Mastercard (MA): financials, SEC filings and peers

Mastercard (MA) is a transaction & payment processing services company in the Financials sector of the S&P 500, headquartered in Harrison, New York.

It was founded in 1966 and joined the S&P 500 on July 18, 2008.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Services-Business Services, NEC”.

Mastercard at a glance

Revenue (12 months): $35.1B
Revenue growth: +16.0%
Operating margin: 58.3%
Net income (12 months): $16.3B
Free cash flow (12 months): $16.7B
Cash: $11.3B
Debt: $24.6B
Diluted EPS (12 months): $18.18

Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.

Latest twelve months

Over the twelve months to June 30, 2026, Mastercard reported revenue of $35.1 billion, up 16.0% from a year earlier.

Its operating margin was 58.3%, up 2.6 percentage points from a year earlier: for every $100 of sales, about $58 was left as operating profit.

Net income was $16.3 billion (46.3% of revenue), 19.7% higher than a year earlier.

Operating cash flow was $17.4 billion and capital spending $735 million, leaving free cash flow of $16.7 billion (47.6% of revenue).

At the end of the period it held $11.3 billion in cash and $24.6 billion in debt, a net debt position of $13.4 billion.

The diluted share count fell 2.9% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $15.3 billion in fiscal 2020 to $32.8 billion in fiscal 2025, about 16.5% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 52.8% to 57.6% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$18.9B	$22.2B	$25.1B	$28.2B	$32.8B
Revenue growth	23.4%	17.8%	12.9%	12.2%	16.4%
Operating margin	53.4%	55.2%	55.8%	55.3%	57.6%
Net income	$8.7B	$9.9B	$11.2B	$12.9B	$15.0B
Free cash flow	$9.1B	$10.8B	$11.6B	$14.3B	$17.2B
Diluted EPS	$8.76	$10.22	$11.83	$13.89	$16.52

Fiscal years as reported in Mastercard’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed July 30, 2026 — quarterly report
8-K filed July 30, 2026 — Earnings results
8-K filed June 17, 2026 — Shareholder vote results
8-K filed June 8, 2026 — Other event
8-K filed June 2, 2026 — Executive or director change
8-K filed May 7, 2026 — Executive or director change
10-Q filed April 30, 2026 — quarterly report
8-K filed April 30, 2026 — Earnings results

All Mastercard filings on SEC EDGAR

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Questions about Mastercard

Is Mastercard's revenue growing?

Yes. Revenue for the twelve months to June 30, 2026 was $35.1 billion, up 16.0% from a year earlier, according to its SEC filings.

Is Mastercard profitable?

Yes. It earned $16.3 billion in net income over the twelve months to June 30, 2026, a net margin of 46.3%.

Does Mastercard have more cash or more debt?

At June 30, 2026 it had $11.3 billion in cash and $24.6 billion in debt, so more debt than cash.

When did Mastercard last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.

Which companies are similar to Mastercard?

In the S&P 500, Mastercard is grouped in Transaction & Payment Processing Services within the Financials sector. Corpay (CPAY), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Jack Henry & Associates (JKHY) are in the same group.

Understand the numbers

Source: Mastercard’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.