Mastercard (MA) financial statements
- FY2025 revenue
- $32.8B▲ +16.4%
- FY2025 net income
- $15.0B▲ +16.3%
- FY2025 diluted EPS
- $16.52▲ +18.9%
- FY2025 free cash flow
- $17.2B▲ +19.9%
Mastercard income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 32,791 | 28,167 | 25,098 |
| Operating income | 18,897 | 15,582 | 14,008 |
| Pretax income | 18,578 | 15,254 | 13,639 |
| Net income | 14,968 | 12,874 | 11,195 |
| Diluted earnings per share | 16.52 | 13.89 | 11.83 |
Mastercard balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 10,566 | 10,808 | 10,465 |
| Total assets | 54,157 | 48,081 | 42,448 |
| Total liabilities | 46,411 | 41,566 | 35,451 |
| Total equity | 7,746 | 6,515 | 6,975 |
| Long-term debt | 18,251 | 17,476 | 14,344 |
Mastercard cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 17,648 | 14,780 | 11,980 |
| Capital expenditure | -489 | -474 | -371 |
| Free cash flow (derived) | 17,159 | 14,306 | 11,609 |
| Dividends paid | -2,756 | -2,448 | -2,158 |
| Share repurchases | -11,727 | -10,954 | -9,032 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 9,807 | 9,277 | 8,398 | 8,806 |
| Operating income (derived) | 5,862 | 5,587 | 4,907 | 4,910 |
| Net income (derived) | 4,628 | 4,388 | 3,882 | 4,060 |
| Diluted earnings per share | 5.28 | 4.97 | 4.35 | n/a |
| Operating cash flow (derived) | 5,087 | 3,773 | 2,999 | 5,002 |
| Total assets | 58,149 | 57,691 | 52,449 | 54,157 |
Mastercard major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Mastercard Foundation | 7.4% | 65,234,702 | 17 April 2026 |
| Mastercard Foundation Asset Management Corp | 7.4% | 65,234,702 | 17 April 2026 |
| Vanguard Capital Management | 6.8% | 60,415,602 | 30 April 2026 |
Mastercard 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 29 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 October 2026 | 8-K | Current report | Current report |
| 30 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 30 July 2026 | 8-K | Current report | Current report |
| 17 June 2026 | 8-K | Current report | Current report |
| 8 June 2026 | 8-K | Current report | Current report |
| 2 June 2026 | 8-K | Current report | Current report |
| 7 May 2026 | 8-K | Current report | Current report |
Common questions
What was Mastercard's revenue in fiscal 2025?
Mastercard reported $32.8 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 16.4% from fiscal 2024.
What was Mastercard's net income in fiscal 2025?
Mastercard reported net income of $15.0 billion for fiscal 2025, the year ended 31 December 2025, up 16.3% from fiscal 2024. Diluted earnings per share were $16.52.
What was Mastercard's free cash flow in fiscal 2025?
Mastercard had $17.2 billion in free cash flow in fiscal 2025. Operating cash flow was $17.6 billion and capital expenditure was $489 million.
What were Mastercard's total assets at the end of fiscal 2025?
Mastercard reported total assets of $54.2 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Mastercard history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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