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Screener / SEC EDGAR /CIK 0001141391 /10-K filed Feb 11, 2026, compared with Feb 12, 2025 /Numbers from the XBRL of the 10-Ks
Financials peers:
APOBLKMRSHPYPLHIGMA
NYSE Financials · Business Services

Mastercard MA

MA quote by TradingView

Mastercard is a technology company in the global payments industry. 10-K, Item 1

Headquarters
Purchase, NY
CEO
Michael Miebach
Next results
around Jan 28, 2027
Compare with peers Embed

MA among Financials peers

Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.

Compare
Revenue growth: 16.4%, above 85% of 75 peers (their median 7.2%) REVENUE GROWTH 16.4% · above 85% Operating margin: 58.6%, above 93% of 27 peers (their median 25.3%) OPERATING MARGIN 58.6% · above 93% Net margin: 46.7%, above 97% of 75 peers (their median 20.1%) NET MARGIN 46.7% · above 97% FCF margin: 44.3%, above 92% of 48 peers (their median 21.4%) FCF MARGIN 44.3% · above 92% Return on capital: 49.6%, above 100% of 25 peers (their median 9.8%) RETURN ON CAPITAL 49.6% · above 100%
MA Peer median Below the median

What changed

1 new risk paragraph. 10-K filed Feb 11, 2026 against Feb 12, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +22.2% vs revenue +16.4% (+5.7 pts)
  • Cash from operations $17.6B vs net income $15.0B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition - Rebates and Incentives
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 12, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 12, 2025 10-K, ITEM 1A
    •Uncertain global trade policies and related government actions (including those related to tariffs), which could have an adverse impact on our business (including with respect to consumer and business spending) and relationships with stakeholders

New risk paragraphs, against peers

Latest 10-K of each, Financials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2016 to FY2025

Revenue, net income and free cash flow, each set to 100 in FY2016. What happened, from the 10-Ks. Not a forecast.

FY2016 = 100
100 200 300 400 Revenue: $10.8B in FY2016, $32.8B in FY2025 REVENUE $32.8B · 3.0x Net income: $4.1B in FY2016, $15.0B in FY2025 NET INCOME $15.0B · 3.7x Free cash flow: $4.4B in FY2016, $17.2B in FY2025 FREE CASH FLOW $17.2B · 3.9x FY2016 = 100FY2021FY2025
Revenue 3.0x $10.8B to $32.8B
Net income 3.7x $4.1B to $15.0B
Free cash flow 3.9x $4.4B to $17.2B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$22.2B$25.1B$28.2B$32.8B
Net income$9.9B$11.2B$12.9B$15.0B
Operating cash flow$11.2B$12.0B$14.8B$17.6B
Free cash flow$10.8B$11.6B$14.3B$17.2B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$32.8B ▲ 16.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Mastercard, Purchase, NY · from the 10-K filed Feb 11, 2026

Mastercard is a technology company in the global payments industry. We connect consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide by enabling electronic payments and making those payment transactions secure, simple, smart and accessible. We make payments easier and more efficient by providing a wide range of payment solutions and services using our family of well-known and trusted brands, including our primary brand Mastercard®, as well as our Maestro® and Cirrus® brands. We operate a payments network that provides choice and flexibility for consumers, merchants and our customers.

Headquarters
Purchase, NY
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 11, 2026 (open at SEC), compared with the 10-K filed Feb 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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