Mastercard Incorporated (MA) Financial Statements & Analysis

Mastercard Incorporated (MA) Income Statement

Mastercard Incorporated reported revenue of $32.79B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 16.4% from $28.17B a year earlier. Net income was $14.97B, up 16.3% year over year, a net margin of 45.6%. Gross margin was 77.9% and operating margin 59.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $9.28B, up 14.1% from the same quarter a year earlier.

Mastercard Incorporated Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Mastercard Incorporated income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	32.79	28.17	25.10	22.24	18.88	15.30	16.88	14.95	12.50
Cost of Revenue	7.25	6.67	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	25.54	28.17	25.10	22.24	18.88	15.30	16.88	14.95	12.50
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	4.88	10.82	9.67	8.77	7.89	6.56	6.67	6.12	5.32
Operating Expenses	6.03	12.59	10.47	9.52	8.80	7.22	7.22	7.67	5.88
Operating Income	19.51	15.58	14.63	12.72	10.08	8.08	9.66	7.28	6.62
Other Income/Expense
Interest Income	0.33	0.33	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Interest Expense	0.72	-0.65	0.58	0.47	-0.43	0.38	0.22	0.19	0.15
Other Income/Expense	-0.21	-0.33	-0.99	-0.99	0.23	-0.32	0.07	-0.08	-0.10
Income
Income Before Tax	18.58	15.25	13.64	11.73	10.31	7.76	9.73	7.20	6.52
Income Tax Expense	3.61	2.38	2.44	1.80	1.62	1.35	1.61	1.35	2.61
Net Income	14.97	12.87	11.20	9.93	8.69	6.41	8.12	5.86	3.92
Net Income - Continuous Operations	14.97	12.87	11.20	9.93	8.69	6.41	8.12	5.86	3.92
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	20.44	17.35	15.01	12.95	10.99	8.72	10.48	7.85	7.11
EBIT	19.30	16.45	14.21	12.69	10.27	-	-	-	-
Depreciation & Amortization	1.14	0.90	0.80	0.75	0.73	0.58	0.52	0.46	0.44
Earnings Per Share
Basic EPS	17.00	14.00	12.00	10.00	9.00	6.00	8.00	6.00	4.00
Diluted EPS	17.00	14.00	12.00	10.00	9.00	6.00	8.00	6.00	4.00
Basic Shares Outstanding	0.91	0.93	0.94	0.97	0.99	1.00	1.02	1.04	1.07
Diluted Shares Outstanding	0.91	0.93	0.95	0.97	0.99	1.01	1.02	1.05	1.07

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Mastercard Incorporated Financial Statements

What was Mastercard Incorporated's revenue in fiscal 2025?

Mastercard Incorporated reported revenue of $32.79B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 16.4% from $28.17B a year earlier.

Is Mastercard Incorporated profitable?

Yes. Mastercard Incorporated earned net income of $14.97B in fiscal 2025, a net margin of 45.6%. In fiscal 2024 it earned $12.87B.

What is Mastercard Incorporated's operating margin?

Mastercard Incorporated's operating income was $19.51B on revenue of $32.79B in fiscal 2025, an operating margin of 59.5%, compared with 55.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition