Mastercard Incorporated (MA) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions i...
Mastercard Incorporated's revenue increased 16.4% year over year, from $28.17B to $32.79B.
Net income increased 16.3% over the same period, from $12.87B to $14.97B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 204% in total.
Total debt remained relatively stable at $18.25B.
The debt-to-equity ratio stands at 2.36, indicating a high leverage profile.
Operating cash flow grew 19.4% to $17.65B.
Mastercard Incorporated maintains a strong net profit margin of 45.6%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $7.37B+5.9% | $3.26B | $7.37B | $4.00B | $5.14B | $47.24B | $17.61B | $7.44B |
| Q4 FY2024 | $7.49B+1.6% | $3.34B | $7.49B | $3.94B | $4.83B | $48.08B | $17.48B | $6.49B |
| Q1 FY2025 | $7.25B-3.2% | $3.28B | $7.25B | $4.15B | $2.38B | $48.47B | $18.80B | $6.67B |
| Q2 FY2025 | $8.13B+12.2% | $3.70B | $8.13B | $4.78B | $4.60B | $51.43B | $18.97B | $7.85B |
| Q3 FY2025 | $8.60B+5.8% | $3.93B | $8.60B | $5.06B | $5.66B | $53.29B | $18.98B | $7.90B |
| Q4 FY2025 | $8.81B+2.4% | $4.06B | $8.81B | $4.91B | $5.00B | $54.16B | $18.25B | $7.74B |
| Q1 FY2026 | $8.40B-4.6% | $3.88B | $8.40B | $4.91B | $3.00B | $52.45B | $18.96B | $6.72B |
| Q2 FY2026 | $9.28B+10.5% | $4.39B | $9.28B | $5.59B | $3.77B | $57.69B | $24.64B | $5.61B |
Balance Sheet Summary (Q2 FY2026)
Mastercard Incorporated (MA) Financial Statements & Revenue History
Mastercard Incorporated (MA) is a US-listed stock operating in the Financial Services sector, specifically the Credit Services industry trading at $615.09 with a market capitalization of $539. This page provides 42 historical financial statements for Mastercard Incorporated, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Mastercard Incorporated reported revenue of $32.8 billion, representing 16.4% year-over-year growth. The net profit margin of 45.6% reflects strong profitability. The debt-to-equity ratio of 2.36 signals high leverage.
MA Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Mastercard Incorporated's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether MA is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track MA's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Mastercard Incorporated converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of MA's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use MA Financial Data
Investors use Mastercard Incorporated's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare MA's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how MA's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View MA's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Mastercard Incorporated's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.MA trades on NYSE. This page is for informational purposes only and is not financial advice.