Mastercard Income Statement

MA / Financials|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

At a glance

Revenue

$32.8B

FY2025

Gross Profit

N/A

FY2025

Operating Income

$18.9B

FY2025

Net Income

$15.0B

FY2025

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Mastercard reported $32.8B in revenue and $15.0B in net income for FY2025. Revenue has grown at a 12.0% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score NaN (distress zone, below 1.23 threshold)
Cash-backed earnings: Operating cash flow exceeds net income
High leverage: Debt-to-equity ratio of 2.36
Profit margin: 45.6% of revenue retained as profit

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$32.8B	$28.2B	$25.1B	$22.2B	$18.9B	$15.3B	$16.9B	$14.9B	$12.5B	$2.4B	$9.7B	$2.2B	$8.3B	$7.4B	$6.7B
SG&A Expense	$11.3B	$10.2B	$8.9B	$8.1B	$7.1B	$5.9B	$5.8B	$5.2B	$4.7B	$3.7B	$3.3B	$3.2B	$2.6B	$2.4B	$2.2B
Operating Income	$18.9B	$15.6B	$14.0B	$12.3B	$10.1B	$8.1B	$9.7B	$7.3B	$6.6B	$1.3B	$5.1B	$5.1B	$4.5B	$3.9B	$2.7B
Interest Expense	$680.0M	$571.0M	$575.0M	$471.0M	$431.0M	$380.0M	$224.0M	$186.0M	$154.0M	$95.0M	$61.0M	$48.0M	$14.0M	$20.0M	$25.0M
Income Tax	$3.6B	$2.4B	$2.4B	$1.8B	$1.6B	$1.3B	$1.6B	$1.3B	$2.6B	$1.6B	$1.1B	$1.5B	$1.4B	$1.2B	$842.0M
Net Income	$15.0B	$12.9B	$11.2B	$9.9B	$8.7B	$6.4B	$8.1B	$5.9B	$3.9B	$959.0M	$3.8B	$3.6B	$766.0M	$2.8B	$1.9B
EPS (Basic)	$11.86	$10.26	$8.79	$6.40	$7.98	$5.63	$3.67	$5.63	$3.67	$3.11	$3.36	$2.20	$1.49	$14.10	$11.19
EPS (Diluted)	$11.83	$10.22	$8.76	$6.37	$7.94	$5.60	$3.65	$5.60	$3.65	$3.10	$3.35	$2.19	$1.48	$14.05	$11.16
Shares Outstanding	946.0M	971.0M	992.0M	1.0B	1.0B	1.0B	1.1B	1.0B	1.1B	1.2B	1.1B	1.3B	1.3B	131.0M	130.0M
Operating Margin	57.6%	55.3%	55.8%	55.1%	53.4%	52.8%	57.2%	48.7%	53.0%	55.1%	52.5%	234.5%	53.9%	53.3%	40.4%
Profit Margin	45.6%	45.7%	44.6%	44.7%	46.0%	41.9%	48.1%	39.2%	31.3%	39.2%	39.4%	166.2%	9.2%	37.3%	28.4%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Mastercard Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$32.8B

$28.2B

$25.1B

$22.2B

$18.9B

$15.3B

$16.9B

$14.9B

$12.5B

$2.4B

$9.7B

$2.2B

$8.3B

$7.4B

$6.7B

SG&A Expense

$11.3B

$10.2B

$8.9B

$8.1B

$7.1B

$5.9B

$5.8B

$5.2B

$4.7B

$3.7B

$3.3B

$3.2B

$2.6B

$2.4B

$2.2B

Operating Income

$18.9B

$15.6B

$14.0B

$12.3B

$10.1B

$8.1B

$9.7B

$7.3B

$6.6B

$1.3B

$5.1B

$4.5B

$3.9B

$2.7B

Interest Expense

$680.0M

$571.0M

$575.0M

$471.0M

$431.0M

$380.0M

$224.0M

$186.0M

$154.0M

$95.0M

$61.0M

$48.0M

$14.0M

$20.0M

$25.0M

Income Tax

$3.6B

$2.4B

$1.8B

$1.6B

$1.3B

$1.6B

$1.3B

$2.6B

$1.6B

$1.1B

$1.5B

$1.4B

$1.2B

$842.0M

Net Income

$15.0B

$12.9B

$11.2B

$9.9B

$8.7B

$6.4B

$8.1B

$5.9B

$3.9B

$959.0M

$3.8B

$3.6B

$766.0M

$2.8B

$1.9B

EPS (Basic)

$11.86

$10.26

$8.79

$6.40

$7.98

$5.63

$3.67

$5.63

$3.67

$3.11

$3.36

$2.20

$1.49

$14.10

$11.19

EPS (Diluted)

$11.83

$10.22

$8.76

$6.37

$7.94

$5.60

$3.65

$5.60

$3.65

$3.10

$3.35

$2.19

$1.48

$14.05

$11.16

Shares Outstanding

946.0M

971.0M

992.0M

1.0B

1.1B

1.0B

1.1B

1.2B

1.1B

1.3B

131.0M

130.0M

Operating Margin

57.6%

55.3%

55.8%

55.1%

53.4%

52.8%

57.2%

48.7%

53.0%

55.1%

52.5%

234.5%

53.9%

53.3%

40.4%

Profit Margin

45.6%

45.7%

44.6%

44.7%

46.0%

41.9%

48.1%

39.2%

31.3%

39.2%

39.4%

166.2%

9.2%

37.3%

28.4%