Mastercard Inc (MA)
Mastercard Incorporated is a global technology firm specializing in providing transaction processing and a wide array of payment solutions, operating across the United States and internationally. Its core business centers on enabling the entire payment transaction lifecycle – including authorization, clearing, and settlement – alongside offering a spectrum of complementary payment services. The company provides a comprehensive suite of integrated products and value-added services to a diverse clientele, which includes individual account holders, merchants, financial institutions, businesses, governments, and other organizations. These offerings span programs enabling deferred payment credit, prepaid card management services, commercial credit and debit solutions, and tools for accessing funds in deposit and other accounts. Additionally, Mastercard offers advanced cyber and intelligence solutions designed to secure transactions for all participants, and provides proprietary insights derived from the responsible utilization of consumer and merchant data. For online merchants, its specialized offerings encompass analytics, experimental "test and learn" platforms, consulting, managed services, loyalty programs, payment processing, and secure gateway technologies. The company also operates open banking and digital identity platforms. Its prominent payment solutions are delivered under the MasterCard, Maestro, and Cirrus brands. Established in 1966, Mastercard Incorporated is headquartered in Purchase, New York.
Sector: Services-Business Services, NEC
Industry: Financial - Credit Services
Mastercard Incorporated
NYSE:MAFinancial Services · Financial - Credit Services
-1.52%$623.60
AH Close$623.80+0.03%vs close
AH Close$623.80+0.03%vs close
Mkt Cap$546.28B
Float804.6M
O/S876.01M
Inst Own85.1%
SI0.8%
Div Yield0.56%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$32.79B
Net Income$14.97B
Total Assets$54.16B
Free Cash Flow$16.43B
Debt & Equity
Debt 71%
Equity 29%
Total Debt$19B
Total Equity$7.74B
Shares Outstanding
Short Interest
Split History1 split
- 10:1Forward splitJan 22, 20141 share → 10
Balance Sheet Details
Assets$54.16B
Liabilities$46.41B
Accounts Receivable$4.61B
Accounts Payable$999M
Inventory$0
PP&E (Net)$2.3B
Goodwill$9.56B
Intangible Assets$5.55B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1998-12-31 |
| Revenue | $32.79B | $28.17B | $25.1B | $22.24B | $18.88B | $15.3B | $16.88B | $14.95B | $12.5B | $10.78B | $9.67B | $9.44B | $8.31B | $7.39B | $6.71B | $5.54B | $5.1B | $4.99B | $4.07B | $3.33B | $2.94B | $2.59B | $2.23B | $1.89B | $1.61B | $1.45B | $1.09B |
| YoY Growth | 16.4% | 12.2% | 12.9% | 17.8% | 23.4% | -9.4% | 12.9% | 19.6% | 16.0% | 11.5% | 2.4% | 13.6% | 12.5% | 10.1% | 21.2% | 8.6% | 2.2% | 22.7% | 22.3% | 13.2% | 13.3% | 16.2% | 17.9% | 17.4% | 11.5% | 32.6% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $32.79B | $28.17B | $25.1B | $22.24B | $18.88B | $15.3B | $16.88B | $14.95B | $12.5B | $10.78B | $9.67B | $9.44B | $8.31B | $7.39B | $6.71B | $5.54B | $5.1B | $4.99B | $4.07B | $3.33B | $2.94B | $2.59B | $2.23B | $1.89B | $1.61B | $1.45B | $1.09B |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $12.25B | $10.94B | $9.67B | $8.77B | $7.93B | $6.56B | $6.67B | $6.12B | $5.32B | $4.49B | $4.24B | $4.04B | $3.45B | $3.18B | $3.05B | $2.64B | $2.69B | $2.93B | $2.84B | $2.56B | $2.36B | $2.1B | $2.71B | $1.66B | $1.32B | $0 | $0 |
| Other | $1.65B | $897M | $799M | $750M | $871M | $662M | $554M | $1.55B | $557M | $524M | $345M | $291M | $355M | $277M | $951M | $151M | $148M | $2.59B | $121.04M | $539.52M | $185.09M | $144.97M | $119.55M | $90.5M | $69.97M | $1.27B | $1.07B |
| Total Operating Expenses | $13.89B | $11.84B | $10.47B | $9.52B | $8.8B | $7.22B | $7.22B | $7.67B | $5.88B | $5.01B | $4.59B | $4.33B | $3.81B | $3.45B | $4B | $2.79B | $2.84B | $5.53B | $2.96B | $3.1B | $2.54B | $2.25B | $2.83B | $1.75B | $1.39B | $1.27B | $1.07B |
| Operating Income (EBIT) | $18.9B | $16.33B | $14.63B | $12.72B | $10.08B | $8.08B | $9.66B | $7.28B | $6.62B | $5.76B | $5.08B | $5.11B | $4.5B | $3.94B | $2.71B | $2.75B | $2.26B | -$534.5M | $1.11B | $229.5M | $393.18M | $346.67M | -$601.86M | $142M | $221.7M | $178.02M | $18.25M |
| Operating Margin | 57.6% | 58.0% | 58.3% | 57.2% | 53.4% | 52.8% | 57.2% | 48.7% | 53.0% | 53.5% | 52.5% | 54.1% | 54.2% | 53.3% | 40.4% | 49.7% | 44.3% | -10.7% | 27.2% | 6.9% | 13.4% | 13.4% | -27.0% | 7.5% | 13.8% | 12.3% | 1.7% |
| Interest Expense | $722M | $646M | $575M | $471M | $431M | $380M | $224M | $186M | $154M | $95M | $61M | $48M | $14M | $20M | $25M | $52M | $115M | $103.6M | $0 | $0 | $0 | $0 | $62.94M | $9.89M | $9.55M | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $26M | $33M | $36M | $44M | $48M | $56M | $108.76M | $0 | $0 | $0 | $0 | $35.4M | $23.09M | $23.65M | $0 | $0 |
| Other Income (Expense) | -$319M | -$1.07B | -$991M | -$990M | $225M | -$321M | $67M | -$78M | -$100M | -$115M | -$120M | -$27M | -$3M | -$4M | $35M | $5M | -$42M | $151.29M | $563.32M | $64.68M | $14.15M | -$22.97M | -$9.66M | $16.39M | $11.24M | -$178.02M | -$18.25M |
| Income Before Tax (EBT) | $18.58B | $15.25B | $13.64B | $11.73B | $10.31B | $7.76B | $9.73B | $7.2B | $6.52B | $5.65B | $4.96B | $5.08B | $4.5B | $3.93B | $2.75B | $2.76B | $2.22B | -$383.21M | $1.67B | $294.17M | $407.34M | $323.7M | -$611.52M | $158.39M | $232.94M | $0 | $0 |
| Income Tax Expense | $3.61B | $2.38B | $2.44B | $1.8B | $1.62B | $1.35B | $1.61B | $1.34B | $2.61B | $1.59B | $1.15B | $1.46B | $1.38B | $1.17B | $842M | $910M | $755M | -$129.3M | $585.55M | $243.98M | $140.62M | $85.64M | -$220.78M | $41.96M | $90.88M | $0 | $0 |
| Net Income | $14.97B | $12.87B | $11.2B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B | $3.92B | $4.06B | $3.81B | $3.62B | $3.12B | $2.76B | $1.91B | $1.85B | $1.46B | -$253.91M | $1.09B | $50.19M | $266.72M | $238.06M | -$385.79M | $116.43M | $142.06M | $118.15M | $24.18M |
| Net Income Margin | 45.6% | 45.7% | 44.6% | 44.7% | 46.0% | 41.9% | 48.1% | 39.2% | 31.3% | 37.7% | 39.4% | 38.3% | 37.5% | 37.3% | 28.4% | 33.3% | 28.7% | -5.1% | 26.7% | 1.5% | 9.1% | 9.2% | -17.3% | 6.2% | 8.8% | 8.2% | 2.2% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | 16.55 | 13.92 | 11.86 | 10.26 | 8.79 | 6.40 | 7.98 | 5.63 | 3.67 | 3.70 | 3.36 | 3.11 | 2.57 | 2.20 | 1.49 | 1.41 | 1.12 | -0.20 | 0.81 | 0.04 | 0.20 | 0.24 | -0.39 | 0.14 | 0.20 | 0.17 | 0.03 |
| Diluted EPS | 16.52 | 13.89 | 11.83 | 10.23 | 8.76 | 6.37 | 7.94 | 5.60 | 3.65 | 3.69 | 3.35 | 3.10 | 2.56 | 2.19 | 1.48 | 1.41 | 1.12 | -0.20 | 0.80 | 0.04 | 0.20 | 0.24 | -0.39 | 0.14 | 0.20 | 0.17 | 0.03 |
| Weighted Average OS | 897.00M | 925.00M | 944.00M | 968.00M | 988.00M | 1.00B | 1.02B | 1.04B | 1.07B | 1.10B | 1.13B | 1.17B | 1.21B | 1.25B | 1.28B | 1.31B | 1.30B | 1.30B | 1.35B | 1.35B | 1.35B | 1.00B | 1.00B | 862.04M | 717.10M | 716.05M | 711.26M |
| EBITDA | $20.54B | $16.8B | $15.01B | $12.95B | $11.46B | $8.72B | $10.48B | $7.85B | $7.11B | $6.11B | $5.38B | $5.45B | $4.77B | $4.18B | $2.97B | $2.96B | $2.47B | -$167.61M | $1.21B | $329.28M | $503.12M | $469.99M | -$429.03M | $258.78M | $312.46M | $178.02M | $18.25M |
| EBITDA Margin | 62.7% | 59.6% | 59.8% | 58.2% | 60.7% | 57.0% | 62.1% | 52.5% | 56.9% | 56.7% | 55.7% | 57.7% | 57.4% | 56.6% | 44.2% | 53.4% | 48.5% | -3.4% | 29.6% | 9.9% | 17.1% | 18.1% | -19.2% | 13.7% | 19.4% | 12.3% | 1.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1998-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $10.57B | $8.44B | $8.59B | $7.01B | $7.42B | $10.11B | $6.99B | $6.68B | $5.93B | $6.72B | $5.75B | $5.14B | $3.6B | $2.05B | $3.73B | $3.07B | $2.06B | $1.51B | $1.66B | $1.19B | $545.27M | $329M | $374.17M | $336.47M | $176.14M | $0 | $0 |
| Short-Term Investments | $332M | $330M | $592M | $400M | $473M | $483M | $688M | $1.7B | $1.85B | $1.61B | $991M | $1.24B | $2.7B | $2.99B | $1.22B | $1.13B | $824M | $742.1M | $1.31B | $1.3B | $736.62M | $808.89M | $536.34M | $535.45M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $10.9B | $8.77B | $9.18B | $7.41B | $7.89B | $10.6B | $7.68B | $8.38B | $7.78B | $8.34B | $6.74B | $6.38B | $6.29B | $5.04B | $4.95B | $4.2B | $2.88B | $2.25B | $2.97B | $2.48B | $1.28B | $1.14B | $910.51M | $871.92M | $176.14M | $0 | $0 |
| Accounts Receivable | $4.61B | $3.77B | $4.06B | $3.42B | $3.01B | $4.35B | $5.51B | $4.73B | $3.34B | $2.51B | $2.15B | $2.16B | $2.32B | $2.04B | $1.44B | $1.15B | $995M | $1.35B | $1.25B | $763.21M | $347.75M | $293.29M | $259.43M | $198.85M | $180.51M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $8.05B | $7.18B | $5.72B | $5.74B | $5.96B | $4.09B | $3.61B | $3.01B | $2.59B | $2.27B | $2.03B | $2.22B | $2.3B | $1.63B | $1.31B | $794M | $816M | $499.66M | $220.31M | $199.25M | $431.04M | $351.24M | $347.72M | $317.58M | $695.32M | $0 | $0 |
| Total Current Assets | $23.56B | $19.72B | $18.96B | $16.61B | $16.95B | $19.11B | $16.9B | $16.17B | $13.8B | $13.23B | $10.98B | $11B | $10.95B | $9.36B | $7.74B | $6.45B | $5B | $4.31B | $4.59B | $3.58B | $2.23B | $1.9B | $1.61B | $1.46B | $1.12B | $0 | $0 |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $2.3B | $2.14B | $2.06B | $2.01B | $1.91B | $1.9B | $1.83B | $921M | $829M | $733M | $675M | $615M | $526M | $472M | $449M | $439M | $449M | $306.8M | $290.2M | $252.73M | $230.61M | $242.36M | $258.52M | $226.72M | $159.74M | $0 | $0 |
| Goodwill | $9.56B | $9.19B | $7.66B | $7.52B | $7.66B | $4.96B | $4.02B | $2.9B | $3.04B | $1.76B | $1.89B | $1.52B | $1.12B | $1.09B | $1.01B | $677M | $309M | $297.99M | $239.63M | $217.01M | $196.7M | $217.65M | $187.88M | $152.94M | $7.14M | $0 | $0 |
| Intangible Assets | $5.55B | $5.45B | $4.09B | $3.86B | $3.67B | $1.75B | $1.42B | $991M | $1.12B | $722M | $803M | $714M | $672M | $672M | $665M | $530M | $415M | $394.28M | $320.76M | $271.37M | $273.85M | $328.98M | $327.63M | $285.7M | $84.11M | $0 | $0 |
| Long-Term Investments | $1.71B | $1.61B | $1.73B | $1.73B | $1.83B | $1.17B | $914M | $337M | $249M | $132M | $166M | $245M | $229M | $281M | $266M | $142M | $518M | $229.21M | $0 | $0 | $0 | $0 | $196.14M | $6.56M | $0 | $0 | $0 |
| Deferred Tax Assets | $1.57B | $1.61B | $1.35B | $1.15B | $486M | $491M | $543M | $570M | $250M | $307M | $317M | $96M | $0 | $0 | $88M | $5M | $264M | $567.57M | $263.14M | $216.78M | $225.03M | $235.02M | $223.91M | $41.34M | $66.53M | $0 | $0 |
| Other Long-Term Assets | $9.91B | $8.35B | $6.6B | $5.85B | $5.16B | $4.19B | $3.61B | $2.97B | $2.05B | $1.8B | $1.41B | $1.14B | $743M | -$2.52B | $470M | $590M | $512M | $368.49M | $554.57M | $547.34M | $546.44M | $337.86M | $96.97M | $91.97M | $50.81M | $0 | $0 |
| Total Long-Term Assets | $30.6B | $28.36B | $23.49B | $22.12B | $20.72B | $14.47B | $12.33B | $8.69B | $7.53B | $5.45B | $5.27B | $4.33B | $3.29B | $2.52B | $2.95B | $2.38B | $2.47B | $2.16B | $1.67B | $1.51B | $1.47B | $1.36B | $1.29B | $805.24M | $368.34M | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $280M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $54.16B | $48.08B | $42.45B | $38.72B | $37.67B | $33.58B | $29.24B | $24.86B | $21.33B | $18.68B | $16.25B | $15.33B | $14.24B | $12.46B | $10.69B | $8.84B | $7.47B | $6.48B | $6.26B | $5.08B | $3.7B | $3.26B | $2.9B | $2.26B | $1.49B | $1.19B | $871.64M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $999M | $929M | $834M | $926M | $738M | $527M | $489M | $537M | $933M | $609M | $472M | $419M | $338M | $357M | $360M | $908M | $768M | $794.58M | $252.39M | $278.66M | $185.02M | $187.03M | $202.6M | $172.24M | $110.91M | $0 | $0 |
| Short-Term Debt | $749M | $750M | $1.34B | $274M | $792M | $649M | $0 | $500M | $0 | $0 | $0 | $0 | $35M | $0 | $0 | $0 | $0 | $149.38M | $80M | $0 | $0 | $0 | $0 | $0 | $9.53M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $486M | $279M | $337M | $208M | $332M | $158M | $194M | $161M | $143M | $105M | $0 | $0 | $82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $218M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $6.94B | $6.22B | $4.85B | $4.08B | $4.15B | $4.4B | $2.3B | $4B | $4.12B | $3.44B | $3.18B | $1.45B | $3.65B | $1.01B | $3.42B | $920M | $1.17B | $1.01B | $959.39M | $1.2B | $1.07B | $860.27M | $431.09M | $271.07M | $176.34M | $0 | $0 |
| Total Current Liabilities | $22.76B | $19.22B | $16.26B | $14.17B | $13.16B | $11.85B | $11.9B | $11.59B | $8.79B | $7.21B | $6.27B | $6.22B | $6.03B | $4.91B | $4.22B | $3.14B | $3.17B | $2.99B | $2.36B | $1.81B | $1.56B | $1.3B | $1.19B | $929.74M | $649.97M | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $18.25B | $17.48B | $14.34B | $13.75B | $13.11B | $12.02B | $8.53B | $5.83B | $5.42B | $5.18B | $3.27B | $1.49B | $0 | $0 | $0 | $0 | $22M | $19.39M | $149.82M | $229.67M | $229.49M | $229.57M | $229.57M | $80.11M | $80.06M | $82.99M | $82.42M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $307M | $317M | $369M | $393M | $395M | $86M | $85M | $67M | $106M | $81M | $79M | $115M | $0 | $0 | $113M | $74M | $80M | $74.52M | $71.28M | $66.2M | $61.19M | $73.23M | $64.13M | $67.44M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $5.09B | $4.55B | $4.47B | $4.03B | $3.59B | $3.11B | $2.73B | $1.88B | $1.44B | $524M | $572M | $674M | $715M | $0 | $486M | $404M | $689M | $1.46B | $643.67M | $606.03M | $679.4M | $680.94M | $715.01M | $159.53M | $149.61M | -$82.99M | -$82.42M |
| Total Long-Term Liabilities | $23.65B | $22.35B | $19.19B | $18.18B | $17.09B | $15.22B | $11.34B | $7.78B | $6.97B | $5.79B | $3.92B | $2.28B | $715M | $0 | $599M | $478M | $791M | $1.55B | $864.77M | $901.9M | $970.07M | $983.74M | $1.01B | $307.08M | $229.67M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $46.41B | $41.57B | $35.45B | $32.35B | $30.26B | $27.07B | $23.25B | $19.37B | $15.76B | $12.99B | $10.19B | $8.51B | $6.75B | $5.53B | $4.82B | $3.62B | $3.96B | $4.54B | $3.23B | $2.71B | $2.53B | $2.29B | $2.2B | $1.24B | $879.64M | $724.65M | $614.39M |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14K | $14K | $14K | $14K | $14K | $1M | $1M | $1M | $0 | $0 | $0 |
| Retained Earnings | $85.03B | $72.91B | $62.56B | $53.61B | $45.65B | $38.75B | $33.98B | $27.28B | $22.36B | $19.42B | $16.22B | $13.17B | $10.12B | $7.35B | $4.75B | $2.92B | $1.15B | -$236.1M | $37.7M | -$1.03B | $145.51M | -$121.2M | -$359.26M | $26.53M | $602.72M | $0 | $0 |
| Comprehensive Income & Other | -$981M | -$1.43B | -$1.1B | -$1.25B | -$809M | -$680M | -$673M | -$718M | -$497M | -$924M | -$676M | -$260M | $178M | $0 | -$2M | $95M | $194M | $108.84M | $277.75M | $103.66M | $49.01M | $127.79M | $89.62M | $28.51M | $3.94M | $0 | $0 |
| Other Stockholders' Equity | -$77.3B | -$66.42B | -$55.63B | -$47.31B | -$38.34B | -$32.36B | -$28.09B | -$21.89B | -$16.9B | -$13.76B | -$10.19B | -$6.38B | -$2.64B | -$437M | $1.12B | $2.29B | $2.36B | $2.16B | $2.99B | $3.39B | $1.02B | $1.1B | $1.06B | $995.88M | $3.94M | $462.41M | $257.25M |
| Total Equity | $7.74B | $6.49B | $6.93B | $6.3B | $7.31B | $6.39B | $5.89B | $5.39B | $5.47B | $5.66B | $6.03B | $6.79B | $7.48B | $6.92B | $5.87B | $5.21B | $3.5B | $1.93B | $3.03B | $2.36B | $1.17B | $974.95M | $698.72M | $1.02B | $606.66M | $462.41M | $257.25M |
| Minority Interest | $9M | $30M | $68M | $79M | $100M | $126M | $98M | $94M | $100M | $28M | $34M | $34M | $11M | $12M | $9M | $11M | $8M | $4.62M | $4.62M | $4.62M | $4.62M | $4.62M | $4.62M | $644K | $0 | $0 | $0 |
| Total Liabilities and Equity | $54.15B | $48.05B | $42.38B | $38.65B | $37.57B | $33.46B | $29.14B | $24.77B | $21.23B | $18.65B | $16.22B | $15.29B | $14.23B | $12.45B | $10.68B | $8.83B | $7.46B | $6.47B | $6.26B | $5.08B | $3.7B | $3.26B | $2.9B | $2.26B | $1.49B | $1.19B | $871.64M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $19B | $18.23B | $15.68B | $14.02B | $13.9B | $12.67B | $8.53B | $6.33B | $5.42B | $5.18B | $3.27B | $1.49B | $35M | $0 | $0 | $0 | $22M | $168.77M | $229.82M | $229.67M | $229.49M | $229.57M | $229.57M | $80.11M | $89.6M | $82.99M | $82.42M |
| Net Debt | $8.43B | $9.78B | $7.09B | $7.01B | $6.48B | $2.56B | $1.54B | -$348M | -$509M | -$1.54B | -$2.48B | -$3.64B | -$3.56B | $0 | -$3.73B | -$3.07B | -$2.03B | -$1.34B | -$1.43B | -$955.41M | -$315.78M | -$99.43M | -$144.59M | -$256.37M | -$86.55M | $82.99M | $82.42M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 |
| Operating Activities | |||||||||||||||||||||||||
| Net Income | $14.97B | $12.87B | $11.2B | $9.93B | $8.69B | $6.41B | $8.12B | $5.86B | $3.92B | $4.06B | $3.81B | $3.62B | $3.12B | $2.76B | $1.9B | $1.85B | $1.46B | -$253.91M | $1.09B | $50.19M | $266.72M | $238.06M | -$385.79M | $116.43M | $142.06M |
| Depreciation & Amortization | $1.14B | $897M | $799M | $887M | $726M | $580M | $522M | $459M | $437M | $373M | $366M | $321M | $258M | $230M | $194M | $148M | $141M | $112.01M | $97.64M | $99.78M | $109.94M | $123.32M | $119.55M | $90.5M | $69.97M |
| Deferred Income Tax | $57M | -$527M | -$236M | -$651M | -$69M | $73M | -$7M | -$244M | $86M | -$20M | -$16M | -$91M | -$119M | $199M | -$175M | $248M | $336.7M | -$483.95M | -$5.49M | $32.27M | -$54.04M | $40.84M | -$240.67M | $4.43M | -$2.73M |
| Stock-Based Compensation | $597M | $526M | $460M | $295M | $273M | $254M | $250M | $196M | $176M | $101M | $80M | -$15M | $63M | $42M | $35M | -$22M | $88M | $60.97M | -$15.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||
| Accounts Receivable | -$733M | $21M | -$506M | -$421M | -$7M | $1.2B | -$690M | -$1.4B | -$726M | -$348M | -$133M | $21M | -$236M | -$621M | -$276M | -$176M | $176.92M | -$115.69M | -$60.98M | -$93.43M | -$64.19M | -$22.45M | -$48.8M | $16.41M | -$32.97M |
| Inventory | $0 | $0 | -$823M | $0 | -$1.44B | -$3.02B | -$1.39B | -$601M | $143M | -$471M | -$740M | -$1.22B | $880M | $259M | $790M | -$436M | -$779.26M | -$151.57M | -$197.29M | $161.69M | $159.81M | -$20.44M | $717.58M | $60.44M | $60.33M |
| Accounts Payable | $45M | $75M | -$99M | $190M | $100M | $26M | -$42M | $101M | $290M | $145M | $49M | $61M | -$20M | -$2M | $141M | $167M | -$31.4M | $8.43M | -$30.65M | $89.38M | $4.11M | -$20.27M | $21.57M | $34.42M | -$21.65M |
| Other Working Capital | -$754M | -$1.14B | -$515M | -$368M | $431M | $642M | $423M | $582M | $7M | -$193M | $4M | -$35M | $126M | $30M | $52M | $6M | -$40.4M | $1.33B | $178.38M | -$113.44M | -$161.69M | -$7.23M | $1.26M | -$25.52M | -$33.14M |
| Total Working Capital Change | -$1.44B | -$1.04B | -$1.94B | -$599M | -$916M | -$1.15B | -$1.7B | -$1.31B | -$286M | -$867M | -$820M | -$1.17B | $750M | -$334M | $707M | -$439M | -$674.14M | $1.07B | -$110.54M | $44.21M | -$61.95M | -$70.39M | $691.6M | $85.76M | -$27.43M |
| Other Non-Cash Items | $2.33B | $2.05B | $1.71B | $1.93B | $762M | $1.06B | $998M | $1.27B | $1.23B | $889M | $683M | $743M | $67M | $53M | -$26M | -$170M | $23.98M | -$96.45M | -$282.2M | $413.97M | $12.18M | $11.97M | $5.75M | $8.65M | $14.62M |
| Net Cash from Operating | $17.65B | $14.78B | $11.98B | $11.5B | $9.46B | $7.22B | $8.18B | $6.22B | $5.55B | $4.48B | $4.04B | $3.41B | $4.13B | $2.95B | $2.68B | $1.7B | $1.38B | $413.23M | $769.86M | $650.16M | $272.85M | $343.8M | $190.44M | $305.77M | $196.5M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -$489M | -$474M | -$371M | -$1.1B | -$814M | -$708M | -$728M | -$504M | -$423M | -$382M | -$342M | -$334M | -$299M | -$218M | -$177M | -$151M | -$139.36M | -$170.27M | -$156.42M | -$94.47M | -$82M | -$78.16M | -$143.47M | -$101.36M | -$107.56M |
| Acquisitions | $0 | -$2.51B | $0 | -$317M | -$4.44B | -$989M | -$1.44B | $174M | -$1.18B | -$167M | -$584M | -$525M | -$144M | -$70M | -$534M | -$498M | -$2.91M | -$81.73M | $0 | $0 | $0 | -$29.86M | -$67.22M | $31.24M | -$49.7M |
| Purchases of Investments | -$868M | -$658M | -$736M | -$594M | -$911M | -$807M | -$1.32B | -$1.9B | -$2.01B | -$1.82B | -$1.89B | -$2.38B | -$2.55B | -$3.1B | -$899M | -$329M | -$650.28M | -$519.51M | -$3.58B | -$3.82B | -$2.83B | -$2.19B | -$249.06M | -$233.44M | -$251.21M |
| Sales of Investments | $719M | $586M | $479M | $537M | $856M | $622M | $1.86B | $1.91B | $1.82B | $1.07B | $2.1B | $3.83B | $2.85B | $1.28B | $848M | $407M | $134.18M | $976.74M | $4.04B | $3.23B | $2.88B | $2.03B | $232.58M | $186.98M | $115.44M |
| Other Investing Activities | -$724M | -$345M | -$723M | -$3M | $33M | $3M | -$4M | -$188M | $1M | $134M | $1M | $99M | $140M | -$733M | $14M | -$70M | -$5.8M | -$3.57M | $7.91M | -$368K | -$1.04M | -$3.84M | $65.48M | $4.72M | $73.93M |
| Net Cash from Investing | -$1.36B | -$3.4B | -$1.35B | -$1.47B | -$5.27B | -$1.88B | -$1.64B | -$506M | -$1.78B | -$1.17B | -$715M | $690M | -$4M | -$2.84B | -$748M | -$641M | -$664.18M | $201.65M | $315.14M | -$676.23M | -$33.66M | -$274.51M | -$161.68M | -$111.86M | -$219.1M |
| Financing Activities | |||||||||||||||||||||||||
| Debt Repaid | -$492M | -$2.62B | -$1.55B | -$399M | -$1.37B | -$3.96B | -$2.22B | -$991M | $64M | -$1.97B | -$1.74B | -$1.53B | -$35M | - | - | - | $149M | $80M | - | - | - | - | - | - | - |
| Common Stock Issuance | $203M | $0 | $0 | $90M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $2.45B | $0 | $0 | $0 | $275.74M | $0 |
| Common Stock Repurchases | -$11.73B | -$11.04B | -$9.03B | -$8.75B | -$5.9B | -$4.47B | -$6.5B | -$4.93B | -$3.76B | -$3.51B | -$3.52B | -$3.39B | -$2.44B | -$1.75B | -$1.15B | $0 | -$4.62M | -$649.47M | -$600.53M | -$1.8B | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$2.76B | -$2.45B | -$2.16B | -$1.9B | -$1.74B | -$1.6B | -$1.34B | -$1.04B | -$942M | -$837M | -$727M | -$515M | -$255M | -$132M | -$77M | -$79M | -$78.69M | -$79.26M | -$74M | -$12.37M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$391M | -$201M | $237M | -$157M | -$345M | $117M | -$375M | $100M | -$53M | $134M | $110M | $32M | $34M | $82M | $10M | $98M | $48.06M | $57.35M | $15.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$14.18B | -$10.84B | -$9.49B | -$10.32B | -$6.55B | -$2.15B | -$5.87B | -$4.97B | -$4.76B | -$2.29B | -$2.46B | -$2.34B | -$2.63B | -$1.8B | -$1.22B | $19M | -$184.94M | -$751.38M | -$657.51M | $637.6M | $0 | $0 | $0 | -$34.89M | $5.44M |
| Forex Effect | $333M | -$199M | $128M | -$112M | -$153M | $257M | -$44M | -$6M | $200M | -$50M | -$260M | -$220M | $45M | $7M | -$54M | -$63M | $21.24M | -$17.64M | $46.72M | $28.27M | -$22.92M | $11.6M | $8.93M | $1.31M | $0 |
| Net Change in Cash | $2.44B | $343M | $1.27B | -$410M | -$2.52B | $3.45B | $632M | $745M | -$788M | $974M | $610M | $1.54B | $1.55B | -$1.68B | $667M | $1.01B | $550.28M | -$154.13M | $474.21M | $639.81M | $216.28M | $80.88M | $37.7M | $160.33M | -$17.16M |
| Supplementary Data | |||||||||||||||||||||||||
| Operating Cash Flow | $17.65B | $14.78B | $11.98B | $11.5B | $9.46B | $7.22B | $8.18B | $6.22B | $5.55B | $4.48B | $4.04B | $3.41B | $4.13B | $2.95B | $2.68B | $1.7B | $1.38B | $413.23M | $769.86M | $650.16M | $272.85M | $343.8M | $190.44M | $305.77M | $196.5M |
| Capital Expenditure | -$1.22B | -$474M | -$371M | -$442M | -$814M | -$708M | -$728M | -$504M | -$423M | -$382M | -$342M | -$334M | -$299M | -$218M | -$177M | -$151M | -$139.36M | -$170.27M | -$156.42M | -$94.47M | -$82M | -$78.16M | -$143.47M | -$101.36M | -$107.56M |
| Free Cash Flow | $16.43B | $14.31B | $11.61B | $11.06B | $8.65B | $6.52B | $7.46B | $5.72B | $5.13B | $4.1B | $3.7B | $3.07B | $3.84B | $2.73B | $2.51B | $1.55B | $1.24B | $242.96M | $613.44M | $555.69M | $190.84M | $265.64M | $46.98M | $204.41M | $88.93M |
| Cash at Beginning | $10.81B | $10.46B | $9.2B | $8.01B | $12.42B | $8.97B | $8.34B | $7.59B | $6.72B | $5.75B | $5.14B | $3.6B | $2.05B | $3.73B | $3.07B | $2.06B | $1.51B | $1.66B | $1.19B | $545.27M | $329M | $248.12M | $336.47M | $176.14M | $193.3M |
| Cash at End | $13.25B | $10.81B | $10.46B | $7.6B | $9.9B | $12.42B | $8.97B | $8.34B | $5.93B | $6.72B | $5.75B | $5.14B | $3.6B | $2.05B | $3.73B | $3.07B | $2.06B | $1.51B | $1.66B | $1.19B | $545.27M | $329M | $374.17M | $336.47M | $176.14M |