Mastercard Inc
MA· NYSE· Services-Business Services, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 52.3%
- ROIC, 5 yr avg
- 79.3%
- Revenue, 5 yr CAGR
- +6.8%
We record prices for the companies we cover; MA is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 906.0M
- Revenue
- $32.8B
- Free cash flow
- $17.2B
- Owner earnings
- $16.6B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 57.6%
- Net
- –
- Free cash flow
- 52.3%
- Owner earnings
- 50.5%
- Stock pay
- 1.8%
Returns
- ROIC, FY2025
- 94.2%
- ROIC, 5 yr avg
- 79.3%
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- 13.8%
- Revenue, 5 yr
- 6.8%
- Revenue, 9 yr
- 13.2%
- Diluted EPS, 3 yr
- 17.4%
- Diluted EPS, 5 yr
- 21.0%
- Diluted EPS, 9 yr
- 18.1%
- Free cash flow, 3 yr
- 16.9%
- Free cash flow, 5 yr
- 20.0%
- Free cash flow, 9 yr
- 16.3%
Financial health · FY2025
- Cash and investments
- $10.6B
- Total debt
- $19.0B
- Net debt
- $8.4B
- Debt/Equity
- 2.5x
- Debt/FCF
- 1.1x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -2.1%
Financials: ten years from the 10-Ks
Revenue
$32.8B
+13.2% a year over 9 years
FY2016FY2025
Margins
57.6%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$17.2BOwner earnings$16.6B
Free cash flow +16.3% a year
FY2016FY2025
Diluted shares
906.0M
-17.7% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
94.2%
FY2025
FY2016FY2025
Net debt (below zero)
-$8.4B
$8.4B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $10.8B | $12.5B | $21.8B | $25.0B | $23.6B | $29.8B | $22.2B | $25.1B | $28.2B | $32.8B |
| Revenue growth | 11.5% | 16.0% | 74.7% | 14.4% | -5.5% | 26.4% | -25.5% | 12.9% | 12.2% | 16.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 53.5% | 53.0% | 33.4% | 38.7% | 34.2% | 33.8% | 55.2% | 55.8% | 55.3% | 57.6% |
| Net income | – | – | – | – | – | – | – | – | – | – |
| Net margin | – | – | – | – | – | – | – | – | – | – |
| Diluted EPS | $3.69 | $3.65 | $5.60 | $7.94 | $6.37 | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 |
| Return on invested capital? | 100.6% | 80.2% | 117.3% | 108.5% | 74.6% | 61.6% | 78.0% | 82.0% | 80.8% | 94.2% |
| Cash | ||||||||||
| Operating cash flow | $4.6B | $5.7B | $6.2B | $8.2B | $7.2B | $9.5B | $11.2B | $12.0B | $14.8B | $17.6B |
| Capital expenditure | $215.0M | $300.0M | $330.0M | $422.0M | $339.0M | $407.0M | $442.0M | $371.0M | $474.0M | $489.0M |
| Free cash flow | $4.4B | $5.4B | $5.9B | $7.8B | $6.9B | $9.1B | $10.8B | $11.6B | $14.3B | $17.2B |
| Stock-based compensation | $149.0M | $176.0M | $196.0M | $250.0M | $254.0M | $273.0M | $295.0M | $460.0M | $526.0M | $597.0M |
| Owner earnings? | $4.3B | $5.2B | $5.7B | $7.5B | $6.6B | $8.8B | $10.5B | $11.1B | $13.8B | $16.6B |
| Free cash flow per share | $4.02 | $5.00 | $5.63 | $7.59 | $6.84 | $9.13 | $11.07 | $12.27 | $15.43 | $18.94 |
| Capital allocation | ||||||||||
| Dividends paid | $837.0M | $942.0M | $1.0B | $1.3B | $1.6B | $1.7B | $1.9B | $2.2B | $2.4B | $2.8B |
| Share repurchases | $3.5B | $3.8B | $4.9B | $6.5B | $4.5B | $5.9B | $8.8B | $9.0B | $11.0B | $11.7B |
| Diluted shares | 1.10B | 1.07B | 1.05B | 1.02B | 1.01B | 992.0M | 971.0M | 946.0M | 927.0M | 906.0M |
| Share count change? | -3.2% | -2.6% | -2.3% | -2.4% | -1.6% | -1.4% | -2.1% | -2.6% | -2.0% | -2.3% |
| Balance sheet | ||||||||||
| Cash and equivalents | $6.7B | $5.9B | $6.7B | $7.0B | $10.1B | $7.4B | $7.0B | $8.6B | $8.4B | $10.6B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $5.2B | $5.4B | $6.3B | $8.5B | $12.7B | $13.9B | $14.0B | $15.7B | $18.2B | $19.0B |
| Net debt | -$1.5B | -$509.0M | -$348.0M | $1.5B | $2.6B | $6.5B | $7.0B | $7.1B | $9.8B | $8.4B |
| Shareholders' equity | $5.7B | $5.5B | $5.4B | $5.9B | $6.4B | $7.3B | $6.3B | $6.9B | $6.5B | $7.7B |
Latest filings
| 2026-10-29 | 10-Q | Quarterly report |
| 2026-10-29 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-30 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-27 | DEF 14A | Proxy statement |
| 2026-02-11 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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