Mastercard Incorporated (MA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 6.36B | 8.81B | 6.71B | 6.28B | 5.56B | 5.84B | 5.47B | 5.35B | 4.83B | 5.02B | 4.96B | 4.77B | 4.32B | 4.44B | 4.37B | 4.18B | 3.99B | 4.13B | 3.82B | 3.4B |
| Gross Margin % | 75.74% | 100% | 77.99% | 77.23% | 76.72% | 77.93% | 74.23% | 76.91% | 76.15% | 76.66% | 75.92% | 76.15% | 75.19% | 76.26% | 75.99% | 76.01% | 77.14% | 79.12% | 76.61% | 75.04% |
| Gross Profit Growth % | 14.37% | 50.89% | 22.65% | 17.31% | 15.06% | 16.25% | 10.28% | 12.15% | 11.85% | 13.16% | 13.4% | 14.27% | 8.43% | 7.49% | 14.53% | 22.95% | 30.65% | 31.02% | 31.83% | 40.41% |
| Operating Expenses | 1.45B | 3.39B | 1.65B | 1.5B | 1.41B | 1.9B | 1.47B | 1.32B | 1.23B | 1.65B | 1.12B | 1.12B | 1.19B | 1.25B | 1.26B | 1.16B | 1.04B | 1.3B | 1.1B | 1.06B |
| OpEx % of Revenue | 17.31% | 38.52% | 19.16% | 18.49% | 19.49% | 25.34% | 19.89% | 18.93% | 19.38% | 25.17% | 17.08% | 17.83% | 20.63% | 21.52% | 21.92% | 21.1% | 20.05% | 24.92% | 22.11% | 23.34% |
| Selling, General & Admin | 1.45B | 3.42B | 1.65B | 1.09B | 986M | 1.37B | 1.05B | 990M | 860M | 1.12B | 880M | 882M | 768M | 1.06B | 831M | 803M | 808M | 1.09B | 868M | 796M |
| SG&A % of Revenue | 17.31% | 38.89% | 19.16% | 13.35% | 13.6% | 18.31% | 14.24% | 14.22% | 13.55% | 17.06% | 13.47% | 14.07% | 13.36% | 18.22% | 14.44% | 14.61% | 15.64% | 20.99% | 17.41% | 17.58% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 4.91B | 5.41B | 5.06B | 4.78B | 4.15B | 3.94B | 4B | 4.04B | 3.6B | 3.37B | 3.84B | 3.66B | 3.14B | 3.18B | 3.11B | 3.02B | 2.95B | 2.83B | 2.72B | 2.34B |
| Operating Margin % | 58.43% | 61.48% | 58.84% | 58.74% | 57.23% | 52.58% | 54.34% | 57.98% | 56.77% | 51.5% | 58.84% | 58.32% | 54.56% | 54.74% | 54.07% | 54.9% | 57.09% | 54.2% | 54.5% | 51.7% |
| Operating Income Growth % | 18.27% | 37.48% | 26.4% | 18.36% | 15.12% | 16.79% | 4.16% | 10.39% | 14.92% | 5.9% | 23.52% | 21.14% | 6.31% | 12.63% | 14.54% | 28.92% | 34.27% | 37.37% | 29.07% | 37.14% |
| EBITDA | 5.53B | 5.71B | 5.35B | 5.06B | 4.42B | 4.17B | 4.23B | 4.26B | 3.82B | 3.58B | 4.05B | 3.85B | 3.33B | 3.37B | 3.3B | 3.21B | 3.14B | 3.02B | 2.9B | 2.53B |
| EBITDA Margin % | 65.81% | 64.85% | 62.21% | 62.19% | 61.02% | 55.67% | 57.39% | 61.21% | 60.18% | 54.63% | 62.07% | 61.38% | 57.88% | 57.9% | 57.28% | 58.34% | 60.81% | 57.82% | 58.27% | 55.81% |
| EBITDA Growth % | 24.93% | 36.99% | 26.53% | 18.7% | 15.81% | 16.55% | 4.29% | 10.73% | 14.82% | 6.21% | 22.99% | 19.99% | 5.89% | 11.67% | 13.49% | 26.91% | 33.14% | 36.59% | 29.34% | 36.45% |
| D&A (Non-Cash Add-back) | 620M | 297M | 290M | 281M | 275M | 231M | 225M | 225M | 216M | 205M | 211M | 192M | 191M | 184M | 185M | 189M | 192M | 189M | 188M | 186M |
| EBIT | 4.91B | 4.91B | 5.06B | 4.87B | 4.21B | 4.08B | 4.03B | 4.09B | 3.71B | 3.47B | 3.91B | 3.85B | 2.98B | 3.22B | 3.19B | 2.91B | 2.88B | 2.93B | 2.93B | 2.58B |
| Net Interest Income | -104M | -159M | -186M | -195M | -182M | -184M | -159M | -153M | -150M | -148M | -151M | -144M | -132M | -127M | -120M | -114M | -110M | -108M | -110M | -106M |
| Interest Income | 81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 185M | 159M | 186M | 195M | 182M | 184M | 159M | 153M | 150M | 148M | 151M | 144M | 132M | 127M | 120M | 114M | 110M | 108M | 110M | 106M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 4.81B | 4.88B | 5B | 4.67B | 4.03B | 3.89B | 3.87B | 3.94B | 3.56B | 3.32B | 3.76B | 3.7B | 2.85B | 3.09B | 3.07B | 2.8B | 2.77B | 2.82B | 2.82B | 2.48B |
| Pretax Margin % | 57.3% | 55.37% | 58.11% | 57.45% | 55.6% | 51.96% | 52.46% | 56.59% | 56.05% | 50.72% | 57.57% | 59.08% | 49.63% | 53.1% | 53.37% | 50.9% | 53.67% | 54.12% | 56.49% | 54.73% |
| Income Tax | 930M | 816M | 1.07B | 971M | 751M | 549M | 603M | 681M | 547M | 530M | 563M | 859M | 492M | 564M | 573M | 523M | 142M | 444M | 402M | 412M |
| Effective Tax Rate % | 19.33% | 16.74% | 21.44% | 20.78% | 18.63% | 14.11% | 15.6% | 17.29% | 15.37% | 15.96% | 14.97% | 23.19% | 17.25% | 18.26% | 18.65% | 18.69% | 5.12% | 15.73% | 14.28% | 16.63% |
| Net Income | 3.88B | 4.06B | 3.93B | 3.7B | 3.28B | 3.34B | 3.26B | 3.26B | 3.01B | 2.79B | 3.2B | 2.85B | 2.36B | 2.52B | 2.5B | 2.27B | 2.63B | 2.38B | 2.41B | 2.07B |
| Net Margin % | 46.23% | 46.1% | 45.65% | 45.51% | 45.24% | 44.63% | 44.28% | 46.8% | 47.43% | 42.62% | 48.95% | 45.38% | 41.08% | 43.41% | 43.42% | 41.39% | 50.92% | 45.61% | 48.43% | 45.63% |
| Net Income Growth % | 18.35% | 21.48% | 20.35% | 13.6% | 8.93% | 19.74% | 2.03% | 14.52% | 27.53% | 10.53% | 27.97% | 25.05% | -10.26% | 6.14% | 3.52% | 10.12% | 43.93% | 33.28% | 59.55% | 45.49% |
| Net Income (Continuing) | 3.88B | 4.06B | 3.93B | 3.7B | 3.28B | 3.34B | 3.26B | 3.26B | 3.01B | 2.79B | 3.2B | 2.85B | 2.36B | 2.52B | 2.5B | 2.27B | 2.63B | 2.38B | 2.41B | 2.07B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3M | 9M | 15M | 21M | 25M | 30M | 58M | 61M | 65M | 68M | 70M | 75M | 77M | 79M | 82M | 91M | 96M | 100M | 99M | 127M |
| EPS (Diluted) | 4.35 | 4.52 | 4.34 | 4.07 | 3.59 | 3.64 | 3.53 | 3.50 | 3.22 | 2.97 | 3.39 | 3.00 | 2.47 | 2.62 | 2.58 | 2.34 | 2.68 | 2.41 | 2.44 | 2.08 |
| EPS Growth % | 21.17% | 24.18% | 22.95% | 16.29% | 11.49% | 22.56% | 4.13% | 16.67% | 30.36% | 13.36% | 31.4% | 28.21% | -7.84% | 8.71% | 5.74% | 12.5% | 46.45% | 35.39% | 61.59% | 47.52% |
| EPS (Basic) | 4.35 | 4.53 | 4.35 | 4.07 | 3.60 | 3.64 | 3.54 | 3.51 | 3.23 | 2.98 | 3.40 | 3.01 | 2.48 | 2.63 | 2.59 | 2.34 | 2.69 | 2.42 | 2.45 | 2.09 |
| Diluted Shares Outstanding | 893M | 898M | 905M | 909M | 914M | 919M | 925M | 930M | 935M | 939M | 943M | 949M | 956M | 963M | 968M | 974M | 981M | 986M | 990M | 994M |
| Basic Shares Outstanding | 891M | 897M | 903M | 908M | 912M | 917M | 923M | 929M | 933M | 936M | 941M | 946M | 953M | 960M | 965M | 971M | 977M | 982M | 986M | 990M |
| Dividend Payout Ratio | 20.02% | 16.85% | 17.49% | 18.67% | 21.16% | 18.13% | 18.73% | 18.88% | 20.46% | 19.13% | 16.82% | 19.02% | 23.08% | 18.73% | 18.97% | 20.97% | 18.21% | 18.24% | 17.98% | 21.01% |