Mastercard (MA) FY2021 results: revenue $18.9 billion, up 23.4% on the year
Mastercard Inc. (MA) reported revenue of $18.9 billion for fiscal 2021, the year ended 31 December 2021, up 23.4% on the year before. Net income was $8.7 billion, up 35.5%, and diluted earnings per share $8.76. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$18.9 billion
+23.4% on the year
FY2014FY2021
Operating margin
53.4%
52.8% a year earlier
FY2014FY2021
Net income
$8.7 billion
+35.5% on the year
FY2014FY2021
Diluted EPS
$8.76
+37.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
9,463
7,224
8,183
+31.0%
Capital expenditure
407
339
422
+20.1%
Free cash flow
9,056
6,885
7,761
+31.5%
Free cash flow margin
48.0%
45.0%
46.0%
Cash from investing
-5,272
-1,879
-1,640
Cash from financing
-6,555
-2,152
-5,867
Depreciation and amortisation
726
580
522
+25.2%
Share-based compensation
273
254
250
+7.5%
Buybacks
5,904
4,473
6,497
+32.0%
Dividends paid
1,741
1,605
1,345
+8.5%
Dividend per share
n/a
n/a
$1.39
Diluted shares, weighted
992m
1,006m
1,022m
-1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
7,312
6,391
5,893
+14.4%
Non-controlling interest
71.0
97.0
24.0
-26.8%
Debt
13,901
12,672
8,527
+9.7%
Operating lease liabilities
645
726
656
-11.2%
Other liabilities
15,740
13,698
14,136
+14.9%
Total liabilities and equity
37,669
33,584
29,236
+12.2%
Fixed assets
1,907
1,902
1,828
+0.3%
Goodwill
7,662
4,960
4,021
+54.5%
Intangible assets
3,671
1,753
1,417
+109.4%
Securities held for sale or to maturity
473
483
688
-2.1%
Cash and equivalents
7,421
10,113
6,988
-26.6%
Receivables
3,006
2,646
2,514
+13.6%
Other assets
13,529
11,727
11,780
+15.4%
Total assets
37,669
33,584
29,236
+12.2%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.