Mastercard Inc Q4 2025 Financial Results

By Chris Stiles • Thursday, January 29 12:27 • Permanent Link

Mastercard Incorporated has reported its financial results for the fourth quarter and full year of 2025, demonstrating strong performance across various key metrics.

For the fourth quarter of 2025: Net income was $4.1 billion, reflecting a 22% increase from the same period in 2024. Diluted earnings per share (EPS) stood at $4.52, marking a 24% increase from the fourth quarter of 2024. Net revenue reached $8.8 billion, indicating an 18% increase, or 15% on a currency-neutral basis, from the same period in 2024. Gross dollar volume was up 7% and purchase volume up 9% on a local currency basis.

In terms of non-GAAP metrics for the fourth quarter of 2025: Adjusted net income was $4.3 billion, showing a 22% increase from the same period in 2024. Adjusted diluted EPS was $4.76, marking a 25% increase from the fourth quarter of 2024. * Adjusted net revenue reached $8.8 billion, reflecting an 18% increase, or 15% on a currency-neutral basis, from the same period in 2024.

For the full year of 2025: Net income was $15.0 billion, demonstrating a 16% increase from 2024. Diluted EPS stood at $16.52, indicating a 19% increase from 2024. Net revenue reached $32.8 billion, reflecting a 16% increase, or 15% on a currency-neutral basis, from 2024. Gross dollar volume was up 9%, cross-border volumes up 15%, and switched transactions up 10% on a local currency basis.

In terms of non-GAAP metrics for the full year of 2025: Adjusted net income was $15.4 billion, showing a 14% increase from 2024. Adjusted diluted EPS was $17.01, marking a 17% increase from 2024. * Adjusted net revenue reached $32.8 billion, reflecting a 16% increase, or 15% on a currency-neutral basis, from 2024.

Moreover, during the fourth quarter of 2025, Mastercard repurchased 6.4 million shares at a cost of $3.6 billion and paid $684 million in dividends. As of January 26, the company had repurchased an additional 1.3 million shares at a cost of $715 million, leaving $16.7 billion remaining under approved share repurchase programs.

Today the company's shares have moved -0.58% to a price of $539.49. Check out the company's full 8-K submission here.

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