Mastercard (MA) 10-K Summary — Year Ended Dec 31, 2023
Mastercard enables and guarantees settlement of transactions globally. For the annual period, the company's revenue increased from the prior year, and operating income, net income, and operating cash flow were reported.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Mastercard enables and guarantees settlement of transactions globally. For the annual period, the company's revenue increased from the prior year, and operating income, net income, and operating cash flow were reported.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.1B
Revenue reported for the fiscal year.
Operating income
$14B
Income from operations reported for the year.
Net income
$11.2B
Net income reported for the year.
Operating cash flow
$12B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $18.9B | n/a |
| Dec 31, 2022 | $22.2B | +17.8% |
| Dec 31, 2023 | $25.1B | +12.9% |
Business overview
The company facilitates payment transactions and guarantees settlement between its customers. It operates globally and faces credit and settlement exposure.
Financial performance
Revenue grew compared to the previous period. Operating income, net income, and operating cash flow were all positive and significant.
Material risks
The company's liquidity and access to capital could be affected by adverse global credit market conditions. There is also risk of loss on settlement guarantees, which may be driven by individual customer or regional factors.
Liquidity and capital
The company relies on existing cash, cash equivalents, investments, and a line of credit to fund operations and obligations. Management believes these resources are sufficient for future needs.
What to watch
The level of actual losses on settlement guarantees and any changes in global credit market conditions should be monitored in the next filing.