Mastercard Incorporated

MANYSE

$627.38

Last price · USD

Market cap: $563.4B
P/E: 38.0x
EV / EBITDA: 27.8x
P/S: 17.2x
FCF yield: 2.9%
Div. yield: 0.49%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Mastercard Incorporated balance sheet

Annual · USD millions except per-share data · 41 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	10,566	8,442	8,588	7,008	7,421	+9.2%
Short-term investments	332	330	592	400	473	-8.5%
Cash & short-term investments	10,898	8,772	9,180	7,408	7,894	+8.4%
Net receivables	4,609	3,773	4,060	3,425	3,006	+11.3%
Accounts receivable	4,609	3,773	4,060	3,425	3,006	+11.3%
Prepaids	0	0	0	34	92	—
Other current assets	8,051	7,179	5,721	5,739	5,957	+7.8%
Total current assets	23,558	19,724	18,961	16,606	16,949	+8.6%
Non-current assets
Property, plant & equipment (net)	2,303	2,138	2,061	2,006	1,907	+4.8%
Goodwill	9,560	9,193	7,660	7,522	7,662	+5.7%
Intangible assets	5,554	5,453	4,086	3,859	3,671	+10.9%
Goodwill & intangible assets	15,114	14,646	11,746	11,381	11,333	+7.5%
Long-term investments	1,705	1,607	1,729	1,730	1,834	-1.8%
Tax assets	1,567	1,614	1,355	1,151	486	+34.0%
Other non-current assets	9,910	8,352	6,596	5,850	5,160	+17.7%
Total non-current assets	30,599	28,357	23,487	22,118	20,720	+10.2%
Total assets	54,157	48,081	42,448	38,724	37,669	+9.5%
Current liabilities
Accounts payable	999	929	834	926	738	+7.9%
Other payables	914	454	486	279	337	+28.3%
Total payables	1,913	1,383	1,320	1,205	1,075	+15.5%
Short-term debt	749	750	1,337	274	792	-1.4%
Tax payables	0	0	486	279	337	—
Other current liabilities	6,942	6,218	4,853	4,076	4,150	+13.7%
Total current liabilities	22,762	19,220	16,264	14,171	13,162	+14.7%
Non-current liabilities
Long-term debt	18,251	17,476	14,344	13,749	13,109	+8.6%
Deferred tax liabilities (non-current)	307	317	369	393	395	-6.1%
Other non-current liabilities	5,091	4,553	4,474	4,034	3,591	+9.1%
Total non-current liabilities	23,649	22,346	19,187	18,176	17,095	+8.5%
Total debt	19,000	18,226	15,681	14,023	13,901	+8.1%
Total liabilities	46,411	41,566	35,451	32,347	30,257	+11.3%
Stockholders' equity
Retained earnings	85,035	72,907	62,564	53,607	45,648	+16.8%
Additional paid-in capital	6,907	6,442	5,893	5,298	5,061	+8.1%
Treasury stock	(83,224)	(71,431)	(60,429)	(51,354)	(42,588)	—
Accumulated other comprehensive income (loss)	(981)	(1,433)	(1,099)	(1,253)	(809)	—
Total stockholders' equity	7,737	6,485	6,929	6,298	7,312	+1.4%
Total equity	7,746	6,515	6,997	6,377	7,412	+1.1%
Minority interest	9	30	68	79	100	-45.2%
Total liabilities & equity	54,157	48,081	42,448	38,724	37,669	+9.5%
Additional fields
Accrued Expenses	13,158	10,869	8,754	8,616	7,145	+16.5%
Net Debt	8,434	9,784	7,093	7,015	6,480	+6.8%
Total Investments	2,037	1,937	2,321	2,130	2,307	-3.1%

Mastercard Incorporated

MANYSE

$627.38

Last price · USD

Market cap: $563.4B
P/E: 38.0x
EV / EBITDA: 27.8x
P/S: 17.2x
FCF yield: 2.9%
Div. yield: 0.49%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Mastercard Incorporated balance sheet

Annual · USD millions except per-share data · 41 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	10,566	8,442	8,588	7,008	7,421	+9.2%
Short-term investments	332	330	592	400	473	-8.5%
Cash & short-term investments	10,898	8,772	9,180	7,408	7,894	+8.4%
Net receivables	4,609	3,773	4,060	3,425	3,006	+11.3%
Accounts receivable	4,609	3,773	4,060	3,425	3,006	+11.3%
Prepaids	0	0	0	34	92	—
Other current assets	8,051	7,179	5,721	5,739	5,957	+7.8%
Total current assets	23,558	19,724	18,961	16,606	16,949	+8.6%
Non-current assets
Property, plant & equipment (net)	2,303	2,138	2,061	2,006	1,907	+4.8%
Goodwill	9,560	9,193	7,660	7,522	7,662	+5.7%
Intangible assets	5,554	5,453	4,086	3,859	3,671	+10.9%
Goodwill & intangible assets	15,114	14,646	11,746	11,381	11,333	+7.5%
Long-term investments	1,705	1,607	1,729	1,730	1,834	-1.8%
Tax assets	1,567	1,614	1,355	1,151	486	+34.0%
Other non-current assets	9,910	8,352	6,596	5,850	5,160	+17.7%
Total non-current assets	30,599	28,357	23,487	22,118	20,720	+10.2%
Total assets	54,157	48,081	42,448	38,724	37,669	+9.5%
Current liabilities
Accounts payable	999	929	834	926	738	+7.9%
Other payables	914	454	486	279	337	+28.3%
Total payables	1,913	1,383	1,320	1,205	1,075	+15.5%
Short-term debt	749	750	1,337	274	792	-1.4%
Tax payables	0	0	486	279	337	—
Other current liabilities	6,942	6,218	4,853	4,076	4,150	+13.7%
Total current liabilities	22,762	19,220	16,264	14,171	13,162	+14.7%
Non-current liabilities
Long-term debt	18,251	17,476	14,344	13,749	13,109	+8.6%
Deferred tax liabilities (non-current)	307	317	369	393	395	-6.1%
Other non-current liabilities	5,091	4,553	4,474	4,034	3,591	+9.1%
Total non-current liabilities	23,649	22,346	19,187	18,176	17,095	+8.5%
Total debt	19,000	18,226	15,681	14,023	13,901	+8.1%
Total liabilities	46,411	41,566	35,451	32,347	30,257	+11.3%
Stockholders' equity
Retained earnings	85,035	72,907	62,564	53,607	45,648	+16.8%
Additional paid-in capital	6,907	6,442	5,893	5,298	5,061	+8.1%
Treasury stock	(83,224)	(71,431)	(60,429)	(51,354)	(42,588)	—
Accumulated other comprehensive income (loss)	(981)	(1,433)	(1,099)	(1,253)	(809)	—
Total stockholders' equity	7,737	6,485	6,929	6,298	7,312	+1.4%
Total equity	7,746	6,515	6,997	6,377	7,412	+1.1%
Minority interest	9	30	68	79	100	-45.2%
Total liabilities & equity	54,157	48,081	42,448	38,724	37,669	+9.5%
Additional fields
Accrued Expenses	13,158	10,869	8,754	8,616	7,145	+16.5%
Net Debt	8,434	9,784	7,093	7,015	6,480	+6.8%
Total Investments	2,037	1,937	2,321	2,130	2,307	-3.1%