← Mastercard Inc

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Net Income $4.1b
$3.9b -3.55%
$5.9b +49.66%
$8.1b +38.56%
$6.4b -21.03%
$8.7b +35.50%
$9.9b +14.31%
$11.2b +12.74%
$12.9b +15.00%
$15.0b +16.27%
$16.3b +8.61%
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 $1.2b
Deferred income taxes ($20.0m) $86.0m ($244.0m) ($7.0m) $73.0m ($69.0m) ($651.0m) ($236.0m) ($527.0m) $57.0m $86.0m
Share-based compensation $50.0m $176.0m $196.0m $250.0m $254.0m $273.0m $295.0m $460.0m $526.0m $597.0m $615.0m
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 —
Accounts receivable ($338.0m) ($445.0m) ($317.0m) ($246.0m) ($86.0m) ($397.0m) ($481.0m) ($546.0m) $186.0m ($642.0m) ($964.0m)
Accounts payable $145.0m $290.0m $101.0m ($42.0m) $26.0m $100.0m $190.0m ($99.0m) $75.0m $45.0m $337.0m
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) —
Accrued expenses $520.0m $589.0m $439.0m $657.0m ($114.0m) $1.4b $1.2b $571.0m $1.6b $1.8b $2.1b
Other $29.0m $59.0m $31.0m $24.0m $14.0m $36.0m $44.0m $22.0m $191.0m $139.0m —
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 —
Net cash provided by operating activities $4.5b
$5.6b +23.88%
$6.2b +12.03%
$8.2b +31.50%
$7.2b -11.72%
$9.5b +30.99%
$11.2b +18.30%
$12.0b +7.01%
$14.8b +23.37%
$17.6b +19.40%
$17.4b -1.20%
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) ($1.5b)
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 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) ($1.7b)
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) ($2.9b)
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) -107.76%
($5.0b) -4.24%
($5.9b) -18.14%
($2.2b) +63.32%
($6.6b) -204.60%
($10.3b) -57.56%
($9.5b) +8.13%
($10.8b) -14.21%
($14.2b) -30.85%
($13.2b) +6.72%
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 $14.1b
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 ($134.0m)
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 —
Additional Supplementary Disclosures
Additional Supplementary Disclosures
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) —
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 —
Settlement obligations $66.0m $394.0m $849.0m $477.0m ($1.2b) ($568.0m) $201.0m $282.0m $922.0m $89.0m —
Long-term taxes payable $0 $577.0m ($20.0m) $2.0m ($37.0m) ($52.0m) ($121.0m) ($129.0m) ($163.0m) ($185.0m) —
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) —
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 —
Capitalized software ($167.0m) ($123.0m) ($174.0m) ($306.0m) ($369.0m) ($407.0m) ($655.0m) ($717.0m) ($720.0m) ($726.0m) —
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 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 —

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.