Mastercard (MA) FY2022 results: revenue $22.2 billion, up 17.8% on the year
Mastercard Inc. (MA) reported revenue of $22.2 billion for fiscal 2022, the year ended 31 December 2022, up 17.8% on the year before. Net income was $9.9 billion, up 14.3%, and diluted earnings per share $10.22. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$22.2 billion
+17.8% on the year
FY2015FY2022
Operating margin
55.2%
53.4% a year earlier
FY2015FY2022
Net income
$9.9 billion
+14.3% on the year
FY2015FY2022
Diluted EPS
$10.22
+16.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
11,195
9,463
7,224
+18.3%
Capital expenditure
442
407
339
+8.6%
Free cash flow
10,753
9,056
6,885
+18.7%
Free cash flow margin
48.4%
48.0%
45.0%
Cash from investing
-1,470
-5,272
-1,879
Cash from financing
-10,328
-6,555
-2,152
Depreciation and amortisation
750
726
580
+3.3%
Share-based compensation
295
273
254
+8.1%
Buybacks
8,753
5,904
4,473
+48.3%
Dividends paid
1,903
1,741
1,605
+9.3%
Dividend per share
$2.04
n/a
n/a
Diluted shares, weighted
971m
992m
1,006m
-2.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,298
7,312
6,391
-13.9%
Non-controlling interest
58.0
71.0
97.0
-18.3%
Debt
14,023
13,901
12,672
+0.9%
Operating lease liabilities
630
645
726
-2.3%
Other liabilities
17,715
15,740
13,698
+12.5%
Total liabilities and equity
38,724
37,669
33,584
+2.8%
Fixed assets
2,006
1,907
1,902
+5.2%
Goodwill
7,522
7,662
4,960
-1.8%
Intangible assets
3,859
3,671
1,753
+5.1%
Securities held for sale or to maturity
400
473
483
-15.4%
Cash and equivalents
7,008
7,421
10,113
-5.6%
Receivables
3,425
3,006
2,646
+13.9%
Other assets
14,504
13,529
11,727
+7.2%
Total assets
38,724
37,669
33,584
+2.8%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.