Mastercard Incorporated (MA) — Financial statements
Income statement, balance sheet, and cash flow for Mastercard Incorporated — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 32,791↑16.4% | 28,167↑12.2% | 25,098↑12.9% | 22,237↑17.8% | 18,884 | |
| Cost of Revenue | 5,433↓18.6% | 6,673↑10.8% | 6,022↑14.4% | 5,263↑17.2% | 4,489 | |
| Gross Profit | 27,358↑27.3% | 21,494↑12.7% | 19,076↑12.4% | 16,974↑17.9% | 14,395 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 6,216↑79.9% | 3,455↑22.4% | 2,822↑4.0% | 2,713↑6.5% | 2,547 | |
| Selling & Marketing Expenses | 929↑14.0% | 815↓1.2% | 825↑4.6% | 789↓11.8% | 895 | |
| SG&A Expenses | 7,145↑67.3% | 4,270↑17.1% | 3,647↑4.1% | 3,502↑1.7% | 3,442 | |
| Other Expenses | 812↓50.5% | 1,642↑15.6% | 1,421↑17.6% | 1,208↑38.7% | 871 | |
| Operating Expenses | 7,957↑34.6% | 5,912↑16.7% | 5,068↑7.6% | 4,710↑9.2% | 4,313 | |
| Total Costs & Expenses | 13,390↑6.4% | 12,585↑13.5% | 11,090↑11.2% | 9,973↑13.3% | 8,802 | |
| Operating Results | ||||||
| Operating Income | 19,401↑24.5% | 15,582↑11.2% | 14,008↑14.2% | 12,264↑21.6% | 10,082 | |
| Depreciation & Amortization | 1,143↑27.4% | 897↑12.3% | 799↑6.5% | 750↑3.3% | 726 | |
| EBITDA | 20,194↑20.2% | 16,797↑11.9% | 15,013↑15.9% | 12,953↑13.0% | 11,464 | |
| EBIT | 19,051↑19.8% | 15,900↑11.9% | 14,214↑16.5% | 12,203↑13.6% | 10,738 | |
| Interest & Other Income | ||||||
| Net Interest Income | -722↓11.8% | -646↓12.3% | -575↓22.1% | -471↓9.3% | -431 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 722↑11.8% | 646↑12.3% | 575↑22.1% | 471↑9.3% | 431 | |
| Non-Operating Income | 356↑211.9% | -318↓54.4% | -206↓437.7% | 61↑109.3% | -656 | |
| Other Income / Expenses | -823↓150.9% | -328↑11.1% | -369↑30.6% | -532↓336.4% | 225 | |
| Income Before Tax | 18,578↑21.8% | 15,254↑11.8% | 13,639↑16.3% | 11,732↑13.8% | 10,307 | |
| Income Tax Expense | 3,610↑51.7% | 2,380↓2.6% | 2,444↑35.6% | 1,802↑11.2% | 1,620 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 14,968↑16.3% | 12,874↑15.0% | 11,195↑12.7% | 9,930↑14.3% | 8,687 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 14,968↑16.3% | 12,874↑15.0% | 11,195↑12.7% | 9,930↑14.3% | 8,687 | |
| Bottom-Line Net Income | 14,968↑16.3% | 12,874↑15.0% | 11,195↑12.7% | 9,930↑14.3% | 8,687 | |
| EPS (Basic) | 16.55↑18.9% | 13.92↑17.4% | 11.86↑15.6% | 10.26↑16.7% | 8.79 | |
| EPS (Diluted) | 16.52↑18.9% | 13.89↑17.4% | 11.83↑15.6% | 10.23↑16.8% | 8.76 | |
| Weighted Average Shares | 897↓3.0% | 925↓2.0% | 944↓2.5% | 968↓2.0% | 988 | |
| Weighted Average Diluted Shares | 898↓3.1% | 927↓2.0% | 946↓2.6% | 971↓2.1% | 992 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.