M 
Mastercard MA · USD
Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500
652.70
-0.49%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$32.79bn
FY2016FY2025
Net income
$14.97bn
FY2016FY2025
Free cash flow
$16.91bn
FY2016FY2025
Shareholders' equity
$7.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.79bn | $28.17bn | $25.10bn | $22.24bn | $18.88bn | $15.30bn | $16.88bn | $14.95bn | $12.50bn | $10.78bn |
| Gross profit | $25.54bn | $21.49bn | $19.08bn | $16.97bn | $14.39bn | $11.51bn | $13.35bn | $11.74bn | $9.81bn | $8.55bn |
| Operating income | $19.51bn | $15.58bn | $14.01bn | $12.26bn | $10.51bn | $8.08bn | $9.89bn | $7.28bn | $6.62bn | $5.76bn |
| Net income | $14.97bn | $12.87bn | $11.20bn | $9.93bn | $8.69bn | $6.41bn | $8.12bn | $5.86bn | $3.92bn | $4.06bn |
| Diluted earnings per share | 16.67 | 14.01 | 11.92 | 10.31 | 8.81 | 6.40 | 8.01 | 5.64 | 3.68 | 3.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $54.16bn | $48.08bn | $42.45bn | $38.72bn | $37.67bn | $33.58bn | $29.24bn | $24.86bn | $21.33bn | $18.68bn |
| Cash and short-term investments | $10.90bn | $8.77bn | $9.18bn | $7.41bn | $7.89bn | $10.60bn | $7.68bn | $8.38bn | $7.78bn | $8.34bn |
| Total liabilities | $46.41bn | $41.57bn | $35.45bn | $32.35bn | $30.26bn | $27.07bn | $23.25bn | $19.37bn | $15.76bn | $12.99bn |
| Debt | $19.00bn | $18.23bn | $15.68bn | $14.02bn | $13.90bn | $12.67bn | $8.53bn | $6.33bn | $5.42bn | $5.18bn |
| Shareholders' equity | $7.74bn | $6.49bn | $6.93bn | $6.30bn | $7.31bn | $6.39bn | $5.99bn | $5.39bn | $5.57bn | $5.68bn |
| Shares outstanding | 898m | 919m | 939m | 963m | 986m | 1,001m | 1,013m | 1,038m | 1,063m | 1,090m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $17.40bn | $14.78bn | $11.98bn | $11.20bn | $9.46bn | $7.22bn | $8.18bn | $6.22bn | $5.55bn | $4.48bn |
| Capital spending | −$489.0m | −$474.0m | −$371.0m | −$1.10bn | −$814.0m | −$708.0m | −$728.0m | −$504.0m | −$423.0m | −$382.0m |
| Free cash flow | $16.91bn | $14.31bn | $11.61bn | $10.10bn | $8.65bn | $6.52bn | $7.46bn | $5.72bn | $5.13bn | $4.10bn |
| Dividends paid | −$2.76bn | −$2.45bn | −$2.16bn | −$1.90bn | −$1.74bn | −$1.60bn | −$1.34bn | −$1.04bn | −$942.0m | −$837.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.28bn | $8.40bn | $8.81bn | $8.60bn | $8.13bn | $7.25bn | $7.49bn | $7.37bn |
| Gross profit | $8.97bn | $6.36bn | $6.99bn | $6.71bn | $6.28bn | $5.56bn | $5.84bn | $5.47bn |
| Operating income | $5.59bn | $4.96bn | $5.13bn | $5.17bn | $4.78bn | $4.15bn | $3.94bn | $4.00bn |
| Net income | $4.39bn | $3.88bn | $4.06bn | $3.93bn | $3.70bn | $3.28bn | $3.34bn | $3.26bn |
| Diluted earnings per share | 4.97 | 4.40 | 4.52 | 4.37 | 4.12 | 3.65 | 3.64 | 3.55 |
| Cash from operations | $3.77bn | $3.00bn | $4.93bn | $5.66bn | $4.60bn | $2.38bn | $4.83bn | $5.14bn |
| Capital spending | −$478.0m | −$154.0m | −$112.0m | −$178.0m | −$40.0m | −$159.0m | −$250.0m | −$270.0m |
| Free cash flow | $3.29bn | $2.85bn | $4.82bn | $5.49bn | $4.56bn | $2.22bn | $4.58bn | $4.87bn |
| Total assets | $57.69bn | $52.45bn | $54.16bn | $53.29bn | $51.43bn | $48.47bn | $48.08bn | $47.24bn |
| Cash and short-term investments | $11.61bn | $8.22bn | $10.90bn | $10.65bn | $9.37bn | $7.89bn | $8.77bn | $11.40bn |
| Debt | $24.64bn | $18.96bn | $19.00bn | $18.98bn | $18.97bn | $18.80bn | $18.23bn | $18.36bn |
| Shareholders' equity | $5.61bn | $6.72bn | $7.74bn | $7.90bn | $7.85bn | $6.67bn | $6.49bn | $7.44bn |
Financial ratios
Data as of 1 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 59.5% | 58.0% | 58.3% | 57.2% | 55.7% | 52.8% |
| Net margin | 45.6% | 45.7% | 44.6% | 44.7% | 46.0% | 41.9% |
| Return on equity | 193.5% | 198.5% | 161.6% | 157.7% | 118.8% | 100.3% |
| Return on assets | 27.6% | 26.8% | 26.4% | 25.6% | 23.1% | 19.1% |
| Free cash flow yield | 3.4% | 2.8% | 2.2% | 2.2% | 1.8% | 1.3% |
| Revenue growth | 16.4% | 12.2% | 12.9% | 17.8% | 23.4% | -9.4% |
| Earnings growth | 16.3% | 15.0% | 12.7% | 14.3% | 35.5% | -21.0% |
| Current ratio | 1.03x | 1.03x | 1.17x | 1.17x | 1.29x | 1.61x |
| Debt to equity | 2.46x | 2.81x | 2.26x | 2.23x | 1.90x | 1.98x |
| Equity ratio | 14.3% | 13.5% | 16.3% | 16.3% | 19.4% | 19.0% |
| Interest coverage | 27.03x | 25.27x | 25.44x | 27.01x | 24.39x | 21.27x |
| Buybacks as a share of market value | 2.3% | 2.1% | 2.5% | 2.3% | 1.5% | 1.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.8% | 16.5% | 13.0% |
| Operating income | 16.7% | 19.3% | 14.4% |
| Net income | 14.7% | 18.5% | 14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.2% | 76.7% | 76.5% | 77.2% |
| Operating margin | 57.6% | 56.7% | 56.1% | 55.3% |
| Net margin | 45.7% | 45.2% | 45.0% | 43.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.3 | 37.6 | 35.8 | 33.7 | 40.8 | 55.7 | 37.3 | 33.4 | 41.1 | 27.7 |
| Price to sales | 15.6 | 17.2 | 16.0 | 15.1 | 18.8 | 23.4 | 17.9 | 13.1 | 12.9 | 10.4 |
Market value over time
30 Sept 2016 to 31 Aug 2026, in USD
$111.85bn$520.36bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 9% | 22% | 25% | 1% | 1% | 12% | 63% | 21% | 45% | 10% |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 9 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.61 | 3.15 | 3.50 | 2.94 | 2.04 | 1.81 | 1.64 | 1.39 |
- 10-for-1 split · 22 Jan 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.