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NYSE · Financials

Mastercard Inc (MA)

As-reported financials and recent SEC filings for Mastercard Inc, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Mastercard Inc

Mastercard Inc operates a global payments network that facilitates electronic payments between consumers, merchants, financial institutions, and governments. The company provides payment processing services, including credit, debit, and prepaid card transactions, and offers related products and services to consumers and businesses worldwide. Mastercard serves a broad range of customers, including cardholders, merchants, issuers, and acquirers, across multiple countries.

Snapshot

Revenue
$32.79B
Revenue growth (YoY)
16.4%
Net income
$14.97B
Diluted EPS
$16.52
Gross margin
Operating margin
57.6%
Net margin
45.6%
FCF margin
52.3%
ROE
193.2%
P/E (TTM)
31.9×
Market cap
Debt / equity
2.4×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Mastercard

  • Revenue grew 16.4% to $32.8B in FY2025, faster than the 12.2% the year before.
  • Operating margin is 57.6% in FY2025, +4.2 pp against 53.4% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $8.4B, up 15.8% from Q1 FY2025.
  • Free cash flow was $17.2B in FY2025, 52.3% of revenue.
  • Net income rose 16.3% to $15.0B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Mastercard’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin57.6%
97th percentile of 147
Net margin45.6%
95th percentile of 378
FCF margin52.3%
90th percentile of 273
Revenue growth (YoY)+16.4%
63rd percentile of 420
ROE193.2%
99th percentile of 375
P/E (TTM)31.9×
89th percentile of 316
Debt / equity2.36×
93rd percentile of 193
Short interest2.84d
25th percentile of 419

Mastercard’s return on equity of 193.2% ranks in the 99th percentile of the 375 Financials companies reporting it. Mastercard’s operating margin of 57.6% ranks in the 97th percentile of the 147 Financials companies reporting it. Mastercard’s net margin of 45.6% ranks in the 95th percentile of the 378 Financials companies reporting it.

No open-market insider buys in the last 90 days; 15 insider sales totaling $22.1M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 10 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
10
+7 quant / multi-strat
Initiated / added
8
2 new, 6 added
Reduced / exited
8
7 trimmed, 1 exited
Combined position
$5.07B
reported long value
InvestorAs ofPosition valueSharesChange
Akre Capital ManagementQ1 2026$1.14B2.3MReduced
Two Sigma InvestmentsquantQ1 2026$837.0M1.7MAdded
Polen Capital ManagementQ1 2026$770.2M1.5MReduced
D. E. ShawquantQ1 2026$567.7M1.1MAdded
Citadel AdvisorsquantQ1 2026$562.5M1.1MAdded
Millennium ManagementquantQ1 2026$408.3M817.1KAdded
AQR Capital ManagementquantQ1 2026$385.6M776.2KReduced
Markel GroupQ1 2026$103.7M207.5KHeld
Renaissance TechnologiesquantQ1 2026$97.3M194.7KAdded
Harris Associates (Oakmark)Q1 2026$59.3M118.6KReduced
Gotham Asset ManagementQ1 2026$39.1M78.2KAdded
Point72 Asset ManagementquantQ1 2026$38.4M76.8KNew
Lone Pine CapitalQ1 2026$28.6M57.2KReduced
Soros Fund ManagementQ1 2026$15.2M30.5KNew
Giverny CapitalQ1 2026$14.0M28.1KReduced
Yacktman Asset ManagementQ1 2026$5.8M11.7KHeld
Bridgewater AssociatesQ1 2026$2.0M3.9KReduced

No longer held by: Berkshire Hathaway (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
15
$22.1M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell6.2K$534.66$3.3M
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell3.4K$538.09$1.8M
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell3.4K$533.75$1.8M
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell2.5K$536.95$1.3M
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell1.9K$529.45$1.0M
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell1.1K$530.67$588K
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell1.1K$538.82$587K
2026-07-15
McLaughlin Edward GrundePresident & CTO, MA TechSell160$531.63$85K
2026-07-15
Arkell Sandra AControllerSell144$540.00$78K
2026-07-14
filed 2026-07-15
Arkell Sandra AControllerSell200$540.00$108K
2026-07-07
filed 2026-07-08
Arkell Sandra AControllerSell200$540.00$108K
2026-07-06
filed 2026-07-08
Arkell Sandra AControllerSell200$540.00$108K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.1M
settled 2026-07-15
Change vs prior
+16.9%
vs previous settlement
Days to cover
2.84
at avg daily volume
Avg daily volume
3.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-159.1M+16.9%2.84
2026-06-307.7M+16.3%1.63
2026-06-156.7M+2.8%1.65
2026-05-296.5M-8.9%1.95
2026-05-157.1M+5.2%1.81
2026-04-306.8M+4.3%1.95
2026-04-156.5M+4.0%1.99
2026-03-316.2M-1.1%1.76

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$32.79B$28.17B$25.10B$22.24B$18.88B
Gross profit
Operating income$18.90B$15.58B$14.01B$12.26B$10.08B
Net income$14.97B$12.87B$11.20B$9.93B$8.69B
Diluted EPS$16.52$13.89$11.83$10.22$8.76

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$17.65B$14.78B$11.98B$11.20B$9.46B
Capital expenditure$489.0M$474.0M$371.0M$442.0M$407.0M
Free cash flow$17.16B$14.31B$11.61B$10.75B$9.06B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$8.40B15.8%$3.88B$4.35
Q4 FY2025$8.81B17.6%$4.52
Q3 FY2025$8.60B16.7%$3.93B$4.34
Q2 FY2025$8.13B16.8%$3.70B$4.07
Q1 FY2025$7.25B14.2%$3.28B$3.59
Q4 FY2024$7.49B14.4%$3.64
Q3 FY2024$7.37B12.8%$3.26B$3.53
Q2 FY2024$6.96B11.0%$3.26B$3.50

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryServices-Business Services, NEC
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2018
SEC CIK1141391

Recent SEC filings

10-K2026-02-11
View on EDGAR →
10-K2025-02-12
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-31
View on EDGAR →
10-Q2025-05-01
View on EDGAR →
8-K2026-06-17
View on EDGAR →
8-K2026-06-08
View on EDGAR →

Largest Financials peers

All Financials companies →

MA head to head

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.