Income StatementBalance SheetCash FlowBusiness Segments
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Mastercard Business Segments

Business, geographic, and product segment breakdowns

Mastercard generates $31.5B in annual revenue across 1 key segments: Payment Solutions ($31.5B). The company-wide operating margin is 56.95%. Based on the Q3 2025 filing.

Payment Solutions (TTM)$31.5B
Latest FilingQ3 2025
Report Date2025-10-30
Market Cap$431.85B
P/E Ratio30.31
ROE185.32%

Business Segments

Net Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$7.0B$7.4B$7.5B$7.3B$8.1B$8.6B

Labor and Related Expense

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$1.6B$1.9B$1.7B$1.7B$1.9B$1.9B

Professional Fees

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$113.0M$129.0M$191.0M$113.0M$107.0M$128.0M

Information Technology and Data Processing

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$278.0M$279.0M$299.0M$292.0M$314.0M$324.0M

(Gain) loss for contracts to purchase and sell foreign currency

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$5.0M$16.0M-$114.0M$1.0M$41.0M$26.0M

Advertising and marketing

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$184.0M$220.0M$295.0M$152.0M$213.0M$245.0M

D&A

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$225.0M$225.0M$231.0M$275.0M$281.0M$290.0M

Provision for litigation

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$98.0M$176.0M$280.0M$151.0M$96.0M$83.0M

Investment income

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions-$60.0M-$76.0M$558.0M-$88.0M-$70.0M-$81.0M

Equity Securities, FV-NI And Without Readily Determinable Fair Value, (Gain) Loss

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$13.0M$62.0M-$98.0M$29.0M-$4.0M-$41.0M

Interest Expense

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$153.0M$159.0M$184.0M$182.0M$195.0M$186.0M

Other Income (Expense)

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$9.0M$7.0M$1.0M$5.0M$16.0M$2.0M

Income Tax

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$681.0M$603.0M$549.0M$751.0M$971.0M$1.1B

Segment Reporting, Other Segment Item, Amount

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$415.0M$421.0M$586.0M$429.0M$452.0M$552.0M

Net Income

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment Solutions$3.3B$3.3B$3.3B$3.3B$3.7B$3.9B

Products & Services

Net Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Payment network$4.4B$4.6B$4.4B$4.4B$4.9B$5.2B
Value-added services and solutions$2.6B$2.7B$3.1B$2.8B$3.2B$3.4B

Value-added services and solutions

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value-added services and solutions——$1.4B———

Geographic

Net Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
International Markets$3.8B$4.2B$4.2B$4.1B$4.7B$5.0B
North America$3.2B$3.2B—$3.2B$3.4B$3.7B

Net revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Americas$3.1B$3.1B$3.1B———

Property, equipment and right-of-use assets, net

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Non Us——$1.0B———

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