1.60B | $1.74B | $1.90B | $2.16B | $2.45B | $2.76B |
Figures from Mastercard's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mastercard financials page for every line item.
Mastercard Company Profile
| Ticker | MA |
|---|---|
| Exchange | NYSE |
| Industry | Business Services (Other) (Services) |
| Headquarters | Purchase, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001141391 |
Frequently Asked Questions
What was Mastercard's revenue in fiscal 2025?
Mastercard (MA) reported revenue of $32.79B for fiscal 2025.
What is Mastercard's annual revenue history?
Mastercard's annual revenue by fiscal year: 2020: $15.30B; 2021: $18.88B; 2022: $22.24B; 2023: $25.10B; 2024: $28.17B; 2025: $32.79B.
What was Mastercard's net income in fiscal 2025?
Mastercard reported net income of $14.95B for fiscal 2025.
What was Mastercard's earnings per share (EPS) in fiscal 2025?
Mastercard's diluted EPS was $16.52 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mastercard generate in fiscal 2025?
Mastercard generated $17.16B of free cash flow in fiscal 2025.
What was Mastercard's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mastercard reported revenue of $9.28B.
How much debt does Mastercard have?
Mastercard reported $19.00B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mastercard are outstanding?
Mastercard reported a weighted average of 882.0 million basic shares outstanding in 2026 Q2.
What is Mastercard's market cap?
Based on its latest closing price, Mastercard (MA) has a market capitalization of about $534.04B.
When does Mastercard's fiscal year end?
Mastercard's fiscal year end, as registered with the SEC, is December 31.
Where is Mastercard headquartered?
Mastercard lists its business address in Purchase, New York in its SEC filings.