TTM
$20.2B
YoY change
+24.5%
5Y CAGR
+19.1%
Peak year (FY2025)
$19.4B
Cumulative operating income
$142B
Operating Income history chart for Mastercard (MA) from 2016 to 2025
Latest: $19.4B
Operating Income growth chart for Mastercard (MA) from 2016 to 2025
Latest: +24.5%
Operating Income history table for Mastercard (MA) from 1998 to 2025
| FY2025 | $19.4B | +24.5% | +$3.82B | ||
| FY2024 | $15.6B | +11.2% | +$1.57B | ||
| FY2023 | $14B | +14.2% | +$1.74B | ||
| FY2022 | $12.3B | +21.6% | +$2.18B | ||
| FY2021 | $10.1B | +24.8% | +$2B | ||
| FY2020 | $8.08B | -16.4% | -$1.58B | ||
| FY2019 | $9.66B | +32.7% | +$2.38B | ||
| FY2018 | $7.28B | +10.0% | +$660M | ||
| FY2017 | $6.62B | +14.9% | +$861M | ||
| FY2016 | $5.76B | +13.5% | +$683M | ||
| FY2015 | $5.08B | -0.5% | -$28M | ||
| FY2014 | $5.11B | +13.4% | +$603M | ||
| FY2013 | $4.5B | +14.4% | +$566M | ||
| FY2012 | $3.94B | +45.1% | +$1.22B | ||
| FY2011 | $2.71B | -1.4% | -$39M | ||
| FY2010 | $2.75B | +21.8% | +$492M | ||
| FY2009 | $2.26B | -522.8% | +$2.79B | ||
| FY2008 | -$535M | -148.2% | -$1.64B | ||
| FY2007 | $1.11B | +382.8% | +$879M | ||
| FY2006 | $229M | -41.6% | -$164M | ||
| FY2005 | $393M | +13.4% | +$46.5M | ||
| FY2004 | $347M | -157.6% | +$949M | ||
| FY2003 | -$602M | -523.9% | -$744M | ||
| FY2002 | $142M | -36.0% | -$79.7M | ||
| FY2001 | $222M | +24.5% | +$43.7M | ||
| FY2000 | $178M | — | — | ||
| FY1998 | $18.3M | — | — |
- FY2025$19.4B+24.5%
- FY2024$15.6B+11.2%
- FY2023$14B+14.2%
- FY2022$12.3B+21.6%
- FY2021$10.1B+24.8%
- FY2020$8.08B-16.4%
- FY2019$9.66B+32.7%
- FY2018$7.28B+10.0%
- FY2017$6.62B+14.9%
- FY2016$5.76B+13.5%
- FY2015$5.08B-0.5%
- FY2014$5.11B+13.4%
- FY2013$4.5B+14.4%
- FY2012$3.94B+45.1%
- FY2011$2.71B-1.4%
- FY2010$2.75B+21.8%
- FY2009$2.26B-522.8%
- FY2008-$535M-148.2%
- FY2007$1.11B+382.8%
- FY2006$229M-41.6%
- FY2005$393M+13.4%
- FY2004$347M-157.6%
- FY2003-$602M-523.9%
- FY2002$142M-36.0%
- FY2001$222M+24.5%
- FY2000$178M—
- FY1998$18.3M—
Operating Income values are taken from Mastercard's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Mastercard (MA)
According to Mastercard's latest reported financial statements, the company's current operating income (TTM) is $20.2B. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Mastercard (MA) most recent annual operating income stands at $19.4B (2025) – grew 24.5% year-over-year.
Across 2020–2025 (5 years), Mastercard operating income produced a CAGR of +19.1% – sustaining 5 straight years of year-over-year growth.
The record annual operating income stands at $19.4B, reached in 2025; the historical low of -$602M was recorded in 2003.
Mastercard Operating Income by Year
Mastercard Operating Income 2025: $19.4B
Mastercard operating income in 2025 was $19.4B, grew 24.5% from 2024. This figure represents the highest annual value in the available history.
Mastercard Operating Income 2024: $15.6B
2024's operating income for Mastercard came in at $15.6B, grew 11.2% from 2023.
Mastercard Operating Income 2023: $14B
Mastercard posted operating income of $14B in 2023, grew 14.2% from 2022.
Mastercard Operating Income 2022: $12.3B
In 2022, Mastercard reported operating income of $12.3B, grew 21.6% from 2021.
Mastercard Operating Income 2021: $10.1B
Mastercard operating income in 2021 was $10.1B.
See more financial history for Mastercard (MA).
Sector peers by Operating Income
Financial Services peers of Mastercard (MA), ranked by their latest operating income
| $72.6B | |
| $58.9B | |
| $37.7B | |
| $25.2B | |
| $24B | |
| $22B | |
| $21.9B | |
| $13.8B |
- $72.6B
- $37.7B
- $25.2B
- $24B
- $21.9B
- $13.8B
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- Buybacks3.31% TTM
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