MastercardMAEarnings & Financial Report
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
Revenue
$8.8B
Gross Profit
N/A
Operating Profit
$4.9B
Net Profit
$4.1B
Gross Margin
N/A
Operating Margin
55.8%
Net Margin
46.1%
YoY Growth
17.6%
EPS
$4.52
Mastercard Q4 FY2025 Financial Summary
Mastercard reported revenue of $8.8B (up 17.6% YoY) for Q4 FY2025, with a net profit of $4.1B (up 21.5% YoY) (46.1% margin).
Key Financial Metrics
| Total Revenue | $8.8B |
|---|---|
| Net Profit | $4.1B |
| Gross Margin | N/A |
| Operating Margin | 55.8% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Mastercard Q4 FY2025 revenue of $8.8B breaks down across 2 segments, led by Payment Network at $4.9B (55.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Payment Network | $4.9B | 55.9% |
| Value Added Services And Solutions | $3.9B | 44.1% |
Mastercard Revenue by Segment — Quarterly Trend
Mastercard revenue by segment across the last 4 reported quarters, showing how each business line (such as Payment Network and Value Added Services And Solutions) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Payment Network | — | $4.9B | $5.2B | $4.9B |
| Value Added Services And Solutions | — | $3.9B | $3.4B | $3.2B |
Mastercard Annual Revenue by Year
Mastercard annual revenue history includes year-by-year totals (for example, 2025 revenue was $32.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $32.8B |
| 2024 | $28.2B |
Mastercard Quarterly Revenue & Net Profit History
Mastercard results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $8.4B | +16.0% | $3.9B | 46.4% |
| Q4 FY2025 | $8.8B | +17.6% | $4.1B | 46.1% |
| Q3 FY2025 | $8.6B | +16.7% | $3.9B | 45.7% |
| Q2 FY2025 | $8.1B | +16.8% | $3.7B | 45.5% |
| Q1 FY2025 | $7.3B | +14.2% | $3.3B | 45.2% |
| Q4 FY2024 | $7.5B | +14.4% | $3.3B | 44.6% |
| Q3 FY2024 | $7.4B | +12.8% | $3.3B | 44.3% |
| Q2 FY2024 | $7.0B | +11.0% | $3.3B | 46.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.96B | $7.37B | $7.49B | $7.25B | $8.13B | $8.60B | $8.81B | $8.40B |
| YoY Growth | 11.0% | 12.8% | 14.4% | 14.2% | 16.8% | 16.7% | 17.6% | 16.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.33B | $47.24B | $48.08B | $48.47B | $51.43B | $53.29B | $54.16B | $52.45B |
| Liabilities | $34.85B | $39.74B | $41.57B | $41.77B | $43.56B | $45.37B | $46.41B | $45.73B |
| Equity | $7.42B | $7.44B | $6.49B | $6.67B | $7.85B | $7.90B | $7.74B | $6.72B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.14B | $5.14B | $4.83B | $2.38B | $4.60B | $5.66B | $5.00B | $3.00B |