Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Mastercard Inc. Revenue & Financial Statements
Mastercard Inc. reported revenue of $32.8B for the fiscal year ended December 31, 2025, up 16.4% year over year, with net income of $15.0B and diluted EPS of $16.52.
- Company
- Mastercard Inc. MA · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 29.8B | 22.2B | 25.1B | 28.2B | 32.8B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | 10.1B | 12.3B | 14.0B | 15.6B | 18.9B |
| Pretax income | 4.3B | 4.2B | 4.5B | 6.2B | 11.9B |
| Net income | 8.7B | 9.9B | 11.2B | 12.9B | 15.0B |
| Diluted EPS | 8.76 | 10.22 | 11.83 | 13.89 | 16.52 |
| EBITDA | 10.8B | 13.0B | 14.8B | 16.5B | 20.0B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.3B | 7.0B | 7.4B | 7.5B | 7.2B | 8.1B | 8.6B | 8.8B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 3.6B | 4.0B | 4.0B | 3.9B | 4.1B | 4.8B | 5.1B | 4.9B |
| Pretax income | — | — | — | — | 4.0B | 4.7B | 5.0B | 4.9B |
| Net income | 3.0B | 3.3B | 3.3B | 3.3B | 3.3B | 3.7B | 3.9B | 4.1B |
| Diluted EPS | 3.22 | 3.50 | 3.53 | 3.64 | 3.59 | 4.07 | 4.34 | 4.52 |
| EBITDA | 3.8B | 4.3B | 4.2B | 4.2B | 4.4B | 5.1B | 5.4B | 5.2B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 37.7B | 38.7B | 42.4B | 48.1B | 54.2B |
| Current assets | 16.9B | 16.6B | 19.0B | 19.7B | 23.6B |
| Cash & equivalents | 7.4B | 7.0B | 8.6B | 8.4B | 10.6B |
| Total liabilities | 30.3B | 32.3B | 35.5B | 41.6B | 46.4B |
| Current liabilities | 13.2B | 14.2B | 16.3B | 19.2B | 22.8B |
| Long-term debt | 13.1B | 13.7B | 14.3B | 17.5B | 18.3B |
| Total debt | 13.9B | 14.0B | 15.7B | 18.2B | 19.0B |
| Stockholders’ equity | 7.3B | 6.3B | 6.9B | 6.5B | 7.7B |
| Net debt | 6.5B | 7.0B | 7.1B | 9.8B | 8.4B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 9.5B | 11.2B | 12.0B | 14.8B | 17.6B |
| Investing cash flow | (5.3B) | (1.5B) | (1.4B) | (3.4B) | (1.4B) |
| Financing cash flow | (6.6B) | (10.3B) | (9.5B) | (10.8B) | (14.2B) |
| Capital expenditure | 407.0M | 442.0M | 371.0M | 474.0M | 489.0M |
| Free cash flow | 9.1B | 10.8B | 11.6B | 14.3B | 17.2B |
| Dividends paid | 1.7B | 1.9B | 2.2B | 2.4B | 2.8B |
| Stock-based compensation | 273.0M | 295.0M | 460.0M | 526.0M | 597.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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