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Mastercard IncorporatedStock · Financials
$539.39+$16.95 (+3.24%)as of market close, Jul 2, 2026
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How Mastercard makes money

Fiscal year

How does Mastercard make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Mastercard Incorporated · FY2025 · year ended 2025-12-31
Revenue$32.8BGross profit$32.8B · 100%Cost of revenue$0 · 0%Operating income$18.9B · 58%Operating expenses$13.9B · 42%SG&A$11.3B · 35%Other opex$2.6B · 8%Pre-tax income$18.6B · 57%Other expense$319M · 1%Net income$15.0B · 46%Income tax$3.6B · 11%Payment Network$19.5B · 59%Value Added Services & Solutions$13.3B · 41%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.