Mastercard

MA · NYSE · USD

$552.26+0.41%+$2.26

Close · October 2, 2026

At a glance

Revenue growth: +16.42%; 2025 vs 2024
Net income growth: +16.27%; 2025 vs 2024
Net margin: 45.6%; 2024: 45.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	32,791	28,167	25,098	22,237	18,884	15,301	16,883	14,950	12,497	10,776
Cost of revenue	7,251	6,673	6,022	5,263	—	—	—	—	—	—
Gross profit	32,791	28,167	25,098	22,237	18,884	15,301	16,883	14,950	12,497	10,776
Selling, general and administrative	12,247	10,818	9,752	8,800	7,890	6,559	6,694	6,073	5,252	4,526
Operating income	19,401	16,452	14,547	12,687	10,268	8,162	9,667	8,418	6,809	5,877
EBIT	19,401	16,452	14,547	12,687	10,268	8,162	9,667	8,418	6,809	5,877
EBITDA	20,544	17,349	15,346	13,437	10,994	8,742	10,189	8,877	7,246	6,250
Interest expense	722	646	575	471	431	380	224	186	154	95.0
Pre-tax income	18,578	15,254	13,639	11,732	10,307	7,760	9,731	7,204	6,522	5,646
Income tax	3,610	2,380	2,444	1,802	1,620	1,349	1,613	1,345	2,607	1,587
Net income	14,968	12,874	11,195	9,930	8,687	6,411	8,118	5,859	3,915	4,059
Net income to common shareholders	14,968	12,874	11,195	9,930	8,687	6,411	8,118	5,859	3,915	4,059
Basic EPS	16.54	13.92	11.86	10.26	8.79	6.40	7.98	5.63	3.67	3.70
Diluted EPS	16.52	13.89	11.83	10.22	8.76	6.37	7.94	5.60	3.65	3.69
Average shares (basic)	905	925	944	968	988	1,002	1,017	1,041	1,067	1,098
Average shares (diluted)	906	927	946	971	992	1,006	1,022	1,047	1,072	1,101
Dividend per share	3.15	2.74	2.37	2.04	1.81	1.64	1.39	1.08	0.91	0.79