93/100BMastercard financials
Yes. Mastercard earned 16.96B USD of net income over the last twelve months, 46.7% of its revenue. It made a profit in 25 of its 27 fiscal years since 1998. Its last loss was in fiscal year 2008.
- Revenue (TTM)
- 36.29B USD
- Net income (TTM)
- 16.96B USD
- Free cash flow (TTM)
- 15.43B USD
- Cash and short-term investments
- 10.46B USD
- Total debt
- 23.94B USD
- Shareholders' equity
- 6.75B USD
Cash, debt and equity as of 30 Sept 2026.
Mastercard earnings
Revenue
EPS
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 6.12 | — | — | +15.25% | 11.01B | — | — | +12.23% | |
| Q2 FY2027 | 5.80 | — | — | +15.13% | 10.38B | — | — | +11.89% | |
| Q1 FY2027 | 5.17 | — | — | +12.36% | 9.47B | — | — | +12.74% | |
| Q4 FY2026 | 5.11 | — | — | +7.35% | 9.93B | — | — | +12.72% | |
| Q3 FY2026 | 5.17 | 5.31 | +2.71% | +21.23% | 9.66B | 9.81B | +1.50% | +14.01% | |
| Q2 FY2026 | 4.77 | 5.04 | +5.66% | +21.45% | 9.08B | 9.28B | +2.22% | +14.07% | |
| Q1 FY2026 | 4.41 | 4.60 | +4.31% | +23.32% | 8.26B | 8.40B | +1.68% | +15.83% | |
| Q4 FY2025 | 4.24 | 4.76 | +12.26% | +24.61% | 8.77B | 8.81B | +0.37% | +17.59% | |
| Q3 FY2025 | 4.32 | 4.38 | +1.39% | +12.60% | 8.53B | 8.60B | +0.79% | +16.73% | |
| Q2 FY2025 | 4.03 | 4.15 | +2.98% | +15.60% | 7.93B | 8.13B | +2.57% | +16.84% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 26.86 | — | — | +15.88% | 47.11B | — | — | +11.92% |
| FY2027 | 23.18 | — | — | +15.61% | 42.09B | — | — | +12.57% |
| FY2026 | 20.05 | — | — | +17.80% | 37.39B | — | — | +14.02% |
| FY2025 | 16.48 | 17.02 | +3.25% | +16.50% | 32.76B | 32.79B | +0.08% | +16.42% |
| FY2024 | 14.48 | 14.61 | +0.88% | +19.17% | 28.07B | 28.17B | +0.35% | +12.23% |
| FY2023 | 12.17 | 12.26 | +0.72% | +15.12% | 25.03B | 25.10B | +0.25% | +12.87% |
| FY2022 | 10.54 | 10.65 | +1.08% | +26.63% | 22.19B | 22.24B | +0.21% | +17.76% |
Mastercard growth and profitability
Full income statement- Revenue (TTM)
- 36.29B USD
- Net income (TTM)
- 16.96B USD
- Gross margin
- 100.00%
- Operating margin
- 58.60%
- Net margin
- 46.73%
Revenue / Net income
How Mastercard makes its money
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Mastercard revenue breakdown
By product
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Payment Network | 19.48B | 59.4% | +12.4% |
| Value-Added Services And Solutions | 13.32B | 40.6% | +22.9% |
By region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| International Markets | 18.75B | 57.2% | +18.7% |
| Americas | 14.04B | 42.8% | — |
Operating and free cash flow
Full cash flow statementMastercard financial health
Full balance sheet- Cash and short-term investments
- 10.46B USD
- Total debt
- 23.94B USD
- Net cash
- -13.47B USD
- Free cash flow (TTM)
- 15.43B USD
- Current ratio
- 1.01
- Debt to equity
- 3.54
- Piotroski score
- 5 / 9
- Altman Z-score
- 10.90
Cash, debt and free cash flow
Assets, liabilities and equity
Mastercard valuation
- Price to earnings ratio (TTM)
- 34.09
- Forward P/E (FY2026)
- 32.56
- Price to sales (TTM)
- 15.67
- Price to book
- 84.21
- EV / EBITDA (TTM)
- 25.30
Capital structure
Valuation over time
Mastercard against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Visa, American Express, Capital One Financial, and El Paso Energy Capital Trust I PFD CV TR SECS, the US Financial - Credit Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median34.127.348.6
- Gross marginAt its median100.0%100.0%100.0%Against its peers: 1 of 5Peers' median 63.9%
- Operating marginHighest in 5 years57.6%53.4%57.6%Against its peers: 2 of 5Peers' median 22.5%
- Net marginAt its median45.6%44.6%46.0%Against its peers: 2 of 5Peers' median 8.5%
- Return on equityAbove its median193.5%118.8%198.5%Against its peers: 1 of 5Peers' median 17.3%
- Free cash flow marginAbove its median50.1%45.8%50.8%Against its peers: 1 of 5Peers' median 28.8%
- Revenue growthAt its median16.4%12.2%23.4%Against its peers: 2 of 5Peers' median 13.5%
- EPS growthAbove its median18.9%15.6%37.5%Against its peers: 2 of 5Peers' median -27.8%
- Debt to EBITDALowest in 5 years0.92×0.92×1.21×Against its peers: 2 of 5Peers' median 5.24×
- Current ratioBelow its median1.031.031.29Against its peers: 1 of 5Peers' median 0.22
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Mastercard dividends
- Annual dividend
- 3.48 USD
- Dividend yield (indicated)
- 0.53%
- Payout ratio
- 18.17%
- Years of dividend growth
- 15
- Frequency
- Quarterly
- Last payment
- 0.87 USD
- Last ex-dividend date
- 9 Oct 2026
- Last payment date
- 9 Nov 2026
Dividends per share
Mastercard ownership
- Institutions
- 87.36%
- Institutional holders
- 3,741 (+12)
- Free float
- 99.12%
Who owns the shares
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 3 | 0.00 | 1.84K |
| Q3 2026 | 0 | 47 | 82.89K | 187.50K |
| Q2 2026 | 0 | 0 | 5.27K | 1.74K |
| Q1 2026 | 0 | 23 | 295.19K | 91.14K |
Shares outstanding
Common questions about Mastercard's financials
Source: Financial Modeling Prep