FY2025 · ended Dec 31, 2025 · Revenue $32.79B, +16.4% YoY · Filed Feb 11, 2026
Mastercard Incorporated (MA) files with the SEC under industry code 7389, Services-Business Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $32.8 billion and net income of $15.0 billion. Free cash flow was $17.2 billion. As of Sep 30, 2026 it held $10.5 billion in cash and investments and $23.9 billion in total debt.
Revenue (TTM)
$36.29B
+15.3% vs year-ago TTM
Net income (TTM)
$16.96B
+19.0% vs year-ago TTM
Operating cash flow (TTM)
$16.86B
-3.5% vs year-ago TTM
Free cash flow (TTM)
$16.08B
-5.4% vs year-ago TTM
EPS (TTM)
$19.11
+22.2% vs year-ago TTM
Dividend per share (TTM)
$3.48
+14.5% vs year-ago TTM
Shares outstanding
110.44M
Net cash
$-13.47B
as of Sep 30, 2026
Operating margin
58.6%
FY 2026
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- MA (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Purchase, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1141391
Other Services-Business Services, NEC companies
- Visa Inc. V
- Alibaba Group Holding Ltd BABA
- Accenture plc ACN
- Uber Technologies, Inc UBER
- PDD Holdings Inc. PDD
- Mercadolibre Inc MELI
- DoorDash, Inc. DASH
- Relx PLC RELX
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $32.8B | $28.2B | $25.1B | $22.2B | $18.9B |
| Operating income | $18.9B | $15.6B | $14.0B | $12.3B | $10.1B |
| Net income | $15.0B | $12.9B | $11.2B | $9.9B | $8.7B |
| Diluted EPS | $16.52 | $13.89 | $11.83 | $10.22 | $8.76 |
| Operating cash flow | $17.6B | $14.8B | $12.0B | $11.2B | $9.5B |
| Free cash flow | $17.2B | $14.3B | $11.6B | $10.8B | $9.1B |
| Total assets | $54.2B | $48.1B | $42.4B | $38.7B | $37.7B |
| Total liabilities | $46.4B | $41.6B | $35.5B | $32.3B | $30.3B |
| Stockholders' equity | $7.7B | $6.5B | $6.9B | $6.3B | $7.3B |
| Cash and investments | $10.9B | $8.7B | $8.9B | $7.3B | $7.7B |
| Total debt | $19.8B | $19.0B | $16.5B | $14.8B | $14.7B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 17, 2026 | Jun 16, 2026 |
| 8-K |
Current report
Other events
|
Jun 8, 2026 | Jun 4, 2026 |
All 1001 Mastercard Incorporated SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.