Friday 6 November 2026 Export MA’s income statement to Excel — free account

Mastercard Incorporated

Mastercard Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $32.8 billion, up 16.4% from fiscal 2024.

Revenue: +14.0%
EPS: +21.6%
Free cash flow: −10.3%
Total debt: +26.1%

Quarter to September 2026, against a year earlier

657.82 1.90 +0.29%

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Market cap: $571.4B
P/E: 34.2×
Fwd P/E: 32.5×
Dividend yield: 0.53%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	6	6	7	6	5	7	7	7	6	8
P/E ratio Full definition →	28.56	41.62	33.57	37.42	55.86	40.83	33.83	35.54	37.83	34.47
P/S ratio Full definition →	10.74	12.97	13.14	17.99	23.37	18.80	15.10	15.87	17.29	15.76
P/FCF ratio Full definition →	27.20	30.93	34.34	40.73	54.89	41.05	33.24	36.56	35.85	31.44
P/Operating CF Full definition →	105.78	88.91	147.44	101.90	158.75	111.32	108.29	96.43	100.76	103.29
P/B ratio Full definition →	20.36	29.49	36.25	51.32	55.13	48.08	52.82	57.10	74.76	66.70
Price to Tangible BV Full definition →	36.09	120.78	128.95	633.96	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	10.40	12.74	12.96	18.01	23.47	19.09	15.37	16.13	17.61	15.99
EV/EBITDA Full definition →	16.02	19.75	21.59	26.84	36.90	29.59	23.41	24.64	27.09	23.68
EV/Operating CF Full definition →	24.16	28.10	31.14	37.16	49.72	38.09	30.53	33.78	33.56	29.70
EV/FCF Full definition →	26.33	30.37	33.88	40.78	55.12	41.67	33.84	37.16	36.51	31.90
Quick Ratio Full definition →	1.43	1.17	0.97	0.91	1.17	0.87	0.81	0.82	0.68	0.71
Current Ratio Full definition →	1.84	1.57	1.39	1.42	1.61	1.29	1.17	1.17	1.03	1.04
Net Debt/EBITDA Full definition →	(0.53)	(0.36)	(0.29)	0.03	0.15	0.45	0.41	0.39	0.49	0.34
Debt/Assets Full definition →	27.74%	25.43%	25.48%	29.53%	37.73%	36.90%	36.21%	36.94%	37.91%	35.08%
Debt/Equity Full definition →	0.91	0.99	1.17	1.46	1.95	1.88	2.21	2.25	2.80	2.45
Asset Turnover Full definition →	0.62	0.62	0.65	0.62	0.49	0.53	0.58	0.62	0.62	0.64
Operating CF/Net income Full definition →	1.14	1.45	1.06	1.01	1.13	1.09	1.13	1.07	1.15	1.18
Capex/Depreciation Full definition →	(0.31)	(0.29)	(0.30)	(0.44)	(0.43)	(0.39)	(0.47)	(0.45)	(0.44)	(0.37)
Interest Coverage Full definition →	60.64	43.00	39.15	43.14	21.27	23.39	26.04	24.36	24.12	26.17
ROE Full definition →	69.11%	70.03%	107.36%	143.24%	103.36%	125.25%	144.55%	167.95%	190.87%	209.92%
ROA Full definition →	23.24%	19.57%	25.37%	30.01%	20.41%	24.38%	26.00%	27.58%	28.44%	29.28%
ROIC Full definition →	181.30%	159.61%	161.33%	96.03%	63.31%	49.21%	61.90%	65.12%	62.92%	77.26%
Return on Tangible Assets Full definition →	60.09%	67.12%	106.55%	118.93%	69.93%	152.56%	223.60%	235.29%	487.28%	482.99%
Average Days of Receivables Full definition →	47.96	57.51	55.57	54.35	63.12	58.10	56.22	59.04	48.89	51.30
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	41.99%	43.40%	40.68%	39.67%	42.92%	42.27%	39.87%	38.86%	39.08%	37.35%
Intangible Assets out of Total Assets Full definition →	0.13	0.19	0.16	0.19	0.20	0.30	0.29	0.28	0.30	0.28
Share Based Compensation of Revenue Full definition →	1.38%	1.41%	1.31%	1.48%	1.66%	1.45%	1.33%	1.83%	1.87%	1.82%
Graham Net Nets Full definition →	0.00	(0.01)	(0.02)	(0.02)	(0.02)	(0.04)	(0.05)	(0.04)	(0.04)	(0.04)
Graham Number Full definition →	20.73	20.57	25.65	32.32	30.51	38.47	38.91	44.42	46.97	56.47
Earnings Yield Full definition →	3.50%	2.40%	2.98%	2.67%	1.79%	2.45%	2.96%	2.81%	2.64%	2.90%
Free Cash Flow Yield Full definition →	3.68%	3.23%	2.91%	2.45%	1.82%	2.44%	3.01%	2.73%	2.79%	3.18%
Revenue per Share Full definition →	9.81	11.71	14.36	16.60	15.27	19.11	22.97	26.59	30.45	36.23
Operating CF per Share Full definition →	4.22	5.31	5.98	8.05	7.21	9.58	11.57	12.69	15.98	19.50
Capex per Share Full definition →	(0.35)	(0.40)	(0.48)	(0.72)	(0.71)	(0.82)	(1.13)	(1.15)	(1.29)	(1.34)
Free Cash Flow per Share Full definition →	3.88	4.91	5.49	7.33	6.50	8.75	10.43	11.54	14.69	18.16
Cash per Share Full definition →	8.09	7.81	8.58	8.12	11.16	8.58	8.26	9.76	10.02	12.66
Shareholders Equity per Share Full definition →	5.18	5.15	5.20	5.82	6.48	7.47	6.57	7.39	7.04	8.56
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	5.18	5.15	5.20	5.82	6.48	7.47	6.57	7.39	7.04	8.56
Free Cash Flow Full definition →	4,255.00	5,241.00	5,719.00	7,455.00	6,516.00	8,649.00	10,098.00	10,892.00	13,586.00	16,433.00
Working Capital Full definition →	6,022.00	5,004.00	4,578.00	4,998.00	7,266.00	3,787.00	2,435.00	2,697.00	504.00	796.00
Capital Expenditures Full definition →	(382.00)	(423.00)	(504.00)	(728.00)	(708.00)	(814.00)	(1,097.00)	(1,088.00)	(1,194.00)	(1,215.00)
Net Current Asset Value Full definition →	237.00	(2,035.00)	(3,271.00)	(6,417.00)	(7,983.00)	(13,337.00)	(15,762.00)	(16,512.00)	(21,842.00)	(22,853.00)
EV/EBIT Full definition →	19.44	24.04	26.61	31.46	44.44	35.75	27.86	28.89	31.83	27.74
Capex to Sales Full definition →	0.04	0.03	0.03	0.04	0.05	0.04	0.05	0.04	0.04	0.04
Price to Operating Income Full definition →	20.09	24.48	26.97	31.42	44.26	35.21	27.37	28.43	31.26	27.34
Other line items
Depreciation/Fixed assets Full definition →	1.68	1.73	1.84	0.91	0.87	1.10	1.16	1.17	1.28	1.41
Cash ROIC Full definition →	21.55%	27.23%	27.65%	32.68%	21.48%	29.06%	35.59%	34.18%	39.95%	43.01%
Accounts Receivable Turnover Full definition →	8.64	7.38	7.04	7.05	5.93	6.68	6.92	6.71	7.19	7.82
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days of Inventory on Hand Full definition →	—	—	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Receivables Full definition →	1,247.50	1,692.50	2,122.50	2,395.00	2,580.00	2,826.00	3,215.50	3,742.50	3,916.50	4,191.00
Average Payables Full definition →	540.50	771.00	735.00	513.00	508.00	632.50	832.00	880.00	881.50	964.00
Average Assets Full definition →	17,462.50	20,002.00	23,094.50	27,048.00	31,410.00	35,626.50	38,196.50	40,586.00	45,264.50	51,119.00
Average Common Equity Full definition →	5,873.00	5,590.50	5,457.50	5,667.50	6,202.50	6,935.50	6,869.50	6,665.50	6,745.00	7,130.50

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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