← Mastercard Inc
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.1b | $3.9b | $5.9b | $8.1b | $6.4b | $8.7b | $9.9b | $11.2b | $12.9b | $15.0b | |
| Amortization of customer incentives | $860.0m | $1.0b | $1.2b | $1.1b | $1.1b | $1.4b | $1.6b | $1.6b | $1.8b | $2.1b | |
| Depreciation and amortization | $373.0m | $437.0m | $459.0m | $522.0m | $580.0m | $726.0m | $750.0m | $799.0m | $897.0m | $1.1b | |
| Deferred income taxes | ($20.0m) | $86.0m | ($244.0m) | ($7.0m) | $73.0m | ($69.0m) | ($651.0m) | ($236.0m) | ($527.0m) | $57.0m | |
| Share-based compensation | $50.0m | $176.0m | $196.0m | $250.0m | $254.0m | $273.0m | $295.0m | $460.0m | $526.0m | $597.0m | |
| Tax withholdings related to share-based payments | ($51.0m) | ($47.0m) | ($80.0m) | ($161.0m) | ($150.0m) | ($133.0m) | ($141.0m) | ($89.0m) | ($178.0m) | ($291.0m) | |
| (Gains) losses on equity investments, net | — | $0 | $0 | ($167.0m) | ($30.0m) | ($645.0m) | $145.0m | $61.0m | $29.0m | $88.0m | |
| Purchases of equity investments | — | ($147.0m) | ($91.0m) | ($467.0m) | ($214.0m) | ($228.0m) | ($88.0m) | ($89.0m) | ($42.0m) | ($339.0m) | |
| Proceeds from sales of equity investments | — | — | — | $0 | $0 | $186.0m | $7.0m | $44.0m | $125.0m | $181.0m | |
| Other | $29.0m | $59.0m | $31.0m | $24.0m | $14.0m | $36.0m | $44.0m | $22.0m | $191.0m | $139.0m | |
| Accounts receivable | ($338.0m) | ($445.0m) | ($317.0m) | ($246.0m) | ($86.0m) | ($397.0m) | ($481.0m) | ($546.0m) | $186.0m | ($642.0m) | |
| Income taxes receivable | ($1.0m) | ($8.0m) | ($120.0m) | ($202.0m) | ($2.0m) | ($87.0m) | $12.0m | ($171.0m) | ($165.0m) | ($91.0m) | |
| Settlement assets | ($10.0m) | ($281.0m) | ($1.1b) | ($444.0m) | $1.3b | $390.0m | $48.0m | $40.0m | ($593.0m) | $202.0m | |
| Prepaid expenses | ($1.1b) | ($1.4b) | ($1.8b) | ($1.7b) | ($1.6b) | ($2.1b) | ($2.2b) | ($2.4b) | ($3.2b) | ($3.4b) | |
| Accrued litigation and legal settlements | $17.0m | ($15.0m) | $869.0m | ($662.0m) | ($73.0m) | ($1.0m) | $240.0m | ($375.0m) | $205.0m | ($142.0m) | |
| Restricted security deposits held for customers | $96.0m | $94.0m | ($6.0m) | $290.0m | $326.0m | $177.0m | ($305.0m) | $277.0m | $29.0m | $247.0m | |
| Accounts payable | $145.0m | $290.0m | $101.0m | ($42.0m) | $26.0m | $100.0m | $190.0m | ($99.0m) | $75.0m | $45.0m | |
| Settlement obligations | $66.0m | $394.0m | $849.0m | $477.0m | ($1.2b) | ($568.0m) | $201.0m | $282.0m | $922.0m | $89.0m | |
| Accrued expenses | $520.0m | $589.0m | $439.0m | $657.0m | ($114.0m) | $1.4b | $1.2b | $571.0m | $1.6b | $1.8b | |
| Long-term taxes payable | $0 | $577.0m | ($20.0m) | $2.0m | ($37.0m) | ($52.0m) | ($121.0m) | ($129.0m) | ($163.0m) | ($185.0m) | |
| Net change in other assets and liabilities | ($193.0m) | $7.0m | ($261.0m) | $133.0m | $316.0m | $254.0m | $299.0m | $645.0m | $102.0m | $587.0m | |
| Purchases of property and equipment | ($215.0m) | ($300.0m) | ($330.0m) | ($422.0m) | ($339.0m) | ($407.0m) | ($442.0m) | ($371.0m) | ($474.0m) | ($489.0m) | |
| Capitalized software | ($167.0m) | ($123.0m) | ($174.0m) | ($306.0m) | ($369.0m) | ($407.0m) | ($655.0m) | ($717.0m) | ($720.0m) | ($726.0m) | |
| Purchases of treasury stock | ($3.5b) | ($3.8b) | ($4.9b) | ($6.5b) | ($4.5b) | ($5.9b) | ($8.8b) | ($9.0b) | ($11.0b) | ($11.7b) | |
| Cash proceeds from employee stock plans | $37.0m | $57.0m | $104.0m | $126.0m | $97.0m | $61.0m | $90.0m | $237.0m | $224.0m | $203.0m | |
| Net cash provided by operating activities | $4.5b | $5.6b | $6.2b | $8.2b | $7.2b | $9.5b | $11.2b | $12.0b | $14.8b | $17.6b | |
| Acquisition of businesses, net of cash acquired | $0 | ($1.2b) | $0 | ($1.4b) | ($989.0m) | ($4.4b) | ($313.0m) | $0 | ($2.5b) | $0 | |
| Purchases of investment securities available-for-sale | ($957.0m) | ($714.0m) | ($1.3b) | ($643.0m) | ($220.0m) | ($389.0m) | ($267.0m) | ($300.0m) | ($508.0m) | ($501.0m) | |
| Purchases of investments held-to-maturity | ($867.0m) | ($1.1b) | ($509.0m) | ($215.0m) | ($198.0m) | ($294.0m) | ($239.0m) | ($347.0m) | ($108.0m) | ($28.0m) | |
| Proceeds from sales of investment securities available-for-sale | $277.0m | $304.0m | $604.0m | $1.1b | $361.0m | $83.0m | $54.0m | $87.0m | $199.0m | $254.0m | |
| Proceeds from maturities of investment securities available-for-sale | $339.0m | $500.0m | $379.0m | $376.0m | $140.0m | $291.0m | $211.0m | $191.0m | $262.0m | $232.0m | |
| Proceeds from maturities of investments held-to-maturity | $456.0m | $1.0b | $929.0m | $383.0m | $121.0m | $296.0m | $265.0m | $157.0m | $378.0m | $52.0m | |
| Other investing activities | ($31.0m) | $1.0m | ($14.0m) | ($4.0m) | $3.0m | $33.0m | ($3.0m) | ($6.0m) | ($3.0m) | $2.0m | |
| Net cash used in investing activities | ($1.2b) | ($1.8b) | ($506.0m) | ($1.6b) | ($1.9b) | ($5.3b) | ($1.5b) | ($1.4b) | ($3.4b) | ($1.4b) | |
| Proceeds from debt, net | $2.0b | $0 | $991.0m | $2.7b | $4.0b | $2.0b | $1.1b | $1.6b | $4.0b | $1.2b | |
| Payment of debt | $0 | ($64.0m) | $0 | ($500.0m) | $0 | ($650.0m) | ($724.0m) | $0 | ($1.3b) | ($750.0m) | |
| Dividends paid | ($837.0m) | ($942.0m) | ($1.0b) | ($1.3b) | ($1.6b) | ($1.7b) | ($1.9b) | ($2.2b) | ($2.4b) | ($2.8b) | |
| Other financing activities | ($2.0m) | ($6.0m) | ($4.0m) | ($15.0m) | $69.0m | ($15.0m) | ($16.0m) | $0 | ($23.0m) | ($100.0m) | |
| Net cash used in financing activities | ($2.3b) | ($4.8b) | ($5.0b) | ($5.9b) | ($2.2b) | ($6.6b) | ($10.3b) | ($9.5b) | ($10.8b) | ($14.2b) | |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | ($50.0m) | $200.0m | ($6.0m) | ($44.0m) | $257.0m | ($153.0m) | ($103.0m) | $128.0m | ($199.0m) | $333.0m | |
| Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents | $1.1b | ($681.0m) | $745.0m | $632.0m | $3.5b | ($2.5b) | ($706.0m) | $1.3b | $343.0m | $2.4b | |
| Cash, cash equivalents, restricted cash and restricted cash equivalents - beginning of period | $8.3b | $7.6b | $8.3b | $9.0b | $12.4b | $9.9b | $9.2b | $10.5b | $10.8b | $13.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.