Mastercard Incorporated financials
Key figures from Mastercard Incorporated's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | $9.8B | $8.6B | +14.0% |
| Net income | $4.6B | $3.9B | +17.9% |
| Free cash flow | $4.9B | $5.5B | -11.3% |
| Gross margin | — | — | — |
| Operating margin | 59.8% | 58.8% | +0.9 pts |
| Net margin | 47.2% | 45.7% | +1.5 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $32.8B | $15.0B | 45.6% | $17.2B | $16.52 |
| FY Dec 2024 | $28.2B | $12.9B | 45.7% | $14.3B | $13.89 |
| FY Dec 2023 | $25.1B | $11.2B | 44.6% | $11.6B | $11.83 |
| FY Dec 2022 | $22.2B | $9.9B | 44.7% | $10.8B | $10.22 |
| FY Dec 2021 | $29.8B | $8.7B | 29.1% | $9.1B | $8.76 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.