Mastercard Incorporated

NYSE:MA Stock Report

Market Cap: US$508.0b

Mastercard Past Earnings Performance

Past criteria checks 3/6

Mastercard has been growing earnings at an average annual rate of 13.8%, while the Diversified Financial industry saw earnings growing at 11.7% annually. Revenues have been growing at an average rate of 13.3% per year. Mastercard's return on equity is 196.3%, and it has net margins of 45.2%.

Key information

13.8%

Earnings growth rate

15.8%

EPS growth rate

Diversified Financial Industry Growth6.1%
Revenue growth rate13.3%
Return on equity196.3%
Net Margin45.2%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Analyst Estimates: Here's What Brokers Think Of Mastercard Incorporated (NYSE:MA) After Its First-Quarter Report

May 05
Analyst Estimates: Here's What Brokers Think Of Mastercard Incorporated (NYSE:MA) After Its First-Quarter Report

Here's Why We Think Mastercard (NYSE:MA) Might Deserve Your Attention Today

Apr 29
Here's Why We Think Mastercard (NYSE:MA) Might Deserve Your Attention Today

Mastercard Earnings Preview: Watch Out For Value-Added Services And Commercial Growth

Apr 28

Mastercard: Another Wonderful Business With A Price Tag To Match

Apr 18

Mastercard: A Core Holding For The Long Term

Mar 05

Mastercard: After Visa's Investor Day, The Case For The Valuation Premium Is Weaker

Feb 27

Mastercard: A Great Year Under The Regulator's Scrutiny

Feb 02

Mastercard: Don't Miss Out On This Dividend Growth Machine

Jan 25

Mastercard Is A Buy Here Only For Long Term Investors

Dec 25

Is Now The Time To Put Mastercard (NYSE:MA) On Your Watchlist?

Nov 27
Is Now The Time To Put Mastercard (NYSE:MA) On Your Watchlist?

Mastercard: November Investor Day Recap And Analysis

Nov 20

Mastercard: Differences From Visa Are Critical To Understand

Oct 20

Earnings Tell The Story For Mastercard Incorporated (NYSE:MA)

Sep 28
Earnings Tell The Story For Mastercard Incorporated (NYSE:MA)

2 Updates From Mastercard That Facilitate Bullish Thesis

Sep 18

Mastercard: Valuation Concerns, But A Strong Watchlist Candidate

Aug 30

Mastercard: On The Path To Leadership Position

Aug 18

Analyst Estimates: Here's What Brokers Think Of Mastercard Incorporated (NYSE:MA) After Its Second-Quarter Report

Aug 02
Analyst Estimates: Here's What Brokers Think Of Mastercard Incorporated (NYSE:MA) After Its Second-Quarter Report

Why Mastercard Is Going To Be Part Of My Portfolio (Earnings Review)

Jul 31

Beyond The Headline: Why Mastercard's Tiny Dividend Packs A Punch

Jul 22

Mastercard: Underperformance Breeds Opportunity

Jul 09

Here's Why Mastercard (NYSE:MA) Has Caught The Eye Of Investors

Jun 25
Here's Why Mastercard (NYSE:MA) Has Caught The Eye Of Investors

Revenue & Expenses Breakdown

How Mastercard makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MA Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2529,06913,14311,0910
31 Dec 2428,16712,87410,8180
30 Sep 2427,22612,32310,4420
30 Jun 2426,39012,25810,1460
31 Mar 2425,69811,8459,9440
31 Dec 2325,09811,1959,7520
30 Sep 2324,36710,9299,5860
30 Jun 2323,59010,2309,3590
31 Mar 2322,8189,6609,0820
31 Dec 2222,2379,9308,8000
30 Sep 2221,6369,7848,5560
30 Jun 2220,8659,6998,2760
31 Mar 2219,8969,4908,0860
31 Dec 2118,8848,6877,8900
30 Sep 2117,7888,0937,5590
30 Jun 2116,6407,1927,1790
31 Mar 2115,4476,5466,7060
31 Dec 2015,3016,4116,5590
30 Sep 2015,5956,7266,5660
30 Jun 2016,2257,3216,6500
31 Mar 2017,0037,9496,7830
31 Dec 1916,8838,1186,6940
30 Sep 1916,2766,9176,5230
30 Jun 1915,7076,7086,3190
31 Mar 1915,2596,2296,1150
31 Dec 1814,9505,8596,0730
30 Sep 1814,4555,1875,8810
30 Jun 1813,9554,7185,7490
31 Mar 1813,3434,3265,6500
31 Dec 1712,4973,9155,2520
30 Sep 1711,9414,6215,0400
30 Jun 1711,4234,3754,8180
31 Mar 1711,0644,1814,6410
31 Dec 1610,7764,0594,5260
30 Sep 1610,5374,0164,5510
30 Jun 1610,1873,8094,4220
31 Mar 169,8833,7474,2940
31 Dec 159,6673,8084,0830
30 Sep 159,5613,7193,9880
30 Jun 159,5213,7573,9870
31 Mar 159,4993,7673,9050
31 Dec 149,4413,6173,9270
30 Sep 149,1563,4393,7450
30 Jun 148,8843,3033,6640

Quality Earnings: MA has high quality earnings.

Growing Profit Margin: MA's current net profit margins (45.2%) are lower than last year (46.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MA's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: MA's earnings growth over the past year (11%) is below its 5-year average (13.8% per year).

Earnings vs Industry: MA earnings growth over the past year (11%) exceeded the Diversified Financial industry 8.6%.

Return on Equity

High ROE: Whilst MA's Return on Equity (196.28%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 14:28
End of Day Share Price 2025/05/05 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mastercard Incorporated is covered by 74 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim MarroneAccountability Research Corporation
Stephen BiggarArgus Research Company
David KoningBaird