Mastercard Incorporated (MA)

MA Income Statement

Revenue, expenses, and profitability analysis

MA Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	28.157B	6.361B	8.806B	6.709B	6.281B	5.562B	5.836B	5.470B	5.354B
Revenue	33.939B	8.398B	8.806B	8.602B	8.133B	7.250B	7.489B	7.369B	6.961B
Cost of Goods Sold	5.782B	2.037B	0.00	1.893B	1.852B	1.688B	1.653B	1.899B	1.607B
Gross Profit Margin	75.7%	75.7%	100.0%	78.0%	77.2%	76.7%	77.9%	74.2%	76.9%
Total Operating Expenses	7.998B	1.454B	3.392B	1.648B	1.504B	1.413B	1.898B	1.466B	1.318B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	7.613B	1.454B	3.425B	1.648B	1.086B	986.000M	1.371B	1.049B	990.000M
Operating Income (EBIT)	20.159B	4.907B	5.414B	5.061B	4.777B	4.149B	3.938B	4.004B	4.036B
Operating Margin	58.4%	58.4%	61.5%	58.8%	58.7%	57.2%	52.6%	54.3%	58.0%
Income Before Tax (EBT)	19.359B	4.812B	4.876B	4.999B	4.672B	4.031B	3.891B	3.866B	3.939B
Interest Income	81.000M	81.000M	—	—	—	—	—	—	—
Interest Expense	725.000M	185.000M	159.000M	186.000M	195.000M	182.000M	184.000M	159.000M	153.000M
Other Income/Expense	-800.000M	-95.000M	-538.000M	-62.000M	-105.000M	-118.000M	-47.000M	-138.000M	-97.000M
Net Income	15.570B	3.882B	4.060B	3.927B	3.701B	3.280B	3.342B	3.263B	3.258B
Income Tax Expense	3.789B	930.000M	816.000M	1.072B	971.000M	751.000M	549.000M	603.000M	681.000M
Net Profit Margin	46.2%	46.2%	46.1%	45.7%	45.5%	45.2%	44.6%	44.3%	46.8%
EBITDA	21.233B	5.527B	5.207B	5.351B	5.148B	4.488B	4.306B	4.250B	4.317B
EBITDA Margin	65.8%	65.8%	59.1%	62.2%	63.3%	61.9%	57.5%	57.7%	62.0%
Depreciation & Amortization	1.488B	620.000M	297.000M	290.000M	281.000M	275.000M	231.000M	225.000M	225.000M
EPS Basic	17.30	4.35	4.53	4.35	4.07	3.60	3.64	3.54	3.51
EPS Diluted	17.28	4.35	4.52	4.34	4.07	3.59	3.64	3.53	3.50
Shares Outstanding	891.000M	891.000M	897.000M	903.000M	908.000M	912.000M	917.000M	923.000M	929.000M
Diluted Shares Outstanding	893.000M	893.000M	898.000M	905.000M	909.000M	914.000M	919.000M	925.000M	930.000M

MA Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	27.358B	21.494B	19.076B	16.974B	14.395B	11.514B	13.346B	11.736B
Revenue	32.791B	28.167B	25.098B	22.237B	18.884B	15.301B	16.883B	14.950B
Cost of Goods Sold	5.433B	6.673B	6.022B	5.263B	4.489B	3.787B	3.537B	3.214B
Gross Profit Margin	83.4%	76.3%	76.0%	76.3%	76.2%	75.2%	79.0%	78.5%
Total Operating Expenses	7.957B	5.912B	5.068B	4.710B	4.313B	3.433B	3.682B	4.454B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	7.145B	4.270B	3.647B	3.502B	3.442B	2.771B	3.128B	2.903B
Operating Income (EBIT)	19.401B	15.582B	14.008B	12.264B	10.082B	8.081B	9.664B	7.282B
Operating Margin	59.2%	55.3%	55.8%	55.2%	53.4%	52.8%	57.2%	48.7%
Income Before Tax (EBT)	18.578B	15.254B	13.639B	11.732B	10.307B	7.760B	9.731B	7.204B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	722.000M	646.000M	575.000M	471.000M	431.000M	380.000M	224.000M	186.000M
Other Income/Expense	-823.000M	-328.000M	-369.000M	-532.000M	225.000M	-321.000M	67.000M	-78.000M
Net Income	14.968B	12.874B	11.195B	9.930B	8.687B	6.411B	8.118B	5.859B
Income Tax Expense	3.610B	2.380B	2.444B	1.802B	1.620B	1.349B	1.613B	1.345B
Net Profit Margin	45.6%	45.7%	44.6%	44.7%	46.0%	41.9%	48.1%	39.2%
EBITDA	20.194B	16.797B	15.013B	12.953B	11.464B	8.720B	10.477B	7.849B
EBITDA Margin	61.6%	59.6%	59.8%	58.2%	60.7%	57.0%	62.1%	52.5%
Depreciation & Amortization	1.143B	897.000M	799.000M	750.000M	726.000M	580.000M	522.000M	459.000M
EPS Basic	16.55	13.92	11.86	10.26	8.79	6.40	7.98	5.63
EPS Diluted	16.52	13.89	11.83	10.23	8.76	6.37	7.94	5.60
Shares Outstanding	897.000M	925.000M	944.000M	968.000M	988.000M	1.002B	1.017B	1.041B
Diluted Shares Outstanding	898.000M	927.000M	946.000M	971.000M	992.000M	1.006B	1.022B	1.047B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Mastercard Incorporated

Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.

Purchase, NY

35,300 employees

www.mastercard.com

Financial Services / Financial - Credit Services

Sector: Financial Services
Industry: Financial - Credit Services
CEO: Michael Miebach

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