Mastercard Incorporated

Earnings chart of Mastercard Inc.

Graph of returns of Mastercard Inc.

(US$ in Million)20242023202220212020
Turnover28,16725,09822,23718,88415,301
Year-on-Year Change12.2%12.9%17.8%23.4%-9.4%
      
Operating Profit15,58214,00812,26410,0828,081
Year-on-Year Change11.2%14.2%21.6%24.8%-16.4%
      
EBITDA16,47914,80713,01410,8088,661
Year-on-Year Change11.3%13.8%20.4%24.8%-15.0%
      
PBT15,25413,63911,73210,3077,760
Year-on-Year Change11.8%16.3%13.8%32.8%-20.3%
      
PAT12,87411,1959,9308,6876,411
Year-on-Year Change15.0%12.7%14.3%35.5%-21.0%
      
Total Assets48,08142,44838,72437,66933,584
Year-on-Year Change13.3%9.6%2.8%12.2%14.9%
      
Net Current Assets5042,6972,4353,7877,266
Year-on-Year Change-81.3%10.8%-35.7%-47.9%45.4%
      
Total Equity6,5156,9756,3567,3836,488
Year-on-Year Change-6.6%9.7%-13.9%13.8%9.7%
      
Capital Expenditure2,9853717554,8431,328
Year-on-Year Change704.6%-50.9%-84.4%264.7%-28.7%
      
Funds from Operations14,78011,98011,1959,4637,224
Year-on-Year Change23.4%7.0%18.3%31.0%-11.7%
      
Free Operating Cashflow11,79511,60910,4404,6205,896
Year-on-Year Change1.6%11.2%126.0%-21.6%-6.7%
      
Total Debt18,22615,68114,02313,90112,672
Year-on-Year Change16.2%11.8%0.9%9.7%48.6%
      
Net Debt9,7847,0937,0156,4802,559
Year-on-Year Change37.9%1.1%8.3%153.2%66.3%
      
Shares Outstanding (Million)9259449689881,002
Year-on-Year Change-2.0%-2.5%-2.0%-1.4%-1.5%
      
Payout Ratio20.2%19.7%20.8%20.9%25.7%
⇑ – Year-on-Year IncreaseGreen: ‘Improved’
⇓ – Year-on-Year DecreaseRed: ‘Worsened’
⇔ – Year-on-Year Unchanged 
 20242023202220212020
                                                               CAPITAL STRUCTURE     
Total Debt/(Total Debt + Equity)73.7%⇑69.2%⇑68.8%⇑65.3%⇓66.1%⇑
Net Debt/Equity150.2%⇑101.7%⇓110.4%⇑87.8%⇑39.4%⇑
Debt/Total Assets37.9%⇑36.9%⇑36.2%⇓36.9%⇓37.7%⇑
Long Term Debt/Net Earnings1.4x⇑1.3x⇓1.5x⇔1.5x⇓1.9x⇑
Current Ratio1.0x⇓1.2x⇔1.2x⇓1.3x⇓1.6x⇑
Acid Test Ratio1.0x⇓1.2x⇔1.2x⇓1.3x⇓1.6x⇑
      
      
CASHFLOW RATIOS     
Funds from Operations/Total Debt0.8x⇔0.8x⇔0.8x⇑0.7x⇑0.6x⇓
Funds from Operations/Net Debt1.5x⇓1.7x⇑1.6x⇑1.5x⇓2.8x⇓
EBITDA/Interest25.5x⇓25.8x⇓27.6x⇑25.1x⇑22.8x⇓
EBIT/Interest24.1x⇓24.4x⇓26.0x⇑23.4x⇑21.3x⇓
Net Debt/EBITDA0.6x⇑0.5x⇔0.5x⇓0.6x⇑0.3x⇑
Free Operating Cashflow/Interest18.3x⇓20.2x⇓22.2x⇑10.7x⇓15.5x⇓
Free Operating Cashflow/Net Debt1.2x⇓1.6x⇑1.5x⇑0.7x⇓2.3x⇓
Free Operating Cashflow/Sales0.4x⇓0.5x⇔0.5x⇑0.2x⇓0.4x⇔
      
      
PROFITABILITY RATIOS     
EBITDA Margin58.5%⇓59.0%⇑58.5%⇑57.2%⇑56.6%⇓
EBIT Margin55.3%⇓55.8%⇑55.2%⇑53.4%⇑52.8%⇓
PBT Margin54.2%⇓54.3%⇑52.8%⇓54.6%⇑50.7%⇓
PAT Margin45.7%⇑44.6%⇓44.7%⇓46.0%⇑41.9%⇓
ROAE185.9%⇑170.3%⇑138.1%⇑123.4%⇑103.3%⇓
ROAA27.7%⇓28.0%⇑24.8%⇑24.0%⇑20.4%⇓