Company financials

Mastercard

Financials Transaction & Payment Processing Services Harrison, New York Last filing Feb 11, 2026 · FY2025

                    Revenue
                    FY2025
                
$32.8B
                    3y CAGR +13.8%
                    
                    P54
                    
                    +16.4%
                    
                    Net income
                    FY2025
                
$15.0B
                    Net margin +45.6%
                    
                    P89
                    
                    +16.3%
                    
                    Total assets
                    FY2025
                
$54.2B
                    ROA +27.6%
                    
                    P100
                    
                    +12.6%
                    
                    Operating cash flow
                    FY2025
                
$17.6B
                    FCF margin +52.3%
                    
                    P75
                    
                    +19.4%

20 yrs · FY2003–FY2025 3 gaps (2006–2004) 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $54.2B

Total liabilities $46.4B

Shareholders equity $7.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	19.5%	17.6%	20.2%
Accounts Receivable	8.5%	7.8%	9.6%
Prepaid Expenses	6.9%	6.2%	6.2%
Other Current Assets	2.2%	2.4%	2.5%
Total Current Assets	43.5%	41.0%	44.7%
Property,Plant and Equipment	4.3%	4.4%	4.9%
Goodwill	17.7%	19.1%	18.0%
Intangible Assets	10.3%	11.3%	9.6%
Deferred Tax Assets	2.9%	3.4%	3.2%
Other Noncurrent Assets	21.4%	20.7%	19.6%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	1.8%	1.9%	2.0%
Accrued Liabilities	24.5%	21.6%	20.1%
Current Portion of Long Term Debt	1.4%	1.6%	3.1%
Other Current Liabilities	4.5%	4.2%	3.8%
Total Current Liabilities	42.0%	40.0%	38.3%
Long Term Debt	33.7%	36.3%	33.8%
Deferred Tax Liabilities	0.6%	0.7%	0.9%
Other Noncurrent Liabilities	9.4%	9.5%	10.5%
Total Liabilities	85.7%	86.4%	83.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	12.8%	13.4%	13.9%
Retained Earnings	157.0%	151.6%	147.4%
Treasury Stock	153.7%	148.6%	142.4%
Accumulated Other Comprehensive Income	-1.8%	-3.0%	-2.6%
Noncontrolling Interest	0.0%	0.1%	0.1%
Total Stockholders Equity	14.3%	13.5%	16.3%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $32.8B

Operating income $18.9B

Net income $15.0B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	60.5%	58.6%	59.1%
Expenses Selling,General and Administrative	20.9%	21.2%	21.0%
Expenses Depreciation and Amortization	2.1%	1.9%	1.9%
Expenses Share Based Compensation	1.1%	1.1%	1.1%
Expenses Operating Expenses	25.7%	26.2%	26.1%
Other Income Expense Operating Income	34.9%	32.4%	33.0%
Other Income Expense Interest Income	0.6%	0.7%	0.6%
Other Income Expense Interest Expense	1.3%	1.2%	1.4%
Other Income Expense Other Income/expense	0.3%	0.0%	-0.0%
Other Income Expense Income Before Tax	34.3%	31.7%	32.1%
Income Tax Income Tax Expense	6.7%	4.9%	5.8%
net Income net Income	27.6%	26.8%	26.4%
net Income Comprehensive Income	0.8%	-0.7%	0.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.7%	1.9%	2.2%
Earnings Per Share Weighted Average Shares Diluted	1.7%	1.9%	2.2%

Cash Flow Statement

Operating, investing, and financing flows

25 accounts · 3 years

Operating cash flow $17.6B

Investing cash flow $-1.4B

Financing cash flow $-14.2B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	27.6%	26.8%	26.4%
Operating Activities Depreciation and Amortization	2.1%	1.9%	1.9%
Operating Activities Stock Based Compensation	1.1%	1.1%	1.1%
Operating Activities Deferred Income Taxes	0.1%	-1.1%	-0.6%
Operating Activities Changes In Operating Assets and Liabilities	5.1%	3.1%	3.1%
Operating Activities Other Non Cash Items	-0.3%	-0.4%	-0.1%
Operating Activities net Cash From Operating Activities	32.6%	30.7%	28.2%
Investing Activities Capital Expenditures	0.9%	1.0%	0.9%
Investing Activities Business Acquisitions	0.0%	5.2%	0.0%
Investing Activities Purchases of Investments	0.9%	1.1%	0.7%
Investing Activities Proceeds From Sale of Investments	0.4%	0.5%	0.0%
Investing Activities Other Investing Activities	-0.0%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-2.5%	-7.1%	-3.2%
Financing Activities Proceeds From Debt	2.3%	8.2%	3.7%
Financing Activities Repayment of Debt	1.4%	2.8%	0.0%
Financing Activities Repurchase of Common Stock	21.7%	22.8%	21.3%
Financing Activities Dividends Paid	5.1%	5.1%	5.1%
Financing Activities Proceeds From Stock Issuance	0.4%	0.5%	0.6%
Financing Activities Tax Withholding On Stock Based Compensation	0.5%	0.4%	0.2%
Financing Activities Other Financing Activities	-0.2%	-0.2%	0.0%
Financing Activities net Cash From Financing Activities	-26.2%	-22.5%	-22.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.6%	-0.4%	0.3%
Cash Reconciliation net Change In Cash	4.5%	0.7%	3.0%
Cash Reconciliation Cash At Beginning of Period	24.5%	22.5%	24.7%
Cash Reconciliation Cash At End of Period	24.5%	22.5%	24.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+57.6%	+55.3%	+55.8%
Net margin	+45.6%	+45.7%	+44.6%
FCF margin	+52.3%	+50.8%	+46.3%
Growth
Revenue CAGR (3y)	+13.8%	+14.3%	+17.9%
Returns
ROE	+193.5%	+198.5%	+161.6%
ROA	+27.6%	+26.8%	+26.4%
ROIC	+94.2%	+80.8%	+82.0%
Liquidity
Current ratio	1.03x	1.03x	1.17x
Quick ratio	0.67x	0.64x	0.78x
Leverage
D/E	6.00x	6.41x	5.12x
Interest coverage	27.79x	27.29x	24.36x
Efficiency
Asset turnover	0.61x	0.59x	0.59x
Cash conversion cycle	—	—	—

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Mastercard

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