Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8B | $12.5B | $14.9B | $16.9B | $15.3B | $18.9B | $22.2B | $25.1B | $28.2B | $32.8B |
| Revenue growth | — | 16.0% | 19.6% | 12.9% | -9.4% | 23.4% | 17.8% | 12.9% | 12.2% | 16.4% |
| Operating income | $5.76B | $6.62B | $7.28B | $9.66B | $8.08B | $10.1B | $12.3B | $14.0B | $15.6B | $18.9B |
| Operating margin | 53.5% | 53.0% | 48.7% | 57.2% | 52.8% | 53.4% | 55.2% | 55.8% | 55.3% | 57.6% |
| Net income | $4.06B | $3.92B | $5.86B | $8.12B | $6.41B | $8.69B | $9.93B | $11.2B | $12.9B | $15.0B |
| Net margin | 37.7% | 31.3% | 39.2% | 48.1% | 41.9% | 46.0% | 44.7% | 44.6% | 45.7% | 45.6% |
| EPS (diluted) | $3.69 | $3.65 | $5.60 | $7.94 | $6.37 | $8.76 | $10.22 | $11.83 | $13.89 | $16.52 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.48B | $5.66B | $6.22B | $8.18B | $7.22B | $9.46B | $11.2B | $12.0B | $14.8B | $17.6B |
| Capital expenditures | $215M | $300M | $330M | $422M | $339M | $407M | $442M | $371M | $474M | $489M |
| Free cash flow | $4.27B | $5.36B | $5.89B | $7.76B | $6.88B | $9.06B | $10.8B | $11.6B | $14.3B | $17.2B |
| Share buybacks | $3.51B | $3.76B | $4.93B | $6.50B | $4.47B | $5.90B | $8.75B | $9.03B | $11.0B | $11.7B |
| Dividends paid | $837M | $942M | $1.04B | $1.34B | $1.60B | $1.74B | $1.90B | $2.16B | $2.45B | $2.76B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.72B | $5.93B | $6.68B | $6.99B | $10.1B | $7.42B | $7.01B | $8.59B | $8.44B | $10.6B |
| Total assets | $18.7B | $21.3B | $24.9B | $29.2B | $33.6B | $37.7B | $38.7B | $42.4B | $48.1B | $54.2B |
| Total liabilities | $13.0B | $15.8B | $19.4B | $23.2B | $27.1B | $30.3B | $32.3B | $35.5B | $41.6B | $46.4B |
| Long-term debt | $5.18B | $5.42B | $5.83B | $8.53B | $12.0B | $13.1B | $13.7B | $14.3B | $17.5B | $18.3B |
| Shareholders' equity | $5.66B | $5.47B | $5.39B | $5.89B | $6.39B | $7.31B | $6.30B | $6.93B | $6.49B | $7.74B |
| Retained earnings | $19.4B | $22.4B | $22.5B | $34.0B | $38.7B | $45.6B | $53.6B | $62.6B | $72.9B | $85.0B |
| Shares (wtd avg diluted) | 1.10B | 1.07B | 1.05B | 1.02B | 1.01B | 992M | 971M | 946M | 927M | 906M |
Every figure is extracted from Mastercard Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.