Operating Income for Mastercard (MA)
According to Mastercard's latest reported financial statements, the company's current operating income (TTM) is $19.40B USD. 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$19.40B
YoY change
+24.5%
5Y CAGR
+19.1%
Peak year (2025)
$19.40B
Cumulative operating income
$136.60B
Operating Income history chart for Mastercard (MA) from 1998 to 2025
Operating Income history table for Mastercard (MA) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $19.40B | +24.5% | ||
| 2024 | $15.58B | +11.2% | ||
| 2023 | $14.01B | +14.2% | ||
| 2022 | $12.26B | +21.6% | ||
| 2021 | $10.08B | +24.8% | ||
| 2020 | $8.08B | -16.4% | ||
| 2019 | $9.66B | +32.7% | ||
| 2018 | $7.28B | +10.0% | ||
| 2017 | $6.62B | +14.9% | ||
| 2016 | $5.76B | +13.5% | ||
| 2015 | $5.08B | -0.5% | ||
| 2014 | $5.11B | +13.4% | ||
| 2013 | $4.50B | +14.4% | ||
| 2012 | $3.94B | +45.1% | ||
| 2011 | $2.71B | -1.4% | ||
| 2010 | $2.75B | +21.8% | ||
| 2009 | $2.26B | -522.8% | ||
| 2008 | -$534.50M | -148.2% | ||
| 2007 | $1.11B | +382.8% | ||
| 2006 | $229.50M | -41.6% | ||
| 2005 | $393.18M | +13.4% | ||
| 2004 | $346.67M | -157.6% | ||
| 2003 | -$601.86M | -523.9% | ||
| 2002 | $142.00M | -36.0% | ||
| 2001 | $221.70M | +24.5% | ||
| 2000 | $178.02M | — | ||
| 1998 | $18.25M | — |
Operating Income values are taken from Mastercard's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Mastercard (MA) most recent annual operating income stands at $19.40B (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 dataset's maximum operating income sits at $19.40B (2025); the minimum reading of -$601.86M dates to 2003.
Among 8 Financial Services peers, Mastercard (MA) ranks 9th; the peer median for operating income is $24.60B.
Mastercard Operating Income by Year
Mastercard Operating Income 2025: $19.40B
Mastercard operating income in 2025 was $19.40B, grew 24.5% from 2024. This figure represents the highest annual value in the available history.
Mastercard Operating Income 2024: $15.58B
Mastercard operating income in 2024 was $15.58B, grew 11.2% from 2023.
Mastercard Operating Income 2023: $14.01B
Mastercard operating income in 2023 was $14.01B, grew 14.2% from 2022.
Mastercard Operating Income 2022: $12.26B
Mastercard operating income in 2022 was $12.26B, grew 21.6% from 2021.
Mastercard Operating Income 2021: $10.08B
Mastercard operating income in 2021 was $10.08B.
See more financial history for Mastercard (MA).
Sector peers — Operating Income
Companies in the same sector as Mastercard, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Citigroup Inc. (C) | $19.83B | Financial Services |
Frequently asked questions
What is Mastercard's operating income?
- Latest reported operating income for Mastercard (MA) is $19.40B (period ending December 31, 2025).
How has Mastercard operating income changed year-over-year?
- Mastercard (MA) operating income changed +24.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Mastercard operating income?
- Mastercard (MA) operating income compound annual growth rate is +19.1% over the most recent 5 years available.
When did Mastercard operating income hit its highest annual value?
- Mastercard operating income reached its highest annual value of $19.40B in 2025.
What was Mastercard operating income in 2024?
- Mastercard (MA) operating income in 2024 was $15.58B.
What was Mastercard operating income in 2025?
- Mastercard (MA) operating income in 2025 was $19.40B.
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