Mastercard operating income 1998–2026
Mastercard's operating income in Q3 FY2026, the three months to 30 September 2026, was 5.86B USD, up 15.8% on the same quarter a year before. Mastercard's operating income over the last twelve months was 21.27B USD, up 18.6% on the twelve months before. In fiscal year 2025 it was 18.90B USD, up 21.3% on the year before.
Last updated 3 Nov 2026 · Next report 28 Jan 2027
Operating income
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 21.27B | +18.64% | 58.60% | 36.29B | 100.00% | 23.01B |
| FY2025 | 31 Dec 2025 | 18.90B | +21.27% | 57.63% | 32.79B | 100.00% | 20.54B |
| FY2024 | 31 Dec 2024 | 15.58B | +11.24% | 55.32% | 28.17B | 100.00% | 16.80B |
| FY2023 | 31 Dec 2023 | 14.01B | +14.22% | 55.81% | 25.10B | 100.00% | 15.01B |
| FY2022 | 31 Dec 2022 | 12.26B | +21.64% | 55.15% | 22.24B | 100.00% | 12.95B |
| FY2021 | 31 Dec 2021 | 10.08B | +24.76% | 53.39% | 18.88B | 100.00% | 11.46B |
| FY2020 | 31 Dec 2020 | 8.08B | -16.38% | 52.81% | 15.30B | 100.00% | 8.72B |
| FY2019 | 31 Dec 2019 | 9.66B | +32.71% | 57.24% | 16.88B | 100.00% | 10.48B |
| FY2018 | 31 Dec 2018 | 7.28B | +9.97% | 48.71% | 14.95B | 100.00% | 7.85B |
| FY2017 | 31 Dec 2017 | 6.62B | +14.95% | 52.99% | 12.50B | 100.00% | 7.11B |
| FY2016 | 31 Dec 2016 | 5.76B | +13.45% | 53.46% | 10.78B | 100.00% | 6.11B |
| FY2015 | 31 Dec 2015 | 5.08B | -0.55% | 52.53% | 9.67B | 100.00% | 5.39B |
| FY2014 | 31 Dec 2014 | 5.11B | +13.39% | 54.08% | 9.44B | 100.00% | 5.45B |
| FY2013 | 31 Dec 2013 | 4.50B | +14.38% | 54.17% | 8.31B | 100.00% | 4.77B |
| FY2012 | 31 Dec 2012 | 3.94B | +45.12% | 53.27% | 7.39B | 100.00% | 4.18B |
| FY2011 | 31 Dec 2011 | 2.71B | -1.42% | 40.41% | 6.71B | 100.00% | 2.97B |
| FY2010 | 31 Dec 2010 | 2.75B | +21.77% | 49.68% | 5.54B | 100.00% | 2.96B |
| FY2009 | 31 Dec 2009 | 2.26B | — | 44.32% | 5.10B | 100.00% | 2.47B |
| FY2008 | 31 Dec 2008 | -534.51M | -148.24% | -10.71% | 4.99B | 100.00% | -167.61M |
| FY2007 | 31 Dec 2007 | 1.11B | +382.85% | 27.24% | 4.07B | 100.00% | 1.21B |
| FY2006 | 31 Dec 2006 | 229.50M | -41.63% | 6.90% | 3.33B | 100.00% | 329.28M |
| FY2005 | 31 Dec 2005 | 393.18M | +13.42% | 13.38% | 2.94B | 100.00% | 503.12M |
| FY2004 | 31 Dec 2004 | 346.67M | — | 13.37% | 2.59B | 100.00% | 469.99M |
| FY2003 | 31 Dec 2003 | -601.86M | -523.86% | -26.98% | 2.23B | 100.00% | -429.03M |
| FY2002 | 31 Dec 2002 | 142.00M | -35.95% | 7.51% | 1.89B | 100.00% | 258.78M |
| FY2001 | 31 Dec 2001 | 221.70M | +24.54% | 13.76% | 1.61B | 100.00% | 312.46M |
| FY2000 | 31 Dec 2000 | 178.02M | +875.24% | 12.32% | 1.45B | 100.00% | 178.02M |
| FY1998 | 31 Dec 1998 | 18.25M | — | 1.68% | 1.09B | 100.00% | 18.25M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 5.86B | +15.83% | 59.77% | 9.81B | 100.00% | 6.32B |
| Q2 FY2026 | 30 Jun 2026 | 5.59B | +16.96% | 60.22% | 9.28B | 100.00% | 6.01B |
| Q1 FY2026 | 31 Mar 2026 | 4.91B | +18.27% | 58.43% | 8.40B | 100.00% | 5.30B |
| Q4 FY2025 | 31 Dec 2025 | 4.91B | +24.68% | 55.76% | 8.81B | 100.00% | 5.38B |
| Q3 FY2025 | 30 Sept 2025 | 5.06B | +26.40% | 58.84% | 8.60B | 100.00% | 5.48B |
| Q2 FY2025 | 30 Jun 2025 | 4.78B | +18.36% | 58.74% | 8.13B | 100.00% | 5.15B |
| Q1 FY2025 | 31 Mar 2025 | 4.15B | +15.12% | 57.23% | 7.25B | 100.00% | 4.49B |
| Q4 FY2024 | 31 Dec 2024 | 3.94B | +16.79% | 52.58% | 7.49B | 100.00% | 4.31B |
| Q3 FY2024 | 30 Sept 2024 | 4.00B | +4.16% | 54.34% | 7.37B | 100.00% | 4.25B |
| Q2 FY2024 | 30 Jun 2024 | 4.04B | +10.39% | 57.98% | 6.96B | 100.00% | 4.32B |
| Q1 FY2024 | 31 Mar 2024 | 3.60B | +14.92% | 56.77% | 6.35B | 100.00% | 3.92B |
| Q4 FY2023 | 31 Dec 2023 | 3.37B | +5.90% | 51.50% | 6.55B | 100.00% | 3.67B |
| Q3 FY2023 | 30 Sept 2023 | 3.84B | +23.52% | 58.84% | 6.53B | 100.00% | 4.12B |
| Q2 FY2023 | 30 Jun 2023 | 3.66B | +21.14% | 58.32% | 6.27B | 100.00% | 4.04B |
| Q1 FY2023 | 31 Mar 2023 | 3.14B | +6.31% | 54.56% | 5.75B | 100.00% | 3.18B |
| Q4 FY2022 | 31 Dec 2022 | 3.18B | +12.63% | 54.74% | 5.82B | 100.00% | 3.40B |
| Q3 FY2022 | 30 Sept 2022 | 3.11B | +14.54% | 54.07% | 5.76B | 100.00% | 3.38B |
| Q2 FY2022 | 30 Jun 2022 | 3.02B | +28.92% | 54.90% | 5.50B | 100.00% | 3.10B |
| Q1 FY2022 | 31 Mar 2022 | 2.95B | +34.27% | 57.09% | 5.17B | 100.00% | 3.08B |
| Q4 FY2021 | 31 Dec 2021 | 2.83B | +37.37% | 54.20% | 5.22B | 100.00% | 3.12B |
| Q3 FY2021 | 30 Sept 2021 | 2.72B | +29.07% | 54.50% | 4.99B | 100.00% | 3.11B |
| Q2 FY2021 | 30 Jun 2021 | 2.34B | +37.14% | 51.70% | 4.53B | 100.00% | 2.77B |
| Q1 FY2021 | 31 Mar 2021 | 2.20B | -0.63% | 52.88% | 4.16B | 100.00% | 2.46B |
| Q4 FY2020 | 31 Dec 2020 | 2.06B | -14.21% | 49.95% | 4.12B | 100.00% | 2.42B |
| Q3 FY2020 | 30 Sept 2020 | 2.11B | -20.72% | 54.86% | 3.84B | 100.00% | 2.16B |
| Q2 FY2020 | 30 Jun 2020 | 1.71B | -28.79% | 51.18% | 3.34B | 100.00% | 1.94B |
| Q1 FY2020 | 31 Mar 2020 | 2.21B | -0.09% | 55.15% | 4.01B | 100.00% | 2.20B |
| Q4 FY2019 | 31 Dec 2019 | 2.40B | +94.41% | 54.35% | 4.41B | 100.00% | 2.69B |
| Q3 FY2019 | 30 Sept 2019 | 2.66B | +16.09% | 59.44% | 4.47B | 100.00% | 2.73B |
| Q2 FY2019 | 30 Jun 2019 | 2.40B | +23.81% | 58.28% | 4.11B | 100.00% | 2.69B |
| Q1 FY2019 | 31 Mar 2019 | 2.21B | +21.26% | 56.90% | 3.89B | 100.00% | 2.37B |
| Q4 FY2018 | 31 Dec 2018 | 1.23B | -18.92% | 32.41% | 3.81B | 100.00% | 1.38B |
| Q3 FY2018 | 30 Sept 2018 | 2.29B | +17.83% | 58.67% | 3.90B | 100.00% | 2.42B |
| Q2 FY2018 | 30 Jun 2018 | 1.94B | +17.12% | 52.82% | 3.67B | 100.00% | 2.09B |
| Q1 FY2018 | 31 Mar 2018 | 1.83B | +21.18% | 50.98% | 3.58B | 100.00% | 1.97B |
| Q4 FY2017 | 31 Dec 2017 | 1.52B | +11.67% | 45.95% | 3.31B | 100.00% | 1.64B |
| Q3 FY2017 | 30 Sept 2017 | 1.94B | +16.23% | 57.12% | 3.40B | 100.00% | 2.09B |
| Q2 FY2017 | 30 Jun 2017 | 1.65B | +19.78% | 54.14% | 3.05B | 100.00% | 1.78B |
| Q1 FY2017 | 31 Mar 2017 | 1.51B | +11.72% | 55.08% | 2.73B | 100.00% | 1.61B |
| Q4 FY2016 | 31 Dec 2016 | 1.36B | +23.13% | 49.46% | 2.76B | 100.00% | 1.43B |
| Q3 FY2016 | 30 Sept 2016 | 1.67B | +21.99% | 57.99% | 2.88B | 100.00% | 1.75B |
| Q2 FY2016 | 30 Jun 2016 | 1.38B | +10.31% | 51.22% | 2.69B | 100.00% | 1.48B |
| Q1 FY2016 | 31 Mar 2016 | 1.35B | -0.22% | 55.11% | 2.45B | 100.00% | 1.45B |
| Q4 FY2015 | 31 Dec 2015 | 1.11B | +8.74% | 43.98% | 2.52B | 100.00% | 1.13B |
| Q3 FY2015 | 30 Sept 2015 | 1.37B | -3.59% | 54.11% | 2.53B | 100.00% | 1.46B |
| Q2 FY2015 | 30 Jun 2015 | 1.25B | -9.54% | 52.34% | 2.39B | 100.00% | 1.35B |
| Q1 FY2015 | 31 Mar 2015 | 1.35B | +5.14% | 60.58% | 2.23B | 100.00% | 1.44B |
| Q4 FY2014 | 31 Dec 2014 | 1.02B | +10.65% | 42.14% | 2.42B | 100.00% | 1.11B |
| Q3 FY2014 | 30 Sept 2014 | 1.42B | +13.78% | 57.03% | 2.49B | 100.00% | 1.51B |
| Q2 FY2014 | 30 Jun 2014 | 1.38B | +12.62% | 58.40% | 2.37B | 100.00% | 1.47B |
| Q1 FY2014 | 31 Mar 2014 | 1.29B | +16.08% | 59.16% | 2.17B | 100.00% | 1.36B |
| Q4 FY2013 | 31 Dec 2013 | 920.00M | +2.34% | 43.27% | 2.13B | 100.00% | 989.00M |
| Q3 FY2013 | 30 Sept 2013 | 1.25B | +17.29% | 56.27% | 2.22B | 100.00% | 1.33B |
| Q2 FY2013 | 30 Jun 2013 | 1.23B | +26.08% | 58.59% | 2.10B | 100.00% | 1.30B |
| Q1 FY2013 | 31 Mar 2013 | 1.11B | +10.70% | 58.08% | 1.91B | 100.00% | 1.17B |
| Q4 FY2012 | 31 Dec 2012 | 899.00M | — | 47.44% | 1.90B | 100.00% | 963.00M |
| Q3 FY2012 | 30 Sept 2012 | 1.06B | +6.19% | 55.47% | 1.92B | 100.00% | 1.13B |
| Q2 FY2012 | 30 Jun 2012 | 974.00M | +10.06% | 53.52% | 1.82B | 100.00% | 1.03B |
| Q1 FY2012 | 31 Mar 2012 | 1.00B | +19.62% | 56.88% | 1.76B | 100.00% | 1.06B |
| Q4 FY2011 | 31 Dec 2011 | -10.00M | -101.76% | -0.58% | 1.73B | 100.00% | 47.00M |
| Q3 FY2011 | 30 Sept 2011 | 1.00B | +30.81% | 55.12% | 1.82B | 100.00% | 1.09B |
| Q2 FY2011 | 30 Jun 2011 | 885.00M | +23.43% | 53.09% | 1.67B | 100.00% | 943.00M |
| Q1 FY2011 | 31 Mar 2011 | 836.00M | +19.43% | 55.70% | 1.50B | 100.00% | 888.00M |
| Q4 FY2010 | 31 Dec 2010 | 569.00M | +21.55% | 39.57% | 1.44B | 100.00% | 633.00M |
| Q3 FY2010 | 30 Sept 2010 | 766.00M | +13.82% | 53.64% | 1.43B | 100.00% | 814.00M |
| Q2 FY2010 | 30 Jun 2010 | 717.00M | +28.73% | 52.53% | 1.37B | 100.00% | 765.00M |
| Q1 FY2010 | 31 Mar 2010 | 700.00M | +24.78% | 53.52% | 1.31B | 100.00% | 745.00M |
| Q4 FY2009 | 31 Dec 2009 | 468.13M | +1.25% | 36.05% | 1.30B | 100.00% | 520.20M |
| Q3 FY2009 | 30 Sept 2009 | 673.00M | — | 49.34% | 1.36B | 100.00% | 733.00M |
| Q2 FY2009 | 30 Jun 2009 | 557.00M | — | 43.52% | 1.28B | 100.00% | 604.00M |
| Q1 FY2009 | 31 Mar 2009 | 561.00M | +8.80% | 48.53% | 1.16B | 100.00% | 617.00M |
| Q4 FY2008 | 31 Dec 2008 | 462.36M | +168.72% | 37.75% | 1.22B | 100.00% | 747.30M |
| Q3 FY2008 | 30 Sept 2008 | -279.26M | -179.04% | -20.87% | 1.34B | 100.00% | -250.52M |
| Q2 FY2008 | 30 Jun 2008 | -1.23B | -558.75% | -98.93% | 1.25B | 100.00% | -1.21B |
| Q1 FY2008 | 31 Mar 2008 | 515.61M | +64.24% | 43.62% | 1.18B | 100.00% | 729.16M |
| Q4 FY2007 | 31 Dec 2007 | 172.06M | +274.13% | 16.04% | 1.07B | 100.00% | 198.21M |
| Q3 FY2007 | 30 Sept 2007 | 353.30M | +28.59% | 32.63% | 1.08B | 100.00% | 375.58M |
| Q2 FY2007 | 30 Jun 2007 | 268.82M | — | 26.96% | 996.96M | 100.00% | 293.84M |
| Q1 FY2007 | 31 Mar 2007 | 313.94M | +71.82% | 34.31% | 915.10M | 100.00% | 338.13M |
| Q4 FY2006 | 31 Dec 2006 | 45.99M | — | 5.48% | 839.16M | 100.00% | 70.72M |
| Q3 FY2006 | 30 Sept 2006 | 274.76M | -62.59% | 30.46% | 901.97M | 100.00% | 299.90M |
| Q2 FY2006 | 30 Jun 2006 | -273.97M | -137.30% | -32.36% | 846.49M | 100.00% | -249.27M |
| Q1 FY2006 | 31 Mar 2006 | 182.71M | -75.12% | 24.74% | 738.45M | 100.00% | 207.93M |
| Q4 FY2005 | 31 Dec 2005 | -1.81B | — | -246.46% | 734.41M | 100.00% | -1.78B |
| Q3 FY2005 | 30 Sept 2005 | 734.41M | +13.28% | 100.00% | 734.41M | 100.00% | 760.71M |
| Q2 FY2005 | 30 Jun 2005 | 734.41M | +13.28% | 100.00% | 734.41M | 100.00% | 763.11M |
| Q1 FY2005 | 31 Mar 2005 | 734.41M | +13.28% | 100.00% | 734.41M | 100.00% | 762.81M |
| Q4 FY2004 | 31 Dec 2004 | -1.60B | — | -246.53% | 648.33M | 100.00% | -1.57B |
| Q3 FY2004 | 30 Sept 2004 | 648.33M | +445.28% | 100.00% | 648.33M | 100.00% | 677.53M |
| Q2 FY2004 | 30 Jun 2004 | 648.33M | +1,198.09% | 100.00% | 648.33M | 100.00% | 679.73M |
| Q1 FY2004 | 31 Mar 2004 | 648.33M | — | 100.00% | 648.33M | 100.00% | 679.83M |
| Q4 FY2003 | 31 Dec 2003 | -102.95M | — | -18.14% | 567.57M | 100.00% | -18.68M |
| Q3 FY2003 | 30 Sept 2003 | 118.90M | -6.03% | 20.01% | 594.17M | 100.00% | 147.08M |
| Q2 FY2003 | 30 Jun 2003 | 49.95M | -5.32% | 8.97% | 556.89M | 100.00% | 80.54M |
| Q1 FY2003 | 31 Mar 2003 | -667.76M | — | -130.37% | 512.22M | 100.00% | -637.97M |
| Q4 FY2002 | 31 Dec 2002 | -115.60M | — | -22.70% | 509.24M | 100.00% | -88.04M |
| Q3 FY2002 | 30 Sept 2002 | 126.53M | — | 23.46% | 539.44M | 100.00% | 154.12M |
| Q2 FY2002 | 30 Jun 2002 | 52.75M | — | 11.75% | 448.76M | 100.00% | 71.68M |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Mastercard's operating income
Source: Financial Modeling Prep
