Mastercard Incorporated
Mastercard Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $32.8 billion, up 16.4% from fiscal 2024. In the quarter to June 2026, revenue grew 14.1%, EPS grew 22.1%, free cash flow fell 25.0% and total debt rose 29.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five.
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Mastercard Incorporated (MA) Operating margin
Mastercard Incorporated's operating margin over the twelve months to 30 June 2026 was 58.3%, up 0.7 percentage points from fiscal 2025 (57.6%). Over the past ten years it has ranged from 48.7% (fiscal 2018) to 57.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Credit Services industry median of 0.34% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 57.6% | 2.31 |
| FY2024 | 55.3% | (0.49) |
| FY2023 | 55.8% | 0.66 |
| FY2022 | 55.2% | 1.76 |
| FY2021 | 53.4% | 0.58 |
| FY2020 | 52.8% | (4.43) |
| FY2019 | 57.2% | 8.53 |
| FY2018 | 48.7% | (4.28) |
| FY2017 | 53.0% | (0.47) |
| FY2016 | 53.5% | 0.93 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 60.2% | 1.79 |
| Mar 2026 | 58.4% | 2.67 |
| Dec 2025 | 55.8% | (3.08) |
| Sep 2025 | 58.8% | 0.10 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| V Visa Inc. compare | 60.7% |
| MA Mastercard Incorporated | 58.3% |
| PYPL PayPal Holdings, Inc. compare | 17.4% |
| AFRM Affirm Holdings, Inc. compare | 9.79% |
| COF Capital One Financial Corporation compare | 0.00% |
| SOFI SoFi Technologies, Inc. compare | 0.00% |
| AXP American Express Company compare | 0.00% |
| ALLY Ally Financial Inc. compare | 0.00% |
| SYF Synchrony Financial compare | 0.00% |
| Credit Services industry median | 0.34% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement