FINHUB Insights

Mastercard Q4 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
Oct 1 – Dec 31, 2025
Reported
Feb 11, 2026 10-K accession 0001141391-26-000013

Revenue$8.8B +18% year over year
Gross profit$8.0B 91% margin
Operating profit$4.9B 56% margin
Net profit$4.1B 46% margin
Sankey diagram of Mastercard's income statement for Q4 FY25: revenue of $8.8 billion splits into segments and flows out into costs, taxes and net profit.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 8.8 100% +18%
Payment network 4.9 56% +12%
Value added services & 3.9 44% +26%
Cost of revenue−0.89%
Gross profit8.091% margin+2pp
G&A−3.135%−1pp
Operating profit4.956% margin+3pp
Tax−0.9
Net profit4.1 46% margin+1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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