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Companies / Financials / Mastercard
MA

Mastercard

FinancialsBusiness ServicesS&P 500
Ticker MAPURCHASE, NYFiscal year ends DecemberBook value per share $6.32Diluted shares 888.0M

Mastercard Incorporated (NYSE: MA) is a technology company in the global payments industry, connecting consumers, financial institutions, merchants, businesses, governments and digital partners through electronic payment networks and related services. Its network authorizes, clears and settles transactions, while its… From the company’s description.

In fiscal 2025, Mastercard reported revenue of $32.79B, up 16.4% from fiscal 2024, and net income of $14.97B. Its operating margin was 57.6%, and operations generated $17.65B in cash. Over the twelve months to Jun 30, 2026, revenue was $35.08B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$32.79BFY2025
+16.4% year over year
Last 12 mo $35.08B
57.63%FY2025
+2.3 percentage points
Last 12 mo 58.33%
$14.97BFY2025
+16.3% year over year
Last 12 mo $16.26B
193.46%FY2025
−5.1 percentage points
Last 12 mo 289.73%
Cash & financing
$17.65BFY2025
+19.4% year over year
Last 12 mo $17.44B
$16.43BFY2025
+21.0% year over year
Last 12 mo $15.97B
2.73FY2025
Was 3.10× a year earlier
Last 12 mo 4.39
906.0MFY2025
−2.3% year over year
Last 12 mo 888.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Mastercard does

In the company’s own words

Mastercard Incorporated (NYSE: MA) is a technology company in the global payments industry, connecting consumers, financial institutions, merchants, businesses, governments and digital partners through electronic payment networks and related services. Its network authorizes, clears and settles transactions, while its capabilities also support automated clearing house and real-time account-to-account payments. Mastercard does not issue cards or extend credit; its customers include financial institutions, merchants, businesses and governments. The company offers consumer credit, debit and prepaid programs, commercial payment products, money movement, payment processing, security, digital authentication, data analytics, marketing and consulting services. Its principal brands include Mastercard, Maestro and Cirrus, and Mastercard Move supports domestic and cross-border transfers. Mastercard reports its business as one operating segment. In fiscal 2025, net revenue was $32.8 billion, and its network switched 175.5 billion transactions; it employed approximately 39,800 people at year-end. Its website is https://www.mastercard.com.

Company details
Sector
Financials
Industry (SIC)
Business Services
Headquarters
PURCHASE, NY
Fiscal year end
December
CIK
1141391
SIC
7389

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.51B$7.02B$17.54B$28.07B$38.59B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Mastercard — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.6K
funds hold it
11 of 35
superinvestors hold it
$140.07B
held by funds, at market
31.7%
of shares held by funds
28
bond issues held by funds

Superinvestors in Mastercard · what they did last quarter

Chuck AkreDECREASED -12.8%
Akre Capital Management
20.0%of 13F portfolio
Tom RussoDECREASED -2.1%
Gardner Russo & Quinn
8.8%of 13F portfolio
Terry SmithNEW
Fundsmith
4.7%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Mastercard’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.56%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.64%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.64%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.62%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Mastercard’s bonds, as funds hold them

Funds report holding 28 issues of Mastercard’s debt, $2.25B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.04%, maturing 2026 to 2051.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Mastercard and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Mastercard's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Mastercard's last four quarterly filings that the numbers alone won't show?”
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