Mastercard Incorporated logo MA - Mastercard Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 50
HOLD 13
SELL 0
STRONG
SELL 0
| PRICE TARGET: $655.56 DETAILS
HIGH: $739.00
LOW: $561.00
MEDIAN: $657.50
CONSENSUS: $655.56
UPSIDE: 31.50%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1998
Revenue
Revenue 32,791 28,167 25,098 22,237 18,884 15,301 16,883 14,950 12,497 10,776 9,667 9,441 8,312 7,391 6,714 5,539 5,099 4,991.6 4,067.6 3,326.1 2,937.6 2,593.3 2,230.9 1,891.8 1,611.3 1,445.4 1,089.7
Cost of Revenue 5,433 6,673 6,022 5,263 4,489 3,787 3,537 3,214 2,687 2,225 2,105 2,064 1,739 1,565 1,453 1,219 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 27,358 21,494 19,076 16,974 14,395 11,514 13,346 11,736 9,810 8,551 7,562 7,377 6,573 5,826 5,261 4,320 5,099 4,991.6 4,067.6 3,326.1 2,937.6 2,593.3 2,230.9 1,891.8 1,611.3 1,445.4 1,089.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 7,145 4,270 3,647 3,502 3,442 2,771 3,128 2,903 2,631 2,266 2,139 1,980 1,715 1,612 1,597 1,417 2,691 2,931.3 2,838.4 2,557.1 2,359.3 2,101.7 2,713.2 1,659.3 1,319.7 0 0
Other Expenses 812 1,642 1,421 1,208 871 662 554 1,551 557 524 345 291 355 277 951 151 148 2,594.9 121.0 539.5 185.1 145.0 119.6 90.5 70.0 1,267.4 1,071.5
Operating Expenses 7,957 5,912 5,068 4,710 4,313 3,433 3,682 4,454 3,188 2,790 2,484 2,271 2,070 1,889 2,548 1,568 2,839 5,526.1 2,959.5 3,096.6 2,544.4 2,246.7 2,832.7 1,749.8 1,389.6 1,267.4 1,071.5
Operating Income
Operating Income 19,401 15,582 14,008 12,264 10,082 8,081 9,664 7,282 6,622 5,761 5,078 5,106 4,503 3,937 2,713 2,752 2,260 (534.5) 1,108.1 229.5 393.2 346.7 (601.9) 142.0 221.7 178.0 18.3
Interest Expense 722 646 575 471 431 380 224 186 154 95 61 48 14 20 25 52 115 103.6 0 0 0 0 62.9 9.9 9.5 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 26 33 36 44 48 56 108.8 0 0 0 0 35.4 23.1 23.6 0 0
Profitability
EBITDA 20,194 16,797 15,013 12,953 11,464 8,720 10,477 7,849 7,113 6,114 5,385 5,448 4,772 4,183 2,967 2,957 2,474 (167.6) 1,205.8 329.3 503.1 470.0 (429.0) 258.8 312.5 178.0 18.3
EBIT 19,051 15,900 14,214 12,203 10,738 8,140 9,955 7,390 6,676 5,741 5,019 5,127 4,514 3,953 2,773 2,809 2,333 (279.6) 1,108.1 229.5 393.2 346.7 (548.6) 168.3 242.5 178.0 18.3
Income Before Tax 18,578 15,254 13,639 11,732 10,307 7,760 9,731 7,204 6,522 5,646 4,958 5,079 4,500 3,933 2,748 2,757 2,218 (383.2) 1,671.4 294.2 407.3 323.7 (611.5) 158.4 232.9 0 0
Income Tax Expense 3,610 2,380 2,444 1,802 1,620 1,349 1,613 1,345 2,607 1,587 1,150 1,462 1,384 1,174 842 910 755 (129.3) 585.5 244.0 140.6 85.6 (220.8) 42.0 90.9 0 0
Net Income 14,968 12,874 11,195 9,930 8,687 6,411 8,118 5,859 3,915 4,059 3,808 3,617 3,116 2,759 1,906 1,846 1,463 (253.9) 1,085.9 50.2 266.7 238.1 (385.8) 116.4 142.1 118.1 24.2
Per Share Data
EPS (Basic) 16.55 13.92 11.86 10.26 8.79 6.40 7.98 5.63 3.67 3.70 3.36 3.11 2.57 2.20 1.49 1.41 1.12 -0.20 0.81 0.04 0.20 0.24 -0.39 0.14 0.20 0.17 0.03
EPS (Diluted) 16.52 13.89 11.83 10.23 8.76 6.37 7.94 5.60 3.65 3.69 3.35 3.10 2.56 2.19 1.48 1.41 1.12 -0.20 0.80 0.04 0.20 0.24 -0.39 0.14 0.20 0.17 0.03
Shares Outstanding 897 925 944 968 988 1,002 1,017 1,041.0 1,067.0 1,098.0 1,134.0 1,165.0 1,211.0 1,253.0 1,279.0 1,310.0 1,300.0 1,301.5 1,348.9 1,354.1 1,349.7 1,000.3 1,000.0 862.0 717.1 716.1 711.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1998
Current Assets
Cash & Cash Equivalents 10,566 8,442 8,588 7,008 7,421 10,113 6,988 6,682 5,933 6,721 2,055 1,505.2 329.0 374.2 336.5 176.1 0 0
Short-Term Investments 332 330 592 400 473 483 688 1,696 1,849 1,614 824 742.1 808.9 536.3 535.5 0 0 0
Net Receivables 4,609 3,773 4,060 3,425 3,006 4,352 5,509 4,728 3,344 2,509 995 1,351.0 293.3 259.4 198.9 180.5 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 8,051 7,179 5,721 5,739 5,957 4,087 3,612 3,014 2,594 2,266 816 499.7 351.2 347.7 317.6 695.3 0 0
Total Current Assets 23,558 19,724 18,961 16,606 16,949 19,113 16,902 16,171 13,797 13,228 5,003 4,311.5 1,902.8 1,609.8 1,455.6 1,118.0 0 0
Non-Current Assets
Property, Plant & Equipment 2,303 2,138 2,061 2,006 1,907 1,902 1,828 921 829 733 449 306.8 242.4 258.5 226.7 159.7 0 0
Goodwill 9,560 9,193 7,660 7,522 7,662 4,960 4,021 2,904 3,035 1,756 309 298.0 217.7 187.9 152.9 7.1 0 0
Intangible Assets 5,554 5,453 4,086 3,859 3,671 1,753 1,417 991 1,120 722 415 394.3 329.0 327.6 285.7 84.1 0 0
Long-Term Investments 1,705 1,607 1,729 1,730 1,834 1,172 914 337 249 132 518 229.2 0 196.1 6.6 0 0 0
Other Non-Current Assets 9,910 8,352 6,596 5,850 5,160 4,193 3,611 2,966 2,049 1,797 512 368.5 337.9 97.0 92.0 50.8 0 0
Total Non-Current Assets 30,599 28,357 23,487 22,118 20,720 14,471 12,334 8,689 7,532 5,447 2,467 2,164.3 1,361.9 1,291.1 805.2 368.3 0 0
Total Assets 54,157 48,081 42,448 38,724 37,669 33,584 29,236 24,860 21,329 18,675 7,470 6,475.8 3,264.7 2,900.9 2,260.9 1,486.3 1,187.1 871.6
Current Liabilities
Account Payables 999 929 834 926 738 527 489 537 933 609 768 794.6 187.0 202.6 172.2 110.9 0 0
Short-Term Debt 749 750 1,337 274 792 649 0 500 0 0 0 149.4 0 0 0 9.5 0 0
Deferred Revenue 0 0 0 0 0 0 0 218 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 6,942 6,218 4,853 4,076 4,150 4,399 2,298 4,000 4,123 3,440 1,174 1,014.4 860.3 431.1 271.1 176.3 0 0
Total Current Liabilities 22,762 19,220 16,264 14,171 13,162 11,847 11,904 11,593 8,793 7,206 3,167 2,990.5 1,301.4 1,188.9 929.7 650.0 0 0
Non-Current Liabilities
Long-Term Debt 18,251 17,476 14,344 13,749 13,109 12,023 8,527 5,834 5,424 5,180 22 19.4 229.6 229.6 80.1 80.1 83.0 82.4
Deferred Tax Liabilities 307 317 369 393 395 86 85 67 106 81 80 74.5 73.2 64.1 67.4 0 0 0
Other Non-Current Liabilities 5,091 4,553 4,474 4,034 3,591 3,111 2,729 1,877 1,438 524 689 1,459.5 680.9 715.0 159.5 149.6 (83.0) (82.4)
Total Non-Current Liabilities 23,649 22,346 19,187 18,176 17,095 15,220 11,341 7,778 6,968 5,785 791 1,553.4 983.7 1,008.7 307.1 229.7 0 0
Total Liabilities 46,411 41,566 35,451 32,347 30,257 27,067 23,245 19,371 15,761 12,991 3,958 4,543.9 2,285.1 2,197.6 1,236.8 879.6 724.7 614.4
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0.0 0.0 1 1 1 0 0 0
Retained Earnings 85,035 72,907 62,564 53,607 45,648 38,747 33,984 27,283 22,364 19,418 1,148 (236.1) (121.2) (359.3) 26.5 602.7 0 0
Accumulated Other Comprehensive Income (981) (1,433) (1,099) (1,253) (809) (680) (673) (718) (497) (924) 194 108.8 127.8 89.6 28.5 3.9 0 0
Total Stockholders' Equity 7,737 6,485 6,929 6,298 7,312 6,391 5,893 5,395 5,468 5,656 3,504 1,927.4 975.0 698.7 1,023.4 606.7 462.4 257.2
Total Liabilities & Equity 54,157 48,081 42,448 38,724 37,669 33,584 29,236 24,860 21,329 18,675 7,470 6,475.8 3,264.7 2,900.9 2,260.9 1,486.3 1,187.1 871.6
Debt Metrics
Total Debt 19,000 18,226 15,681 14,023 13,901 12,672 8,527 6,334 5,424 5,180 22 168.8 229.6 229.6 80.1 89.6 83.0 82.4
Net Debt 8,434 9,784 7,093 7,015 6,480 2,559 1,539 (348) (509) (1,541) (2,033) (1,336.4) (99.4) (144.6) (256.4) (86.5) 83.0 82.4
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001
Operating Activities
Net Income 14,968 12,874 11,195 9,930 8,687 6,411 8,118 5,859 3,915 4,059 266.7 238.1 (385.8) 116.4 142.1
Depreciation & Amortization 2,098 897 799 750 726 580 522 459 437 373 109.9 123.3 119.6 90.5 70.0
Stock-Based Compensation 597 526 460 295 273 254 250 196 176 101 0 0 0 0 0
Change in Working Capital (1,689) (1,040) (1,943) (904) (916) (1,150) (1,698) (1,313) (286) (867) (62.0) (70.4) 691.6 85.8 (27.4)
Other Non-Cash Items 1,370 2,050 1,705 1,775 762 1,056 998 1,266 1,227 889 12.2 12.0 5.8 8.7 14.6
Operating Cash Flow 17,401 14,780 11,980 11,195 9,463 7,224 8,183 6,223 5,555 4,484 272.8 343.8 190.4 305.8 196.5
Investing Activities
Capital Expenditure (489) (474) (371) (1,097) (814) (708) (728) (504) (423) (382) (82.0) (78.2) (143.5) (101.4) (107.6)
Acquisitions 0 (2,511) 0 (313) (4,436) (989) (1,440) 174 (1,175) (167) 0 (29.9) (67.2) 31.2 (49.7)
Purchases of Investments (868) (658) (736) (594) (911) (807) (1,325) (1,900) (2,006) (1,824) (2,834.3) (2,194.9) (249.1) (233.4) (251.2)
Sales/Maturities of Investments 719 586 479 537 856 622 1,857 1,912 1,824 1,072 2,883.7 2,032.3 232.6 187.0 115.4
Other Investing Activities 2 (345) (723) (3) 33 3 (4) (188) 1 134 (1.0) (3.8) 65.5 4.7 73.9
Investing Cash Flow (1,362) (3,402) (1,351) (1,470) (5,272) (1,879) (1,640) (506) (1,779) (1,167) (33.7) (274.5) (161.7) (111.9) (219.1)
Financing Activities
Net Debt Issuance 492 2,624 1,554 399 1,374 3,959 2,224 991 (64) 1,972 0 0 0 (34.9) 5.4
Stock Repurchased (11,727) (11,035) (9,032) (8,753) (5,904) (4,473) (6,497) (4,933) (3,762) (3,511) 0 0 0 0 0
Dividends Paid (2,756) (2,448) (2,158) (1,903) (1,741) (1,605) (1,345) (1,044) (942) (837) 0 0 0 0 0
Other Financing Activities (391) (201) 237 70 (345) 117 (375) 100 (53) 134 0 0 0 0 0
Financing Cash Flow (14,179) (10,836) (9,488) (10,328) (6,555) (2,152) (5,867) (4,966) (4,764) (2,293) 0 0 0 (34.9) 5.4
Cash Position
Net Change in Cash 2,193 343 1,269 (706) (2,517) 3,450 632 745 (788) 974 216.3 80.9 37.7 160.3 (17.2)
Cash at Beginning 8,934 10,465 9,196 9,902 12,419 8,969 8,337 7,592 6,721 5,747 329.0 248.1 336.5 176.1 193.3
Cash at End 11,127 10,808 10,465 9,196 9,902 12,419 8,969 8,337 5,933 6,721 545.3 329.0 374.2 336.5 176.1
Free Cash Flow 16,912 14,306 11,609 10,098 8,649 6,516 7,455 5,719 5,132 4,102 190.8 265.6 47.0 204.4 88.9
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1998
Income Statement
Revenue 32,791 28,167 25,098 22,237 18,884 15,301 16,883 14,950 12,497 10,776 9,667 9,441 8,312 7,391 6,714 5,539 5,099 4,991.6 4,067.6 3,326.1 2,937.6 2,593.3 2,230.9 1,891.8 1,611.3 1,445.4 1,089.7
Gross Profit 27,358 21,494 19,076 16,974 14,395 11,514 13,346 11,736 9,810 8,551 7,562 7,377 6,573 5,826 5,261 4,320 5,099 4,991.6 4,067.6 3,326.1 2,937.6 2,593.3 2,230.9 1,891.8 1,611.3 1,445.4 1,089.7
Operating Income 19,401 15,582 14,008 12,264 10,082 8,081 9,664 7,282 6,622 5,761 5,078 5,106 4,503 3,937 2,713 2,752 2,260 (534.5) 1,108.1 229.5 393.2 346.7 (601.9) 142.0 221.7 178.0 18.3
Net Income 14,968 12,874 11,195 9,930 8,687 6,411 8,118 5,859 3,915 4,059 3,808 3,617 3,116 2,759 1,906 1,846 1,463 (253.9) 1,085.9 50.2 266.7 238.1 (385.8) 116.4 142.1 118.1 24.2
EPS (Diluted) 16.52 13.89 11.83 10.23 8.76 6.37 7.94 5.60 3.65 3.69 3.35 3.10 2.56 2.19 1.48 1.41 1.12 -0.20 0.80 0.04 0.20 0.24 -0.39 0.14 0.20 0.17 0.03
Balance Sheet
Cash & Equivalents 10,566 8,442 8,588 7,008 7,421 10,113 6,988 6,682 5,933 6,721 2,055 1,505.2 329.0 374.2 336.5 176.1 0 0
Total Assets 54,157 48,081 42,448 38,724 37,669 33,584 29,236 24,860 21,329 18,675 7,470 6,475.8 3,264.7 2,900.9 2,260.9 1,486.3 1,187.1 871.6
Total Debt 19,000 18,226 15,681 14,023 13,901 12,672 8,527 6,334 5,424 5,180 22 168.8 229.6 229.6 80.1 89.6 83.0 82.4
Stockholders' Equity 7,737 6,485 6,929 6,298 7,312 6,391 5,893 5,395 5,468 5,656 3,504 1,927.4 975.0 698.7 1,023.4 606.7 462.4 257.2
Cash Flow
Operating Cash Flow 17,401 14,780 11,980 11,195 9,463 7,224 8,183 6,223 5,555 4,484 272.8 343.8 190.4 305.8 196.5
Capital Expenditure (489) (474) (371) (1,097) (814) (708) (728) (504) (423) (382) (82.0) (78.2) (143.5) (101.4) (107.6)
Free Cash Flow 16,912 14,306 11,609 10,098 8,649 6,516 7,455 5,719 5,132 4,102 190.8 265.6 47.0 204.4 88.9