What changed in Mastercard Incorporated's latest annual report
In the year ended 31 Dec 2025, Mastercard Incorporated's revenue rose 16.4% to USD 32.79bn, from USD 28.17bn; cash and cash equivalents rose 25.2% to USD 10.57bn, from USD 8.44bn; shareholders' equity rose 19.3% to USD 7.74bn, from USD 6.49bn.
Year ended 31 Dec 2025. Source: 10-K filed 11 Feb 2026, read it on SEC EDGAR.
USD 28.17bn to USD 32.79bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 28.17bn | 32.79bn | Up 16.4% |
| Total assets | 48.08bn | 54.16bn | Up 12.6% |
| Total liabilities | 41.57bn | 46.41bn | Up 11.7% |
| Long-term debt | 17.48bn | 18.25bn | Up 4.4% |
| Cash and cash equivalents | 8.44bn | 10.57bn | Up 25.2% |
| Shareholders' equity | 6.49bn | 7.74bn | Up 19.3% |
Questions people ask
Did Mastercard Incorporated's revenue grow last year?
Revenue grew 16.4%, from USD 28.17bn to USD 32.79bn in the year ended 31 Dec 2025.
How much cash and debt does Mastercard Incorporated have?
At its latest year end (31 Dec 2025), Mastercard Incorporated reported cash and cash equivalents of USD 10.57bn and long-term debt of USD 18.25bn.
Where do these numbers come from?
From Mastercard Incorporated's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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