Cash flow Mastercard, Inc.

Equities

MA

US57636Q1040

Internet Services

Market Closed - Nyse Other stock markets 04:00:03 2026-06-05 pm EDT			5-day change	1st Jan Change
491.08 ^USD	+1.93%		-0.59%	-13.98%

Jun. 04	Xryma Plc And Mastercard Enter Strategic Partnership To Scale Cross-Border Account-To-Account Payments	CI
Jun. 04	Wall Street's Chip Boom Gets a Warning

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Published financial data: MASTERCARD, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	18.88B	22.24B	25.1B	28.17B	32.79B
Total Revenues	18.88B	22.24B	25.1B	28.17B	32.79B
Gross Profit	18.88B	22.24B	25.1B	28.17B	32.79B
Selling General & Admin Expenses, Total	7.89B	8.86B	9.75B	10.82B	12.25B
Depreciation & Amortization - (IS)	726M	750M	799M	897M	1.14B
Other Operating Expenses, Total	8.62B	9.61B	10.55B	11.72B	13.39B
Operating Income	10.27B	12.62B	14.55B	16.45B	19.4B
Interest Expense, Total	-431M	-471M	-575M	-646M	-722M
Interest And Investment Income	11M	61M	274M	327M	325M
Net Interest Expenses	-420M	-410M	-301M	-319M	-397M
Other Non Operating Income (Expenses)	-10M	19M	-6M	20M	166M
EBT, Excl. Unusual Items	9.84B	12.23B	14.24B	16.15B	19.17B
Restructuring Charges	-	-	-	-190M	-
Gain (Loss) On Sale Of Investments	645M	-145M	-61M	-29M	-88M
Legal Settlements	-94M	-356M	-539M	-680M	-504M
Other Unusual Items	-82M	-	-	-	-
EBT, Incl. Unusual Items	10.31B	11.73B	13.64B	15.25B	18.58B
Income Tax Expense	1.62B	1.8B	2.44B	2.38B	3.61B
Earnings From Continuing Operations	8.69B	9.93B	11.2B	12.87B	14.97B
Net Income to Company	8.69B	9.93B	11.2B	12.87B	14.97B
Net Income - (IS)	8.69B	9.93B	11.2B	12.87B	14.97B
Net Income to Common Incl Extra Items	8.69B	9.93B	11.2B	12.87B	14.97B
Net Income to Common Excl. Extra Items	8.69B	9.93B	11.2B	12.87B	14.97B
Per Share Items
Net EPS - Basic	8.79	10.26	11.86	13.92	16.54
Basic EPS - Continuing Operations	8.79	10.26	11.86	13.92	16.54
Basic Weighted Average Shares Outstanding	988M	968M	944M	925M	905M
Net EPS - Diluted	8.76	10.22	11.83	13.89	16.52
Diluted EPS - Continuing Operations	8.76	10.22	11.83	13.89	16.52
Diluted Weighted Average Shares Outstanding	992M	971M	946M	927M	906M
Normalized Basic EPS	6.22	7.9	9.43	10.91	13.24
Normalized Diluted EPS	6.2	7.87	9.41	10.89	13.22
Dividend Per Share	1.81	2.04	2.37	2.74	3.15
Payout Ratio	20.04	19.16	19.28	19.02	18.41
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
EBITDA	10.99B	13.37B	15.34B	17.35B	20.54B
EBITA	10.69B	13.04B	15B	16.98B	20.16B
EBIT	10.27B	12.62B	14.55B	16.45B	19.4B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	15.72	15.36	17.92	15.6	19.43
Current Domestic Taxes	714M	1.16B	1.12B	1.24B	1.07B
Current Foreign Taxes	976M	1.3B	1.56B	1.67B	2.49B
Total Current Taxes	1.69B	2.45B	2.68B	2.91B	3.55B
Deferred Domestic Taxes	-35M	-701M	-198M	-211M	-141M
Deferred Foreign Taxes	-35M	50M	-39M	-316M	198M
Total Deferred Taxes	-70M	-651M	-237M	-527M	57M
Normalized Net Income	6.15B	7.65B	8.9B	10.1B	11.98B
Non-Cash Pension Expense	-11M	-5M	0	-	-
Supplemental Operating Expense Items
Advertising Expense	895M	789M	825M	815M	929M
Selling and Marketing Expenses	895M	789M	825M	815M	929M
General and Administrative Expenses	7B	8.08B	8.93B	10B	11.32B
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	273M	295M	460M	526M	597M
Total Stock-Based Compensation	273M	295M	460M	526M	597M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.42B	7.01B	8.59B	8.44B	10.57B
Short Term Investments	473M	400M	592M	330M	332M
Total Cash And Short Term Investments	7.89B	7.41B	9.18B	8.77B	10.9B
Accounts Receivable, Total	3.01B	3.42B	4.06B	3.77B	4.61B
Total Receivables	3.01B	3.42B	4.06B	3.77B	4.61B
Restricted Cash	586M	589M	-	492M	561M
Other Current Assets, Total	5.46B	5.18B	5.72B	6.69B	7.49B
Total Current Assets	16.95B	16.61B	18.96B	19.72B	23.56B
Gross Property Plant And Equipment	3.52B	3.91B	4.3B	4.53B	5.06B
Accumulated Depreciation	-1.61B	-1.9B	-2.24B	-2.39B	-2.76B
Net Property Plant And Equipment	1.91B	2.01B	2.06B	2.14B	2.3B
Long-term Investments	1.83B	1.73B	1.73B	1.61B	1.7B
Goodwill	7.66B	7.52B	7.66B	9.19B	9.56B
Other Intangibles, Total	3.67B	3.86B	4.09B	5.45B	5.55B
Deferred Tax Assets Long-Term	486M	1.15B	1.36B	1.61B	1.57B
Deferred Charges Long-Term	3.8B	4.58B	5.17B	6.55B	7.87B
Other Long-Term Assets, Total	1.36B	1.27B	1.43B	1.8B	2.04B
Total Assets	37.67B	38.72B	42.45B	48.08B	54.16B
Liabilities
Accounts Payable, Total	738M	926M	834M	929M	999M
Accrued Expenses, Total	6.31B	7.52B	8.03B	9.94B	12.36B
Current Portion of Long-Term Debt	792M	274M	1.34B	750M	749M
Current Portion of Leases	127M	140M	142M	133M	157M
Current Income Taxes Payable	337M	279M	486M	454M	914M
Unearned Revenue Current, Total	482M	434M	459M	890M	1.14B
Other Current Liabilities	4.38B	4.59B	4.97B	6.12B	6.45B
Total Current Liabilities	13.16B	14.17B	16.26B	19.22B	22.76B
Long-Term Debt	13.11B	13.75B	14.34B	17.48B	18.25B
Long-Term Leases	645M	630M	633M	627M	676M
Unearned Revenue Non Current	180M	248M	318M	449M	424M
Pension & Other Post Retirement Benefits	72M	46M	52M	-	-
Deferred Tax Liability Non Current	395M	393M	369M	317M	307M
Other Non Current Liabilities	2.69B	3.11B	3.47B	3.48B	3.99B
Total Liabilities	30.26B	32.35B	35.45B	41.57B	46.41B
Additional Paid In Capital	5.06B	5.3B	5.89B	6.44B	6.91B
Retained Earnings	45.65B	53.61B	62.56B	72.91B	85.04B
Treasury Stock	-42.59B	-51.35B	-60.43B	-71.43B	-83.22B
Comprehensive Income and Other	-809M	-1.25B	-1.1B	-1.43B	-981M
Total Common Equity	7.31B	6.3B	6.93B	6.48B	7.74B
Minority Interest	100M	79M	68M	30M	9M
Total Equity	7.41B	6.38B	7B	6.52B	7.75B
Total Liabilities And Equity	37.67B	38.72B	42.45B	48.08B	54.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	977M	953M	933M	912M	892M
ECS Total Common Shares Outstanding	980M	956M	934M	914M	894M
Book Value / Share	7.46	6.59	7.41	7.1	8.65
Tangible Book Value	-4.02B	-5.08B	-4.82B	-8.16B	-7.38B
Tangible Book Value Per Share	-4.1	-5.32	-5.15	-8.93	-8.25
Total Debt	14.67B	14.79B	16.46B	18.99B	19.83B
Net Debt	6.15B	6.99B	6.77B	9.98B	8.73B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-92M	-38M	-29M	-44M	-47M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	100M	79M	68M	30M	9M
Equity Method Investments, Total	255M	244M	215M	230M	260M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	615M	652M	678M	709M	744M
Machinery, Total	1.55B	1.81B	2.03B	2.22B	2.45B
Full Time Employees	24K	29.9K	33.4K	35.3K	39.8K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	8.69B	9.93B	11.2B	12.87B	14.97B
Depreciation & Amortization - CF	424M	473M	483M	519M	544M
Amortization of Goodwill and Intangible Assets - (CF)	424M	414M	457M	523M	760M
Depreciation & Amortization, Total	848M	887M	940M	1.04B	1.3B
Amortization of Deferred Charges, Total - (CF)	1.37B	1.59B	1.62B	1.83B	2.1B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-645M	145M	61M	29M	88M
Stock-Based Compensation (CF)	273M	295M	460M	526M	597M
Other Operating Activities, Total	-155M	-744M	-355M	-481M	35M
Change In Accounts Receivable	-7M	-433M	-546M	186M	-642M
Change In Accounts Payable	100M	190M	-99M	75M	45M
Change In Income Taxes	-139M	-109M	-300M	-328M	-276M
Change in Other Net Operating Assets	-870M	-552M	-998M	-973M	-569M
Cash from Operations	9.46B	11.2B	11.98B	14.78B	17.65B
Capital Expenditure	-407M	-442M	-371M	-474M	-489M
Cash Acquisitions	-4.44B	-313M	-	-2.51B	-
Sale (Purchase) of Intangible assets	-407M	-655M	-717M	-720M	-726M
Investment in Marketable and Equity Securities, Total	-55M	-57M	-257M	306M	-149M
Other Investing Activities, Total	33M	-3M	-6M	-3M	2M
Cash from Investing	-5.27B	-1.47B	-1.35B	-3.4B	-1.36B
Long-Term Debt Issued, Total	2.02B	1.12B	1.55B	3.96B	1.24B
Total Debt Issued	2.02B	1.12B	1.55B	3.96B	1.24B
Long-Term Debt Repaid, Total	-650M	-724M	-	-1.34B	-750M
Total Debt Repaid	-650M	-724M	-	-1.34B	-750M
Issuance of Common Stock	61M	90M	237M	224M	203M
Repurchase of Common Stock	-6.04B	-8.89B	-9.12B	-11.21B	-12.02B
Common Dividends Paid	-1.74B	-1.9B	-2.16B	-2.45B	-2.76B
Common & Preferred Stock Dividends Paid	-1.74B	-1.9B	-2.16B	-2.45B	-2.76B
Other Financing Activities, Total	-212M	-20M	-	-23M	-100M
Cash from Financing	-6.56B	-10.33B	-9.49B	-10.84B	-14.18B
Foreign Exchange Rate Adjustments	-153M	-103M	128M	-199M	333M
Net Change in Cash	-2.52B	-706M	1.27B	343M	2.44B
Supplemental Items
Cash Interest Paid	399M	414M	477M	571M	680M
Cash Income Tax Paid (Refund)	1.82B	2.51B	2.75B	3.25B	3.02B
Levered Free Cash Flow	8.46B	10.64B	11.11B	14.46B	16.27B
Unlevered Free Cash Flow	8.73B	10.93B	11.47B	14.87B	16.72B
Change In Net Working Capital	-632M	-1.37B	-445M	-2.38B	-1.81B
Net Debt Issued / Repaid	1.37B	399M	1.55B	2.62B	492M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	18.01	20.66	22.4	22.72	23.72
Return on Total Capital	30.47	36.48	40.75	42.01	45.69
Return On Equity %	124.73	144.03	167.41	190.56	209.92
Return on Common Equity	126.79	145.92	169.27	191.95	210.49
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	41.78	39.86	38.86	38.41	37.35
EBITDA Margin %	58.22	60.14	61.14	61.59	62.65
EBITA Margin %	56.62	58.63	59.78	60.27	61.48
EBIT Margin %	54.37	56.77	57.96	58.41	59.17
Income From Continuing Operations Margin %	46	44.66	44.61	45.71	45.65
Net Income Margin %	46	44.66	44.61	45.71	45.65
Net Avail. For Common Margin %	46	44.66	44.61	45.71	45.65
Normalized Net Income Margin	32.56	34.38	35.46	35.84	36.54
Levered Free Cash Flow Margin	44.79	47.84	44.27	51.35	49.62
Unlevered Free Cash Flow Margin	46.22	49.16	45.7	52.78	50.99
Asset Turnover
Asset Turnover	0.53	0.58	0.62	0.62	0.64
Fixed Assets Turnover	9.92	11.37	12.34	13.42	14.77
Receivables Turnover (Average Receivables)	6.68	6.92	6.71	7.19	7.82
Short Term Liquidity
Current Ratio	1.29	1.17	1.17	1.03	1.03
Quick Ratio	0.83	0.76	0.81	0.65	0.68
Operating Cash Flow to Current Liabilities	0.72	0.79	0.74	0.77	0.78
Days Sales Outstanding (Average Receivables)	54.62	52.78	54.43	50.89	46.65
Long Term Solvency
Total Debt/Equity	197.96	231.97	235.19	291.42	256.04
Total Debt / Total Capital	66.44	69.88	70.17	74.45	71.91
LT Debt/Equity	185.56	225.48	214.05	277.87	244.35
Long-Term Debt / Total Capital	62.28	67.92	63.86	70.99	68.63
Total Liabilities / Total Assets	80.32	83.53	83.52	86.45	85.7
EBIT / Interest Expense	23.82	26.8	25.3	25.47	26.87
EBITDA / Interest Expense	25.51	28.39	26.69	26.86	28.45
(EBITDA - Capex) / Interest Expense	24.56	27.46	26.04	26.12	27.78
Total Debt / EBITDA	1.33	1.11	1.07	1.09	0.97
Net Debt / EBITDA	0.56	0.52	0.44	0.58	0.43
Total Debt / (EBITDA - Capex)	1.39	1.14	1.1	1.13	0.99
Net Debt / (EBITDA - Capex)	0.58	0.54	0.45	0.59	0.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.42	17.76	12.87	12.23	16.42
Gross Profit, 1 Yr. Growth %	23.42	17.76	12.87	12.23	16.42
EBITDA, 1 Yr. Growth %	25.76	21.65	14.74	13.05	18.42
EBITA, 1 Yr. Growth %	26.31	21.94	15.07	13.14	18.77
EBIT, 1 Yr. Growth %	25.8	22.94	15.22	13.1	17.92
Earnings From Cont. Operations, 1 Yr. Growth %	35.5	14.31	12.74	15	16.27
Net Income, 1 Yr. Growth %	35.5	14.31	12.74	15	16.27
Normalized Net Income, 1 Yr. Growth %	26.08	24.34	16.4	13.44	18.68
Diluted EPS Before Extra, 1 Yr. Growth %	37.52	16.67	15.75	17.41	18.93
Accounts Receivable, 1 Yr. Growth %	13.61	13.94	18.54	-7.07	22.16
Net Property, Plant and Equip., 1 Yr. Growth %	0.26	5.19	2.74	3.74	7.72
Total Assets, 1 Yr. Growth %	12.16	2.8	9.62	13.27	12.64
Tangible Book Value, 1 Yr. Growth %	1.15K	26.41	-5.23	69.42	-9.61
Common Equity, 1 Yr. Growth %	14.41	-13.87	10.02	-6.41	19.31
Cash From Operations, 1 Yr. Growth %	30.99	18.3	7.01	23.37	19.4
Capital Expenditures, 1 Yr. Growth %	20.06	8.6	-16.06	27.76	3.16
Levered Free Cash Flow, 1 Yr. Growth %	37.11	25.77	4.45	30.17	12.48
Unlevered Free Cash Flow, 1 Yr. Growth %	36.23	25.26	4.92	29.61	12.46
Dividend Per Share, 1 Yr. Growth %	10.37	12.71	16.18	15.61	14.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.76	20.55	15.28	12.55	14.3
Gross Profit, 2 Yr. CAGR %	5.76	20.55	15.28	12.55	14.3
EBITDA, 2 Yr. CAGR %	3.88	23.69	18.14	13.63	15.7
EBITA, 2 Yr. CAGR %	3.65	24.11	18.46	13.83	15.92
EBIT, 2 Yr. CAGR %	3.06	24.37	19.02	13.88	15.48
Earnings From Cont. Operations, 2 Yr. CAGR %	3.45	24.45	13.52	13.86	15.63
Net Income, 2 Yr. CAGR %	3.45	24.45	13.52	13.86	15.63
Normalized Net Income, 2 Yr. CAGR %	1.42	25.21	20.31	14.6	16.03
Diluted EPS Before Extra, 2 Yr. CAGR %	5.04	26.66	16.21	16.58	18.17
Accounts Receivable, 2 Yr. CAGR %	-26.13	13.77	16.22	4.96	6.55
Net Property, Plant and Equip., 2 Yr. CAGR %	2.14	2.7	3.96	3.24	5.71
Total Assets, 2 Yr. CAGR %	13.51	7.38	6.15	11.43	12.95
Tangible Book Value, 2 Yr. CAGR %	197.28	297.31	9.45	26.71	23.75
Common Equity, 2 Yr. CAGR %	11.39	-0.73	-2.65	1.47	5.67
Cash From Operations, 2 Yr. CAGR %	7.54	24.49	12.52	14.9	21.37
Capital Expenditures, 2 Yr. CAGR %	-1.79	14.19	-4.52	3.56	14.81
Levered Free Cash Flow, 2 Yr. CAGR %	14.44	31.32	14.61	16.39	21
Unlevered Free Cash Flow, 2 Yr. CAGR %	15.01	30.63	14.64	16.41	20.73
Dividend Per Share, 2 Yr. CAGR %	14.11	11.53	14.43	15.89	15.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.1	9.62	17.93	14.26	13.82
Gross Profit, 3 Yr. CAGR %	8.1	9.62	17.93	14.26	13.82
EBITDA, 3 Yr. CAGR %	7.39	9.49	20.63	16.42	15.2
EBITA, 3 Yr. CAGR %	7.25	9.42	21.02	16.66	15.45
EBIT, 3 Yr. CAGR %	6.85	9.3	21.24	17.02	15.21
Earnings From Cont. Operations, 3 Yr. CAGR %	14.03	6.95	20.42	14.01	14.66
Net Income, 3 Yr. CAGR %	14.03	6.95	20.42	14.01	14.66
Normalized Net Income, 3 Yr. CAGR %	5.69	8.55	22.2	17.97	15.94
Diluted EPS Before Extra, 3 Yr. CAGR %	16.08	8.78	22.92	16.61	17.36
Accounts Receivable, 3 Yr. CAGR %	-14.01	-14.65	15.34	7.87	10.4
Net Property, Plant and Equip., 3 Yr. CAGR %	27.46	3.15	2.71	3.88	4.71
Total Assets, 3 Yr. CAGR %	14.86	9.82	8.12	8.48	11.83
Tangible Book Value, 3 Yr. CAGR %	38.91	123.55	146.4	26.61	13.22
Common Equity, 3 Yr. CAGR %	10.67	2.24	2.73	-3.92	7.1
Cash From Operations, 3 Yr. CAGR %	14.99	11.01	18.37	16.02	16.38
Capital Expenditures, 3 Yr. CAGR %	7.24	1.56	3.05	5.21	3.43
Levered Free Cash Flow, 3 Yr. CAGR %	6.24	18.1	21.67	19.58	15.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.78	18.33	21.43	19.43	15.08
Dividend Per Share, 3 Yr. CAGR %	18.78	13.64	13.06	14.82	15.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.87	12.22	10.92	10.78	16.47
Gross Profit, 5 Yr. CAGR %	11.87	12.22	10.92	10.78	16.47
EBITDA, 5 Yr. CAGR %	11.96	13.04	11.57	11.23	18.64
EBITA, 5 Yr. CAGR %	11.89	13.05	11.6	11.27	18.95
EBIT, 5 Yr. CAGR %	11.81	13.14	11.56	11.22	18.91
Earnings From Cont. Operations, 5 Yr. CAGR %	16.44	20.46	13.83	9.66	18.48
Net Income, 5 Yr. CAGR %	16.44	20.46	13.83	9.66	18.48
Normalized Net Income, 5 Yr. CAGR %	11.29	12.78	11.31	11.05	19.69
Diluted EPS Before Extra, 5 Yr. CAGR %	18.88	22.87	16.13	11.83	21
Accounts Receivable, 5 Yr. CAGR %	3.92	0.52	-3	-7.29	11.74
Net Property, Plant and Equip., 5 Yr. CAGR %	21.07	19.33	17.48	3.18	3.9
Total Assets, 5 Yr. CAGR %	15.07	12.67	11.29	10.46	10.03
Tangible Book Value, 5 Yr. CAGR %	4.82	31.09	26.28	78.13	87.07
Common Equity, 5 Yr. CAGR %	5.27	2.87	5.13	1.93	3.9
Cash From Operations, 5 Yr. CAGR %	15.33	14.6	14	12.55	19.56
Capital Expenditures, 5 Yr. CAGR %	13.61	8.06	2.37	2.35	7.6
Levered Free Cash Flow, 5 Yr. CAGR %	11.52	12.84	9.52	17.5	21.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.95	13.08	9.86	17.64	21.15
Dividend Per Share, 5 Yr. CAGR %	18.03	17.52	17.02	14.54	13.94