Mastercard Q2 FY25: where the revenue came from and where it went
The whole income statement of Mastercard for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 31, 2025
Revenue$8.1B
+17% year over year
Gross profit$7.5B
93% margin
Operating profit$4.8B
59% margin
Net profit$3.7B
46% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.1 | 100% | +17% |
| Payment network | 4.9 | 61% | +13% |
| Value added services & | 3.2 | 39% | +23% |
| Cost of revenue | −0.6 | 7% | |
| Gross profit | 7.5 | 93% margin | +0pp |
| G&A | −2.8 | 34% | −1pp |
| Operating profit | 4.8 | 59% margin | +1pp |
| Interest & other costs | −0.1 | ||
| Tax | −1.0 | ||
| Net profit | 3.7 | 46% margin | −1pp |
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