Mastercard Inc
NYSE: MA · FINANCIAL SERVICES · CREDIT SERVICES
Updated 2026-06-12
Mastercard Inc (MA) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $3.33B | $50.19M | 100.00% | 6.90% | 1.51% |
| 2007 | $4.07B | $1.09B | 100.00% | 27.24% | 26.70% |
| 2008 | $4.99B | $-253.91M | 100.00% | -10.71% | -5.09% |
| 2009 | $5.10B | $1.46B | 100.00% | 44.32% | 28.69% |
| 2010 | $5.54B | $1.85B | 77.99% | 49.68% | 33.33% |
| 2011 | $6.71B | $1.91B | 78.36% | 40.41% | 28.39% |
| 2012 | $7.39B | $2.76B | 78.83% | 53.27% | 37.33% |
| 2013 | $8.31B | $3.12B | 79.08% | 54.17% | 37.49% |
| 2014 | $9.44B | $3.62B | 78.14% | 54.08% | 38.31% |
| 2015 | $9.67B | $3.81B | 78.22% | 52.53% | 39.39% |
| 2016 | $10.78B | $4.06B | 79.35% | 53.46% | 37.67% |
| 2017 | $12.50B | $3.92B | 78.50% | 52.99% | 31.33% |
| 2018 | $14.95B | $5.86B | 78.50% | 48.71% | 39.19% |
| 2019 | $16.88B | $8.12B | 79.05% | 57.24% | 48.08% |
| 2020 | $15.30B | $6.41B | 75.25% | 52.81% | 41.90% |
| 2021 | $18.88B | $8.69B | 76.23% | 53.39% | 46.00% |
| 2022 | $22.24B | $9.93B | 76.33% | 55.15% | 44.66% |
| 2023 | $25.10B | $11.20B | 76.01% | 55.81% | 44.61% |
| 2024 | $28.17B | $12.87B | 76.31% | 55.32% | 45.71% |
| 2025 | $32.79B | $14.97B | 83.43% | 59.17% | 45.65% |
Frequently asked questions
What is Mastercard Inc's revenue?
Mastercard Inc's trailing twelve-month revenue is $33.94B, and consensus projects about $62.34B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MA?
In its most recent fiscal year, MA ran a gross margin of 83.43%, an operating margin of 59.17%, and a net margin of 45.65%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MA generate?
MA produced $16.91B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MA's balance sheet healthy?
MA holds $10.57B in cash and equivalents against $18.25B in long-term debt, on $7.74B of shareholder equity. That debt is best read against the cash flow the business throws off each year.