# Mastercard Incorporated (MA) · Edgar & Edgarette company card

> Mastercard Incorporated (MA) grew revenue 16.4% in FY2025 to $32.8 billion, operating margin 57.6% against a 7.9% median for services-business services, nec, equity 14.3% of assets, and dividend per share up 12 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1141391 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/MA) · [JSON](https://www.pops4.com/boards/company/MA.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $32.8B |
| Revenue growth, 1 year | 16.4% |
| Revenue growth per year | 2.4% |
| Operating margin | 57.6% (prior year 55.3%) |
| Net margin | 45.6% |
| Operating cash flow | $17.6B |
| Capital spending | $489M |
| Free cash flow | $17.2B |
| Cash | $10.6B |
| Long-term debt | $19.0B |
| Total assets | $54.2B |
| Total equity | $7.7B |
| Equity ÷ assets | 14.3% |
| Return on equity | 193.5% |
| Dividend per share | $3.15 |
| Dividend years rising | 12 |

## Readings, computed from those figures

- Altman Z: 7.73 (safe zone)
- Piotroski F: 8 of 9 (strong)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $32.8B (FY2025), total debt $19.0B. Experience: revenue up 16.4% on the year, up 2.4% a year over 4 years; operating margin 57.6%, up from 55.3%. Soundness: equity 14.3% of assets, return on equity 193.5%, payout 18.4% of profit, dividend per share up 12 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $29.3B and $44.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $24.3B to $53.4B. A statistical range, not company guidance. Against peers (70 filers, $50M+ revenue, services-business services, nec): operating margin 57.6% against a 7.9% median; growth 16.4% against 10.2%.

Range logged 2026-09-26, receipt e6d368c3c1679913, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-06-02 ([filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000037/0001141391-26-000037-index.htm))

## Recent filings

- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000083/0001141391-26-000083-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000081/0001141391-26-000081-index.htm)
- 8-K · filed 2026-06-17 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000041/0001141391-26-000041-index.htm)
- 8-K · filed 2026-06-08 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000119312526261669/0001193125-26-261669-index.htm)
- 8-K · filed 2026-06-02 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000037/0001141391-26-000037-index.htm)
- 8-K · filed 2026-05-07 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1141391/000114139126000034/0001141391-26-000034-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001141391.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1141391

## Cite

POPS4, Edgar & Edgarette: Mastercard Incorporated (MA) company card, from the company's own SEC filings, accessed 2026-10-27, https://www.pops4.com/boards/company/MA. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.