Financials · Transaction & Payment Processing Services
Mastercard: revenue, profit and dividends
In fiscal 2025, Mastercard had revenue of $32.8B, up 13.0% a year on average since 2015, and net income of $15B (45.6% of revenue). Its dividend per share has gone up 3 years in a row, to $3.15. It has 20% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +16.4% vs 2024
- Ticker
- MA · NYSE
- Sector
- Financials
- Sub-industry
- Transaction & Payment Processing Services
- Headquarters
- Harrison, New York
- Founded
- 1966
- In the S&P 500 since
- July 18, 2008
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Mastercard Inc · CIK 0001141391
Revenue and net income
Revenue went from $4.07B in 2007 to $32.8B in 2025. Net loss in 2008.
Diluted earnings per share
Diluted EPS went from $0.80 in 2007 to $16.52 in 2025. Ten-year growth: 17.3% a year.
Dividends per share
Raised 3 years in a row, every year from 2023 to 2025. Ten-year growth: 16.7% a year.
Shares outstanding
20.3% fewer shares in 2025 than in 2015 (1.14B → 906M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $17.2B in 2025, 52.3% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $32.8B | $15B | 45.6% | $16.52 | $3.15 | 906M | $17.6B | $489M | $17.2B |
| 2024 | $28.2B | $12.9B | 45.7% | $13.89 | $2.74 | 927M | $14.8B | $474M | $14.3B |
| 2023 | $25.1B | $11.2B | 44.6% | $11.83 | $2.37 | 946M | $12B | $371M | $11.6B |
| 2022 | $22.2B | $9.93B | 44.7% | $10.22 | $2.04 | 971M | $11.2B | $442M | $10.8B |
| 2021 | $18.9B | $8.69B | 46.0% | $8.76 | — | 992M | $9.46B | $407M | $9.06B |
| 2020 | $15.3B | $6.41B | 41.9% | $6.37 | — | 1.01B | $7.22B | $339M | $6.88B |
| 2019 | $16.9B | $8.12B | 48.1% | $7.94 | $1.39 | 1.02B | $8.18B | $422M | $7.76B |
| 2018 | $14.9B | $5.86B | 39.2% | $5.60 | $1.08 | 1.05B | $6.22B | $330M | $5.89B |
| 2017 | $12.5B | $3.92B | 31.3% | $3.65 | $0.91 | 1.07B | $5.66B | $300M | $5.36B |
| 2016 | $10.8B | $4.06B | 37.7% | $3.69 | $0.79 | 1.1B | $4.64B | $215M | $4.42B |
| 2015 | $9.67B | $3.81B | 39.4% | $3.35 | $0.67 | 1.14B | $4.1B | $177M | $3.92B |
| 2014 | $9.47B | $3.62B | 38.2% | $3.10 | $0.49 | 1.17B | $3.41B | $175M | $3.23B |
| 2013 | $8.35B | $3.12B | 37.3% | $2.56 | $0.29 | 1.22B | $4.13B | $155M | $3.98B |
| 2012 | $7.39B | $2.76B | 37.3% | $2.19 | $0.12 | 1.26B | $2.95B | $96M | $2.85B |
| 2011 | $6.71B | $1.91B | 28.4% | $1.48 | $0.06 | 1.28B | $2.68B | $77M | $2.61B |
| 2010 | $5.54B | $1.85B | 33.3% | $1.41 | $0.06 | 1.31B | $1.7B | $61M | $1.64B |
| 2009 | $5.1B | $1.46B | 28.7% | $1.12 | $0.06 | 1.3B | $1.38B | $57M | $1.32B |
| 2008 | $4.99B | −$254M | −5.1% | −$0.19 | $0.06 | 1.3B | $413M | $76M | $337M |
| 2007 | $4.07B | $1.09B | 26.7% | $0.80 | $0.06 | 1.35B | $770M | $81.6M | $688M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
Stock splits
Found in the filings; per-share figures and share counts on this page are on today’s share basis.
- 10-for-1 split · first reflected in a filing of February 14, 2014
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Transaction & Payment Processing Services companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.