MASTERCARD INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 19,000 | 71.1 |
| Stockholders' equity | 7,737 | 28.9 |
| Total capitalization | 26,737 | 100.0 |
122,530,193 shares outstanding at 27 October 2010 (cover page of the 10-Q filed 2 November 2010).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 19,000 |
| Long-term debt, noncurrent | 18,251 |
| Current maturities | 749 |
CAPITAL STOCK 12/31/25
| Treasury shares | 518,000,000 |
| Outstanding at 10/27/10 | 122,530,193 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.15 | 19.1 |
| 2024 | 2.74 | 19.7 |
| 2023 | 2.37 | 20.0 |
| 2022 | 2.04 | 20.0 |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 7389, Services-Business Services, NEC. Large accelerated filer. Principal executive office: 2000 Purchase Street, Purchase, NY 10577. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 32,791 | 28,167 | 25,098 |
| Depreciation and amortization | 1,143 | 897 | 799 |
| Operating income | 18,897 | 15,582 | 14,008 |
| Interest expense | 722 | 646 | 575 |
| Income before income taxes | 18,578 | 15,254 | 13,639 |
| Income taxes | 3,610 | 2,380 | 2,444 |
| Net income | 14,968 | 12,874 | 11,195 |
| Earned per share, diluted ($) | 16.52 | 13.89 | 11.83 |
| Dividends per share ($) | 3.15 | 2.74 | 2.37 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 10,566 | 8,442 |
| Receivables, net | 4,609 | 3,773 |
| Total current assets | 23,558 | 19,724 |
| Property, plant and equipment, net | 2,303 | 2,138 |
| Goodwill | 9,560 | 9,193 |
| Total assets | 54,157 | 48,081 |
| Total current liabilities | 22,762 | 19,220 |
| Long-term debt | 18,251 | 17,476 |
| Total liabilities | 46,411 | 41,566 |
| Stockholders' equity | 7,737 | 6,485 |
| Total liabilities and equity | 54,157 | 48,081 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 32,791 | 18,897 | 14,968 | 45.6 | 16.52 | 3.15 | 17,648 | 489 | 17,159 | 54,157 | 46,411 | 19,000 | 7,737 | 193.5 | 2.46 |
| 12/31/24 | 28,167 | 15,582 | 12,874 | 45.7 | 13.89 | 2.74 | 14,780 | 474 | 14,306 | 48,081 | 41,566 | 18,226 | 6,485 | 198.5 | 2.81 |
| 12/31/23 | 25,098 | 14,008 | 11,195 | 44.6 | 11.83 | 2.37 | 11,980 | 371 | 11,609 | 42,448 | 35,451 | 15,681 | 6,929 | 161.6 | 2.26 |
| 12/31/22 | 22,237 | 12,264 | 9,930 | 44.7 | 10.22 | 2.04 | 11,195 | 442 | 10,753 | 38,724 | 32,347 | 14,023 | 6,298 | 157.7 | 2.23 |
| 12/31/21 | 29,845 | 10,082 | 8,687 | 29.1 | 8.76 | – | 9,463 | 407 | 9,056 | 37,669 | 30,257 | 13,901 | 7,312 | 118.8 | 1.90 |
| 12/31/20 | 23,616 | 8,081 | 6,411 | 27.1 | 6.37 | – | 7,224 | 339 | 6,885 | 33,584 | 27,067 | 12,672 | 6,391 | 100.3 | 1.98 |
| 12/31/19 | 24,980 | 9,664 | 8,118 | 32.5 | 7.94 | 1.39 | 8,183 | 422 | 7,761 | 29,236 | 23,245 | 8,527 | 5,893 | 137.8 | 1.45 |
| 12/31/18 | 21,831 | 7,282 | 5,859 | 26.8 | 5.60 | 1.08 | 6,223 | 330 | 5,893 | 24,860 | 19,371 | 6,334 | 5,395 | 108.6 | 1.17 |
| 12/31/17 | 12,497 | 6,622 | 3,915 | 31.3 | 3.65 | 0.91 | 5,664 | 300 | 5,364 | 21,329 | 15,761 | 5,424 | 5,468 | 71.6 | 0.99 |
| 12/31/16 | 10,776 | 5,761 | 4,059 | 37.7 | 3.69 | 0.79 | 4,637 | 215 | 4,422 | 18,675 | 12,991 | 5,180 | 5,656 | 71.8 | 0.92 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Mastercard Inc
CIK 1141391 · EIN 13-4172551
PRINCIPAL OFFICE:
2000 Purchase Street, Purchase, NY 10577
Tel.: 9142492000
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7389 · Services-Business Services, NEC
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 11 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/11/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/13/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/11/22) · 10-K FY2020 (filed 2/12/21) · 10-K FY2019 (filed 2/14/20) · 10-K FY2018 (filed 2/13/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.