Mastercard Incorporated

LSE:0R2Z.LFinancial Services

——At close · Market cap — · Next earnings Thu 29 Oct

USD billions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	15.3	18.9	22.2	25.1	28.2	32.8	+16.4%
Cost of revenue	0.0	0.0	0.0	0.0	6.7	7.3	+8.7%
Gross profit	15.3	18.9	22.2	25.1	21.5	25.5	+18.8%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	6.6	7.9	8.9	9.8	4.3	4.9	+14.4%
Selling & marketing	0.7	0.9	0.8	0.8	0.8	0.9	+14.0%
Operating expenses	7.2	8.2	10.1	11.1	5.9	11.8	+99.7%
Operating income	8.2	10.3	12.6	14.0	15.6	19.7	+26.6%
Interest expense	0.0	0.0	0.0	0.6	0.6	0.7	+11.8%
Interest income	0.4	0.4	0.4	0.3	0.3	0.3	−0.6%
Other income / expense	(0.3)	0.2	(0.5)	(0.4)	(0.3)	(1.1)	−249.7%
Pre-tax income	7.8	10.3	11.7	13.6	15.3	18.6	+21.8%
Income tax	1.3	1.6	1.8	2.4	2.4	3.6	+51.7%
Net income	6.4	8.7	9.9	11.2	12.9	15.0	+16.3%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	6.37	8.76	10.22	11.86	13.91	16.54	+18.9%
EPS, diluted (per share)	6.37	8.76	10.23	11.83	13.89	16.52	+18.9%
EBITDA	8.7	11.0	13.4	15.3	16.8	21.0	+25.2%
Depreciation & amortization	0.6	0.7	0.8	0.8	0.9	1.3	+45.4%
Weighted average shares (shares)	1,006,436,420	991,666,666	971,624,266	944,000,000	925,000,000	905,000,000	−2.2%
Weighted average diluted shares (shares)	1,006,000,000	992,000,000	971,000,000	946,000,000	927,000,000	906,000,000	−2.3%
Gross margin	100.0%	100.0%	100.0%	100.0%	76.3%	77.9%	+1.6 pts
Operating margin	53.3%	54.4%	56.8%	55.8%	55.3%	60.2%	+4.8 pts
Net margin	41.9%	46.0%	44.7%	44.6%	45.7%	45.6%	−0.1 pts

USD billionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.