Mastercard Inc

10-K & 10-Q Filings

Mastercard Incorporated is a technology company in the global payments industry. The company connects consumers, financial institutions, merchants, governments, digital partners, businesses, and other organizations worldwide by enabling electronic payments and making those transactions safe, simple, smart, and accessible. Mastercard operates a multi-rail payments network that provides choice and flexibility for consumers, merchants, and customers. The company's business strategy centers on growing its core payments network, diversifying its customers and geographies, and building new capabilities through organic and inorganic strategic initiatives. Mastercard's key business segments include consumer credit, consumer debit and prepaid, commercial credit and debit, and new payment flows such as commercial point of sale, B2B accounts payable, disbursements and remittances, and consumer bill payments. The company offers a range of payment products and solutions, including consumer credit, consumer debit, prepaid, commercial point of sale, B2B accounts payable, disbursements and remittances, and consumer bill payments. Mastercard's website is mastercard.com, and its ticker symbol is MA on the New York Stock Exchange. The company's mission is to power commerce by connecting consumers, financial institutions, merchants, governments, digital partners, businesses, and other organizations worldwide. Mastercard's technology provides resiliency, scalability, and flexibility in how it serves customers, enabling broader reach to scale digital payment services across multiple channels. The company's technology standards, services, and governance model help it serve as the connection that allows financial institutions, fintechs, and technology companies to interoperate and enable consumers, businesses, governments, and merchants to engage through digital channels.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$6714.00
7391.00
8346.00
9473.00
9667.00
10776.00
12497.00
14950.00
16883.00
15301.00
18884.00
22237.00
25098.00
5748.00
6348.00
11.61%10.44%Cost of Revenue (-)
$
Selling, General & Administrative (-)
$3037.00
3204.00
3490.00
4046.00
4162.00
4525.00
5424.00
6081.00
6697.00
6567.00
7982.00
8867.00
9752.00
2210.00
2402.00
10.21%8.69%Marketing Expenses (-)
$841.00
775.00
841.00
862.00
821.00
811.00
898.00
907.00
934.00
657.00
895.00
789.00
825.00
167.00
116.00
-0.16%-30.54%Depreciation & Amortization (-)
$194.00
230.00
258.00
321.00
366.00
373.00
436.00
459.00
522.00
580.00
726.00
750.00
799.00
191.00
216.00
12.52%13.09%Operating Expenses (-)
$3231.00
3434.00
3748.00
4367.00
4589.00
5015.00
5875.00
7668.00
7219.00
7220.00
8802.00
9973.00
11090.00
2612.00
2744.00
10.82%5.05%Costs & Expenses (Total) (-)
$4001.00
3454.00
3843.00
4367.00
4589.00
5015.00
5875.00
7668.00
7219.00
7220.00
8802.00
9973.00
11090.00
2612.00
2744.00
8.87%5.05%Operating Income/Loss (+)
$2713.00
3937.00
4503.00
5106.00
5078.00
5761.00
6622.00
7282.00
9664.00
8081.00
10082.00
12264.00
14008.00
3136.00
3604.00
14.66%14.92%Non-operating Income/Expense (+)
$33.00
-5.00
-3.00
-27.00
-120.00
-115.00
-100.00
-78.00
67.00
-321.00
225.00
-532.00
-369.00
-283.00
-46.00
83.75%Interest Expense (-)
$25.00
20.00
14.00
48.00
61.00
95.00
154.00
186.00
224.00
380.00
431.00
471.00
575.00
132.00
150.00
29.86%13.64%Earnings before Tax (+)
$2746.00
3932.00
4500.00
5079.00
4958.00
5646.00
6522.00
7204.00
9731.00
7760.00
10307.00
11732.00
13639.00
2853.00
3558.00
14.29%24.71%Tax Expense (-)
$842.00
1174.00
1384.00
1462.00
1150.00
1587.00
2607.00
1345.00
1613.00
1349.00
1620.00
1802.00
2444.00
492.00
547.00
9.29%11.18%Income/Loss (Continuing Operations) (+)
$1904.00
2758.00
3116.00
3617.00
3808.00
4059.00
3915.00
5859.00
8118.00
6411.00
8687.00
9930.00
11195.00
2361.00
3011.00
15.91%27.53%Profit/Loss (+)
$1904.00
2758.00
3617.00
3808.00
4059.00
3915.00
5859.00
8118.00
6411.00
8687.00
9930.00
11195.00
2361.00
3011.00
15.91%27.53%Net Income/Loss (NCI) (-)
$-2.00
-1.00
Net Income/Loss (+)
$1906.00
2759.00
3116.00
3617.00
3808.00
4059.00
3915.00
5859.00
8118.00
6411.00
8687.00
9930.00
11195.00
2361.00
3011.00
15.90%27.53%Net Income/Loss (Common) (+)
$1906.00
2759.00
3116.00
3617.00
3808.00
4059.00
3915.00
5859.00
8118.00
6411.00
8687.00
9930.00
11195.00
2361.00
3011.00
15.90%27.53%EPS (Basic)
$14.90
22.02
2.57
3.11
3.36
3.70
3.67
5.63
7.98
6.40
8.79
10.26
11.86
2.48
3.23
-1.88%30.24%EPS (Diluted)
$14.85
21.94
2.56
3.10
3.35
3.69
3.65
5.60
7.94
6.37
8.76
10.22
11.83
2.47
3.22
-1.88%30.36%Weighted Avg Shares (Basic)
128.00
125.00
1211.00
1165.00
1134.00
1098.00
1067.00
1041.00
1017.00
1002.00
988.00
968.00
944.00
953.00
933.00
18.12%-2.10%Weighted Avg Shares (Diluted)
128.00
126.00
1215.00
1169.00
1137.00
1101.00
1072.00
1047.00
1022.00
1006.00
992.00
971.00
946.00
956.00
935.00
18.14%-2.20%Cash
$3734.00
2778.00
4322.00
5677.00
6288.00
7264.00
6479.00
7235.00
7572.00
10699.00
8007.00
7597.00
8588.00
7162.00
7293.00
7.19%1.83%Short-term Investments
$1215.00
2951.00
2696.00
1168.00
Receivables
$808.00
925.00
966.00
1109.00
1079.00
1416.00
1969.00
2276.00
2514.00
2646.00
3006.00
3425.00
4060.00
3511.00
4231.00
14.40%20.51%Prepaid Expenses (Current)
$404.00
681.00
3028.00
Other Assets (Current)
$1580.00
2022.00
2966.00
3043.00
3618.00
4548.00
5349.00
6660.00
6816.00
5768.00
5936.00
5584.00
6313.00
5747.00
3872.00
12.24%-32.63%Assets (Current)
$7741.00
9357.00
10950.00
10997.00
10985.00
13228.00
13797.00
16171.00
16902.00
19113.00
16949.00
16606.00
18961.00
16420.00
18424.00
7.75%12.20%Securities & Long-term Investments
$106.00
Property, Plant & Equipment (Net)
$449.00
472.00
526.00
615.00
675.00
733.00
829.00
921.00
1828.00
1902.00
1907.00
2006.00
2061.00
2006.00
2077.00
13.54%3.54%Goodwill & Intangibles
$1679.00
1764.00
1794.00
2236.00
2694.00
2478.00
4155.00
3895.00
5438.00
6713.00
11333.00
11381.00
11746.00
11602.00
11668.00
17.60%0.57%Other Assets
$718.00
869.00
972.00
1481.00
1915.00
2236.00
2548.00
3873.00
5068.00
5856.00
7480.00
8731.00
9680.00
8908.00
10433.00
24.21%17.12%Assets (Non-current)
$2952.00
3105.00
3292.00
4332.00
5284.00
5447.00
7532.00
8689.00
12334.00
14471.00
20720.00
22118.00
23487.00
22516.00
24178.00
18.87%7.38%Assets (Total)
$10693.00
12462.00
14242.00
15329.00
16269.00
18675.00
21329.00
24860.00
29236.00
33584.00
37669.00
38724.00
42448.00
38936.00
42602.00
12.18%9.42%Accounts Payable
$1970.00
2105.00
2439.00
2858.00
3235.00
3927.00
4864.00
5284.00
5978.00
5957.00
7380.00
8727.00
9351.00
8045.00
8852.00
13.86%10.03%Debt (Current)
$
500.00
649.00
792.00
274.00
1337.00
276.00
2086.00
655.80%Other Liabilities (Current)
$2247.00
2801.00
3593.00
3364.00
3034.00
3279.00
3929.00
5809.00
5926.00
5241.00
4990.00
5170.00
5576.00
5330.00
5967.00
7.87%11.95%Liabilities (Current)
$4217.00
4906.00
6032.00
6222.00
6269.00
7206.00
8793.00
11593.00
11904.00
11847.00
13162.00
14171.00
16264.00
13651.00
16905.00
11.91%23.84%Debt (Non-current)
$
1494.00
3287.00
5180.00
5424.00
5834.00
8527.00
12023.00
13109.00
13749.00
14344.00
15292.00
13543.00
-11.44%Other Liabilities
$599.00
627.00
715.00
789.00
651.00
605.00
1544.00
1944.00
2814.00
3197.00
3986.00
4427.00
4843.00
4586.00
4846.00
19.03%5.67%Liabilities (Non-current)
$599.00
627.00
715.00
2283.00
3938.00
5785.00
6968.00
7778.00
11341.00
15220.00
17095.00
18176.00
19187.00
19878.00
18389.00
33.50%-7.49%Liabilities (Total)
$4816.00
5533.00
6747.00
8505.00
10207.00
12991.00
15761.00
19371.00
23245.00
27067.00
30257.00
32347.00
35451.00
33529.00
35294.00
18.10%5.26%Treasury Stock
$2394.00
4139.00
6577.00
9995.00
13522.00
17021.00
20764.00
25750.00
32205.00
36658.00
42588.00
51354.00
60429.00
54241.00
62434.00
30.87%15.10%Retained Earnings
$4745.00
7354.00
10121.00
13169.00
16222.00
19418.00
22364.00
27283.00
33984.00
38747.00
45648.00
53607.00
62564.00
55424.00
64959.00
23.98%17.20%AOCI
$-2.00
61.00
178.00
-260.00
-676.00
-924.00
-497.00
-718.00
-673.00
-680.00
-809.00
-1253.00
-1099.00
-1229.00
-1202.00
2.20%Shareholder's Equity
$5877.00
6929.00
7495.00
6824.00
6062.00
5684.00
5497.00
5418.00
5917.00
6488.00
7383.00
6356.00
6975.00
5386.00
7286.00
1.44%35.28%Liabilities & Equity
$10693.00
12462.00
14242.00
15329.00
16269.00
18675.00
21329.00
24860.00
29236.00
33584.00
37669.00
38724.00
42448.00
38936.00
42602.00
12.18%9.42%Net Income/Loss
$1904.00
2758.00
3116.00
3617.00
3808.00
4059.00
3915.00
5859.00
8118.00
6411.00
8687.00
9930.00
11195.00
2361.00
3011.00
15.91%27.53%Depreciation & Amortization
$194.00
230.00
258.00
321.00
366.00
373.00
437.00
459.00
522.00
580.00
726.00
750.00
799.00
191.00
216.00
12.52%13.09%Increase/Decrease in Working Capital
$-707.00
334.00
-750.00
1168.00
820.00
867.00
286.00
1313.00
1698.00
1150.00
916.00
904.00
1943.00
1204.00
2103.00
74.67%Share-based Compensation
$80.00
89.00
63.00
-15.00
22.00
50.00
176.00
196.00
250.00
254.00
273.00
295.00
460.00
108.00
108.00
15.69%0.00%Adjustments to Reconcile Net Income
$785.00
190.00
1019.00
-210.00
235.00
425.00
1640.00
364.00
65.00
813.00
776.00
1265.00
785.00
-442.00
-1339.00
0.00%-202.94%Net Cash (Operating)
$2684.00
2948.00
4135.00
3407.00
4043.00
4484.00
5555.00
6223.00
8183.00
7224.00
9463.00
11195.00
11980.00
1919.00
1672.00
13.28%-12.87%Capital Expenditure
$711.00
406.00
319.00
859.00
926.00
382.00
1598.00
504.00
2168.00
1697.00
5064.00
1403.00
1044.00
308.00
378.00
3.25%22.73%Net Cash (Investing)
$-748.00
-2839.00
-4.00
690.00
-715.00
-1167.00
-1779.00
-506.00
-1640.00
-1879.00
-5272.00
-1470.00
-1351.00
-397.00
-174.00
56.17%Increase/Decrease in Debt
$-21.00
35.00
1530.00
1735.00
1972.00
-64.00
991.00
2224.00
3959.00
1374.00
399.00
1554.00
1489.00
Increase/Decrease in Equity
$-1148.00
-1748.00
-2443.00
-3386.00
-3518.00
-3511.00
-3705.00
-4829.00
-6371.00
-4376.00
-5843.00
-8663.00
-8795.00
-2825.00
-1895.00
32.92%Dividends Paid
$77.00
132.00
255.00
515.00
727.00
837.00
942.00
1044.00
1345.00
1605.00
1741.00
1903.00
2158.00
545.00
616.00
32.02%13.03%Net Cash (Financing)
$-1215.00
-1798.00
-2629.00
-2339.00
-2458.00
-2293.00
-4764.00
-4966.00
-5867.00
-2152.00
-6555.00
-10328.00
-9488.00
-1955.00
-2681.00
-37.14%Effect of Exchange Rate
$-54.00
7.00
45.00
-220.00
-260.00
-50.00
200.00
-6.00
-44.00
257.00
-153.00
-103.00
128.00
37.00
-95.00
-356.76%Increase/Decrease in Cash
$667.00
-1682.00
1547.00
1538.00
610.00
974.00
-788.00
745.00
632.00
3450.00
-2517.00
-706.00
1269.00
-396.00
-1278.00
5.51%-222.73%Cash (Beginning)
$3067.00
3734.00
2052.00
3599.00
5137.00
5747.00
6721.00
7592.00
8337.00
8969.00
12419.00
9902.00
9196.00
9196.00
10465.00
9.58%13.80%Cash (Ending)
$3734.00
2052.00
3599.00
5137.00
5747.00
6721.00
5933.00
8337.00
8969.00
12419.00
9902.00
9196.00
10465.00
8800.00
9187.00
8.97%4.40%NOPAT
$1881.12
2761.51
3118.08
3636.23
3900.17
4141.68
3975.03
5922.44
8062.11
6676.20
8497.36
10380.29
11497.88
2595.20
3049.93
16.28%17.52%Operating Margin %
40.41%
53.27%
53.95%
53.90%
52.53%
53.46%
52.99%
48.71%
57.24%
52.81%
53.39%
55.15%
55.81%
54.56%
56.77%
NOPAT Margin %
28.02%
37.36%
37.36%
38.39%
40.35%
38.43%
31.81%
39.61%
47.75%
43.63%
45.00%
46.68%
45.81%
45.15%
48.05%
Net Margin %
28.39%
37.33%
37.34%
38.18%
39.39%
37.67%
31.33%
39.19%
48.08%
41.90%
46.00%
44.66%
44.61%
41.08%
47.43%
Tax Rate %
30.66%
29.86%
30.76%
28.79%
23.19%
28.11%
39.97%
18.67%
16.58%
17.38%
15.72%
15.36%
17.92%
17.25%
15.37%
ROA
17.59%
22.16%
21.89%
23.72%
23.97%
22.18%
18.64%
23.82%
27.58%
19.88%
22.56%
26.81%
27.09%
6.67%
7.16%
ROE
32.01%
39.85%
41.60%
53.29%
64.34%
72.87%
72.31%
109.31%
136.25%
102.90%
115.09%
163.31%
164.84%
48.18%
41.86%
ROIC
204.94%
256.74%
989.99%
588.53%
2999.04%
289.26%
1486.18%
319.00%
158.44%
102.88%
134.40%
139.57%
37.16%
31.11%
Asset Turnover
0.63
0.59
0.59
0.62
0.59
0.58
0.59
0.60
0.58
0.46
0.50
0.57
0.59
0.15
0.15
Equity Multiplier
1.82
1.80
1.90
2.25
2.68
3.29
3.88
4.59
4.94
5.18
5.10
6.09
6.09
7.23
5.85
Current Ratio
1.84
1.91
1.82
1.77
1.75
1.84
1.57
1.39
1.42
1.61
1.29
1.17
1.17
1.20
1.09
Quick Ratio
1.37
1.36
1.32
1.28
1.18
1.20
0.96
0.82
0.85
1.13
0.84
0.78
0.78
0.78
0.68
Debt/Equity Ratio
0.22
0.54
0.91
0.99
1.17
1.44
1.95
1.88
2.21
2.25
2.89
2.15
Working Capital/Sales
-0.18
-0.16
-0.29
-0.26
-0.28
-0.29
-0.29
-0.30
-0.28
-0.29
-0.26
-0.25
-0.22
-1.15
-0.62
Dividend Payout Ratio %
4.09%
4.78%
8.18%
14.16%
18.64%
20.21%
23.70%
17.63%
16.68%
24.04%
20.49%
18.33%
18.77%
21.00%
20.20%
Total Payout
$1246.00
1880.00
2663.00
2371.00
2510.00
2376.00
4711.00
4882.00
5492.00
2022.00
6210.00
10167.00
9399.00
1881.00
2511.00
18.34%33.49%Payout Ratio %
66.24%
68.08%
85.41%
65.20%
64.36%
57.37%
118.51%
82.43%
68.12%
30.29%
73.08%
97.95%
81.75%
72.48%
82.33%