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Mastercard is a global payments technology company that connects consumers, financial institutions, merchants, governments, and businesses through its payment network. While many people associate Mastercard with credit cards, the company’s core business is enabling secure electronic payments at massive scale—plus a growing portfolio of value-added services in areas like fraud prevention, identity, data and analytics, and cybersecurity.
This page compiles the latest verifiable Mastercard metrics (revenue, net income, payment volume, transactions, cards, and employees), keeps older financial totals clearly labeled by year, and replaces outdated or weak claims with primary-source reporting.
Quick Answer (2026)
In FY2025 (year ended Dec. 31, 2025), Mastercard reported $32.8 billion in net revenue and $15.0 billion in net income. Mastercard processed $10.6 trillion in gross dollar volume (GDV) and 175.5 billion switched transactions in 2025. As of Dec. 31, 2025, customers had issued 3.7 billion Mastercard and Maestro-branded cards.
Key Mastercard Metrics (Latest Available)
| Metric | Latest figure | Year / as-of date | Source |
|---|---|---|---|
| Net revenue | $32.8B | FY2025 | SEC FY2025 Form 10-K |
| Net income | $15.0B | FY2025 | SEC FY2025 Form 10-K |
| Gross dollar volume (GDV) | $10.6T | FY2025 | SEC FY2025 Form 10-K |
| Switched transactions | 175.5B | FY2025 | SEC FY2025 Form 10-K |
| Cards in circulation (Mastercard + Maestro) | 3.7B | As of Dec. 31, 2025 | FY2025 earnings release (PDF) |
| Employees | ~39,800 (about 70% outside the U.S.) | As of Dec. 31, 2025 | SEC FY2025 Form 10-K |
| Global reach | 150+ currencies and 220+ countries & territories | Company description (FY2025 filing) | SEC FY2025 Form 10-K |
What “Mastercard Revenue” Means
Mastercard generally reports net revenue rather than “gross revenue.” Net revenue reflects payment-network revenues plus value-added services and solutions, net of rebates and incentives paid to customers. When you see different “revenue” numbers across sites, it’s usually because they’re mixing gross revenue, net revenue, or using older reporting definitions.
Mastercard at a Glance: FY2024 vs. FY2025
| Metric | FY2024 | FY2025 | Source |
|---|---|---|---|
| Net revenue | $28.2B | $32.8B | FY2024 10-K / FY2025 10-K |
| Net income | $12.874B | $15.0B | FY2024 10-K / FY2025 10-K |
| Gross dollar volume (GDV) | $9.8T | $10.6T | FY2024 10-K / FY2025 10-K |
| Switched transactions | 159.4B | 175.5B | FY2024 10-K / FY2025 10-K |
| Employees (year-end) | ~35,300 | ~39,800 | FY2024 10-K / FY2025 10-K |
Cards in Circulation (FY2025)
Mastercard’s customers had issued 3.7 billion Mastercard and Maestro-branded cards as of Dec. 31, 2025. In Mastercard’s FY2025 reporting, the company also breaks out Mastercard-branded cards (excluding Maestro and Cirrus) into major categories such as consumer credit, consumer debit and prepaid, and commercial cards.
Recent Milestones (Verified)
- May 2006: MasterCard Incorporated’s IPO was priced and the shares began trading on the NYSE under ticker MA.
- March 5, 2022: Mastercard announced it would suspend network services in Russia.
- Dec. 20, 2024: Mastercard completed its acquisition of Recorded Future (threat intelligence/cybersecurity).
Mastercard Annual Net Revenue (Historical)
- 2025: $32.8B
- 2024: $28.167B
- 2023: $25.098B
- 2022: $22.237B
- 2021: $18.884B
- 2020: $15.301B
- 2019: $16.883B
- 2018: $14.950B
- 2017: $12.497B
- 2016: $10.776B
- 2015: $9.667B
- 2014: $9.441B
- 2013: $8.312B
Mastercard Annual Net Income (Historical)
- 2025: $15.0B
- 2024: $12.874B
- 2023: $10.255B
- 2022: $9.927B
- 2021: $8.687B
- 2020: $6.411B
- 2019: $8.118B
- 2018: $5.859B
- 2017: $3.915B
- 2016: $4.059B
- 2015: $3.808B
- 2014: $3.617B
- 2013: $3.116B
FAQ
How much revenue does Mastercard make per year?
Mastercard reported $32.8 billion in net revenue in FY2025 (and $28.167B in FY2024).
How much profit does Mastercard make?
Mastercard reported $15.0 billion in net income in FY2025 (and $12.874B in FY2024).
How many transactions does Mastercard process?
Mastercard reported 175.5 billion switched transactions in FY2025 (FY2024: 159.4B). “Switched transactions” are transactions initiated and switched through Mastercard’s network.
How much payment volume runs on Mastercard?
Mastercard reported $10.6 trillion in gross dollar volume (GDV) in FY2025 (FY2024: $9.8T). GDV includes domestic and cross-border volume on cards carrying Mastercard brands.
How many Mastercard cards are in circulation?
As of Dec. 31, 2025, Mastercard reported its customers had issued 3.7 billion Mastercard and Maestro-branded cards.
How many employees does Mastercard have?
As of Dec. 31, 2025, Mastercard employed approximately 39,800 people globally (about 70% outside the U.S.).
Sources
- Mastercard FY2025 Form 10-K (SEC)
- Mastercard FY2024 Form 10-K (SEC)
- Mastercard FY2025 earnings release (cards in circulation)
- Mastercard IR: acquisition of Recorded Future completed (Dec. 20, 2024)
- Mastercard IR: IPO announcement (May 2006)
- Mastercard: suspension of Russian operations statement (Mar. 5, 2022)
