Mastercard Inc

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 31, 2025

MA$655.81+0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations —

PART I

Consolidated Statements of Operations (Unaudited)
	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
(in millions, except per share data)
Net Revenue	$8,133	$6,961	$15,383	$13,309
Operating Expenses:
General and administrative	2,766	2,418	5,289	4,704
Advertising and marketing	213	184	365	300
Depreciation and amortization	281	225	556	441
Provision for litigation	96	98	247	224
Total operating expenses	3,356	2,925	6,457	5,669
Operating income	4,777	4,036	8,926	7,640
Other Income (Expense):
Investment income	70	60	158	155
Gains (losses) on equity investments, net	4	(13)	(25)	(7)
Interest expense	(195)	(153)	(377)	(303)
Other income (expense), net	16	9	21	12
Total other income (expense)	(105)	(97)	(223)	(143)
Income before income taxes	4,672	3,939	8,703	7,497
Income tax expense	971	681	1,722	1,228
Net Income	$3,701	$3,258	$6,981	$6,269
Basic Earnings per Share	$4.08	$3.51	$7.67	$6.74
Basic weighted-average shares outstanding	908	929	910	931
Diluted Earnings per Share	$4.07	$3.50	$7.66	$6.72
Diluted weighted-average shares outstanding	909	930	911	933

6 MASTERCARD JUNE 30, 2025 FORM 10-Q

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.