Mastercard › Financials
Mastercard financials
MATen years from Mastercard’s own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.78B | $12.50B | $14.95B | $16.88B | $15.30B | $18.88B | $22.24B | $25.10B | $28.17B | $32.79B | $35.08B | — |
| Operating income | $5.76B | $6.62B | $7.28B | $9.66B | $8.08B | $10.08B | $12.26B | $14.01B | $15.58B | $18.90B | $20.46B | — |
| Net income | $4.05B | $3.92B | $5.85B | $8.12B | $6.48B | $8.68B | $9.92B | $11.18B | $12.86B | $14.95B | $16.23B | — |
| Earnings per share, diluted | $3.69 | $3.65 | $5.60 | $7.94 | $6.37 | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.72B | $5.93B | $6.68B | $6.99B | $10.11B | $7.42B | $7.01B | $8.59B | $8.44B | $10.57B | — | $11.29B |
| Total assets | $18.68B | $21.33B | $24.86B | $29.24B | $33.58B | $37.67B | $38.72B | $42.45B | $48.08B | $54.16B | — | $57.69B |
| Debt | $5.18B | $5.42B | $6.33B | $8.53B | $12.67B | $13.90B | $14.02B | $15.68B | $18.23B | $19.00B | — | $24.64B |
| Total liabilities | $12.99B | $15.76B | $19.37B | $23.25B | $27.07B | $30.26B | $32.35B | $35.45B | $41.57B | $46.41B | — | $52.09B |
| Shareholders' equity | $5.66B | $5.47B | $5.39B | $5.89B | $6.39B | $7.31B | $6.30B | $6.93B | $6.49B | $7.74B | — | $5.61B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.64B | $5.66B | $6.22B | $8.18B | $7.22B | $9.46B | $11.20B | $11.98B | $14.78B | $17.65B | $17.44B | — |
| Capital spending | $215.0M | $300.0M | $330.0M | $422.0M | $339.0M | $407.0M | $442.0M | $371.0M | $474.0M | $489.0M | $735.0M | — |
| Free cash flow | $4.42B | $5.36B | $5.89B | $7.76B | $6.88B | $9.06B | $10.75B | $11.61B | $14.31B | $17.16B | $16.70B | — |
| Buybacks | $3.51B | $3.76B | $4.93B | $6.50B | $4.47B | $5.90B | $8.75B | $9.03B | $10.95B | $11.73B | $15.82B | — |
| Dividends | $837.0M | $942.0M | $1.04B | $1.34B | $1.60B | $1.74B | $1.90B | $2.16B | $2.45B | $2.76B | $2.92B | — |
| Returned to shareholders | $4.35B | $4.70B | $5.98B | $7.84B | $6.08B | $7.64B | $10.66B | $11.19B | $13.40B | $14.48B | $18.74B | — |
| Stock-based pay | $149.0M | $176.0M | $196.0M | $250.0M | $254.0M | $273.0M | $295.0M | $460.0M | $526.0M | $597.0M | $615.0M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Mastercard financials, answered
What is Mastercard's market cap?
$536.82B at $617.42 a share, with 869,464,115 shares outstanding as of Jul 27, 2026, from the cover of its latest SEC filing.
How much does Mastercard earn?
Revenue of $35.08B and net income of $16.23B in the last 12 months to Jun 2026.
How much debt does Mastercard have?
Mastercard reported $24.64B of debt and $11.29B of cash and equivalents on its balance sheet in Jun 2026.
Does Mastercard make free cash flow?
Yes. Operating cash flow minus capital spending was $16.70B in the last 12 months to Jun 2026.
How much cash does Mastercard return to shareholders?
$14.48B in buybacks and dividends in fiscal 2025, from the cash flow statement.