MA
$622.50+0.33%
as of close, Oct 21, 2026
☾ AH $622.50 +0.33%
MA financial statements
The full income statement, balance sheet, and cash-flow statement for Mastercard Incorporated (MA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 923.8M2024-09 917.8M2024-12 911.7M2025-03 908.0M2025-06 904.0M2025-09 898.0M2025-12 891.8M2026-03 883.6M2026-06 876.0M-5.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 32.8B+16.4% | 28.2B+12.2% | 25.1B+12.9% | 22.2B-25.5% | 29.8B+26.4% | |
| 13.9B+10.4% | 12.6B+13.5% | 11.1B+11.2% | 9.97B+13.3% | 8.80B+21.9% | ||
| Selling, general & administrative | 11.3B+11.0% | 10.2B+14.2% | 8.93B+10.5% | 8.08B+14.0% | 7.09B+19.9% | |
| General & administrative | 11.3B+11.0% | 10.2B+14.2% | 8.93B+10.5% | 8.08B+14.0% | 7.09B+19.9% | |
| Amortization of intangibles | 760M+45.3% | 523M+14.4% | 457M+10.4% | 414M-2.4% | 424M+39.9% | |
| Operating income | 18.9B+21.3% | 15.6B+11.2% | 14.0B+14.2% | 12.3B+21.6% | 10.1B+24.8% | |
| Interest expense | 722M+11.8% | 646M+12.3% | 575M+22.1% | 471M+9.3% | 431M+13.4% | |
| Other non-operating income | 166M+730.0% | 20.0M+385.7% | -7.00M-130.4% | 23.0M | 0.00-100.0% | |
| Equity-method income | — | — | -61.0M+57.9% | -145M-122.5% | 645M+2050.0% | |
| Gain (loss) on equity securities | -88.0M-214.3% | -28.0M+54.1% | -61.0M+57.9% | -145M-122.5% | 645M+2050.0% | |
| Pre-tax income | 18.6B+21.8% | 15.3B+11.8% | 13.6B+16.3% | 11.7B+13.8% | 10.3B+32.8% | |
| Income tax | 3.61B+51.7% | 2.38B-2.6% | 2.44B+35.6% | 1.80B+11.2% | 1.62B+20.1% | |
| 15.0B+16.3% | 12.9B+15.0% | 11.2B+12.7% | 9.93B+14.3% | 8.69B+35.5% | ||
| Net income to non-controlling interest | 21.0M+31.3% | 16.0M+33.3% | 12.0M-7.7% | 13.0M+44.4% | 9.00M+112.3% | |
| $16.52+18.9% | $13.89+17.4% | $11.83+15.8% | $10.22+16.7% | $8.76+37.5% | ||
| EPS (basic) | $16.54+18.9% | $13.91+17.3% | $11.86+15.6% | $10.26+16.7% | $8.79+37.3% | |
| Weighted-avg shares (basic) | 905M-2.2% | 925M-2.0% | 944M-2.5% | 968M-2.0% | 988M-1.4% | |
| Weighted-avg shares (diluted) | 906M-2.3% | 927M-2.0% | 946M-2.6% | 971M-2.1% | 992M-1.4% | |
| Dividends per share | $3.15+15.0% | $2.74+15.6% | $2.37+16.2% | $2.04+16.2% | $1.76+10.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 23.6B+19.4% | 19.7B+4.0% | 19.0B+14.2% | 16.6B-2.0% | 16.9B-11.3% | ||
| Cash & equivalents | 10.6B+25.2% | 8.44B-1.7% | 8.59B+22.5% | 7.01B-5.6% | 7.42B-26.6% | |
| Accounts receivable | 4.61B+22.2% | 3.77B-7.1% | 4.06B+18.5% | 3.42B+13.9% | 3.01B+13.6% | |
| Prepaid expenses | 3.74B+25.1% | 2.99B+14.6% | 2.61B+11.3% | 2.35B+3.3% | 2.27B+20.6% | |
| Other current assets | 1.21B+6.5% | 1.14B+9.3% | 1.04B+9.1% | 954M+11.8% | 853M+18.6% | |
| 54.2B+12.6% | 48.1B+13.3% | 42.4B+9.6% | 38.7B+2.8% | 37.7B+12.2% | ||
| Property, plant & equipment | 2.30B+7.7% | 2.14B+3.7% | 2.06B+2.7% | 2.01B+5.2% | 1.91B+0.3% | |
| Operating lease right-of-use | 750M+10.1% | 681M-0.7% | 686M+1.0% | 679M+1.2% | 671M-10.3% | |
| Goodwill | 9.56B+4.0% | 9.19B+20.0% | 7.66B+1.8% | 7.52B-1.8% | 7.66B+54.5% | |
| Intangible assets | 5.55B+1.9% | 5.45B+33.5% | 4.09B+5.9% | 3.86B+5.1% | 3.67B+109.4% | |
| Deferred tax assets | 1.57B-2.9% | 1.61B+19.1% | 1.35B+17.7% | 1.15B+136.8% | 486M-1.0% | |
| Other non-current assets | 11.6B+16.6% | 9.96B+19.6% | 8.32B+9.8% | 7.58B+8.4% | 6.99B+30.4% | |
| 22.8B+18.4% | 19.2B+18.2% | 16.3B+14.8% | 14.2B+7.7% | 13.2B+11.1% | ||
| Accounts payable | 999M+7.5% | 929M+11.4% | 834M-9.9% | 926M+25.5% | 738M+40.0% | |
| Accrued liabilities | 13.3B+27.7% | 10.4B+22.0% | 8.52B+9.2% | 7.80B+17.4% | 6.64B+22.3% | |
| Deferred revenue | — | 1.87B+1.6% | 1.84B+17.7% | 1.57B-16.3% | 1.87B+10.4% | |
| Short-term & current debt | 749M-0.1% | 750M-43.9% | 1.34B+388.0% | 274M-65.4% | 792M+22.0% | |
| Current lease liability | 157M+18.0% | 133M-6.3% | 142M+1.4% | 140M+10.2% | 127M+1.6% | |
| Other current liabilities | 2.41B+18.9% | 2.03B+26.0% | 1.61B+15.2% | 1.40B+2.4% | 1.36B+11.1% | |
| 46.4B+11.7% | 41.6B+17.2% | 35.5B+9.6% | 32.3B+6.9% | 30.3B+11.8% | ||
| Long-term debt | 18.3B+4.4% | 17.5B+21.8% | 14.3B+4.3% | 13.7B+4.9% | 13.1B+9.0% | |
| Non-current lease liability | 676M+7.8% | 627M-0.9% | 633M+0.5% | 630M-2.3% | 645M-11.2% | |
| Operating lease liability (total) | 833M+9.6% | 760M-1.9% | 775M+0.6% | 770M-0.3% | 772M-9.3% | |
| Deferred tax liabilities | 307M-3.2% | 317M-14.1% | 369M-6.1% | 393M-0.5% | 395M+359.3% | |
| Other non-current liabilities | 5.09B+11.8% | 4.55B+1.8% | 4.47B+10.9% | 4.03B+12.3% | 3.59B+15.4% | |
| 7.74B+19.3% | 6.49B-6.4% | 6.93B+10.0% | 6.30B-13.9% | 7.31B+14.4% | ||
| Additional paid-in capital | 6.91B+7.2% | 6.44B+9.3% | 5.89B+11.2% | 5.30B+4.7% | 5.06B+1.6% | |
| Retained earnings | 85.0B+16.6% | 72.9B+16.5% | 62.6B+16.7% | 53.6B+17.4% | 45.6B+17.8% | |
| Treasury stock | 83.2B+16.5% | 71.4B+18.2% | 60.4B+17.7% | 51.4B+20.6% | 42.6B+16.2% | |
| Accumulated other comprehensive income | -981M+31.5% | -1.43B-30.4% | -1.10B+12.3% | -1.25B-54.9% | -809M-19.0% | |
| Non-controlling interest | 9.00M-70.0% | 30.0M-34.8% | 46.0M-20.7% | 58.0M-18.3% | 71.0M-26.8% | |
| Total equity incl. non-controlling | 7.75B+18.9% | 6.51B-6.6% | 6.97B+9.7% | 6.36B-13.9% | 7.38B+13.8% | |
| Total liabilities & equity | 54.2B+12.6% | 48.1B+13.3% | 42.4B+9.6% | 38.7B+2.8% | 37.7B+12.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 17.6B+19.4% | 14.8B+23.4% | 12.0B+7.0% | 11.2B+18.3% | 9.46B+31.0% | ||
| Depreciation & amortization | 1.14B+27.4% | 897M+12.3% | 799M+6.5% | 750M+3.3% | 726M+25.2% | |
| Intangible amortization | 760M+45.3% | 523M+14.4% | 457M+10.4% | 414M-2.4% | 424M+39.9% | |
| Share-based compensation | 597M+13.5% | 526M+14.3% | 460M+55.9% | 295M+8.1% | 273M+7.5% | |
| Deferred income taxes | 57.0M+110.8% | -527M-123.3% | -236M+63.7% | -651M-843.5% | -69.0M-194.5% | |
| Change in receivables | 642M+445.2% | -186M-134.1% | 546M+13.5% | 481M+21.2% | 397M+361.6% | |
| Change in payables | 45.0M-40.0% | 75.0M+175.8% | -99.0M-152.1% | 190M+90.0% | 100M+284.6% | |
| -1.36B+60.0% | -3.40B-151.8% | -1.35B+8.1% | -1.47B+72.1% | -5.27B-180.6% | ||
| Capital expenditure | 489M+3.2% | 474M+27.8% | 371M-16.1% | 442M+8.6% | 407M+20.1% | |
| Free cash flow | 17.2B+19.9% | 14.3B+23.2% | 11.6B+8.0% | 10.8B+18.7% | 9.06B+31.5% | |
| Acquisitions | 0.00-100.0% | 2.51B | 0.00-100.0% | 313M-92.9% | 4.44B+348.5% | |
| Sales/maturities of investments | 232M-11.5% | 262M+37.2% | 191M-9.5% | 211M-27.5% | 291M+107.9% | |
| Other investing activities | -2.00M-166.7% | 3.00M-50.0% | 6.00M+100.0% | 3.00M+109.1% | -33.0M-1000.0% | |
| -14.2B-30.9% | -10.8B-14.2% | -9.49B+8.1% | -10.3B-57.6% | -6.55B-204.6% | ||
| Long-term debt issued | 1.24B-68.6% | 3.96B+154.8% | 1.55B+38.4% | 1.12B-44.5% | 2.02B-48.9% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 11.7B+7.1% | 11.0B+21.3% | 9.03B+3.2% | 8.75B+48.3% | 5.90B+32.0% | |
| Dividends paid | 2.76B+12.6% | 2.45B+13.4% | 2.16B+13.4% | 1.90B+9.3% | 1.74B+8.5% | |
| Other financing activities | -100M+3.8% | -104M | 0.00+100.0% | -20.0M-33.3% | -15.0M-121.7% | |
| FX effect on cash | 333M+267.3% | -199M-255.5% | 128M+224.3% | -103M+32.7% | -153M-159.5% | |
| Net change in cash | 2.44B+611.4% | 343M-73.0% | 1.27B+279.7% | -706M+72.0% | -2.52B-173.0% | |
| Interest paid | — | 571M+19.7% | 477M+15.2% | 414M+3.8% | 399M+28.3% | |
| Income taxes paid | 3.02B-7.1% | 3.25B+18.4% | 2.75B+9.6% | 2.51B+37.7% | 1.82B+34.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 509B+6.0% | 480B+20.0% | 400B+19.6% | 334B-4.8% | 351B-0.9% | |
| P/E | 34.0×-8.8% | 37.3×+1.9% | 36.6×+7.1% | 34.2×-15.5% | 40.4×-26.9% | |
| P/S | 15.5×-8.9% | 17.0×-5.2% | 18.0×+84.4% | 9.8×-17.1% | 11.8×-21.6% | |
| P/B | 65.8×-11.1% | 74.0×+16.8% | 63.4×+20.6% | 52.6×+9.4% | 48.0×-13.4% | |
| P/FCF | 29.7×-11.6% | 33.6×-11.7% | 38.0×+23.3% | 30.8×-20.6% | 38.8×-24.7% | |
| Earnings yield | 2.9%+9.6% | 2.7%-1.9% | 2.7%-6.6% | 2.9%+18.3% | 2.5%+36.8% | |
| FCF yield | 3.4%+13.1% | 3.0%+13.2% | 2.6%-18.9% | 3.2%+25.9% | 2.6%+32.8% | |
| Dividend yield | 0.55%+6.0% | 0.52%-6.4% | 0.56%-5.3% | 0.59%+20.1% | 0.49%+9.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MA filings on SEC EDGAR → Not investment advice.