Mastercard Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.50B | $28.10B | $25.10B | $22.24B | $18.89B | $15.30B | $16.89B | $14.95B |
| Domestic Assessments | $11.75B | $10.60B | $9.62B | $8.84B | $7.96B | $6.68B | $6.87B | $6.14B |
| Cross-Border Volume Fees | $9.90B | $8.85B | $7.82B | $6.59B | $4.70B | $3.72B | $5.12B | $4.55B |
| Transaction Processing Fees | $17.40B | $15.70B | $14.11B | $12.61B | $10.84B | $8.98B | $8.94B | $7.95B |
| Other Revenues | $7.90B | $6.80B | $5.79B | $5.01B | $4.35B | $3.22B | $2.85B | $2.24B |
| Rebates and Incentives | $-15.45B | $-13.85B | $-12.23B | $-10.80B | $-8.97B | $-7.30B | $-6.89B | $-5.93B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.32B | $10.19B | $8.93B | $8.08B | $7.09B | $5.91B | $5.76B | $5.17B |
| Operating Income | $18.90B | $15.58B | $14.01B | $12.26B | $10.08B | $8.08B | $9.66B | $7.28B |
| Operating Margin | 60.0% | 55.5% | 55.8% | 55.1% | 53.4% | 52.8% | 57.2% | 48.7% |
| Interest Expense | $680.0M | $571.0M | $575.0M | $471.0M | $431.0M | $380.0M | $224.0M | $186.0M |
| Pretax Income | $18.58B | $15.25B | $13.64B | $11.73B | $10.31B | $7.76B | $9.73B | $7.20B |
| Income Tax Expense | $3.61B | $2.38B | $2.44B | $1.80B | $1.62B | $1.35B | $1.61B | $1.35B |
| Net Income | $14.97B | $12.87B | $11.20B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B |
| Net Margin | 47.5% | 45.8% | 44.6% | 44.6% | 46.0% | 41.9% | 48.1% | 39.2% |
| EPS (Basic) | $16.54 | $13.91 | $11.86 | $10.26 | $8.79 | $6.40 | $7.98 | $5.63 |
| EPS (Diluted) | $16.52 | $13.89 | $11.83 | $10.22 | $8.76 | $6.37 | $7.94 | $5.60 |
| Shares Outstanding (Basic) | 905.0M | 925.0M | 944.0M | 968.0M | 988.0M | 1.00B | 1.02B | 1.04B |
| Shares Outstanding (Diluted) | 906.0M | 927.0M | 946.0M | 971.0M | 992.0M | 1.01B | 1.02B | 1.05B |
| Dividends Per Share | $3.15 | $2.74 | $2.37 | $2.04 | — | — | $1.39 | $1.08 |