Mastercard (MA) FY2023 results: revenue $25.1 billion, up 12.9% on the year
Mastercard Inc. (MA) reported revenue of $25.1 billion for fiscal 2023, the year ended 31 December 2023, up 12.9% on the year before. Net income was $11.2 billion, up 12.7%, and diluted earnings per share $11.83. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2024.
Revenue
$25.1 billion
+12.9% on the year
FY2016FY2023
Operating margin
55.8%
55.2% a year earlier
FY2016FY2023
Net income
$11.2 billion
+12.7% on the year
FY2016FY2023
Diluted EPS
$11.83
+15.8% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
11,980
11,195
9,463
+7.0%
Capital expenditure
371
442
407
-16.1%
Free cash flow
11,609
10,753
9,056
+8.0%
Free cash flow margin
46.3%
48.4%
48.0%
Cash from investing
-1,351
-1,470
-5,272
Cash from financing
-9,488
-10,328
-6,555
Depreciation and amortisation
799
750
726
+6.5%
Share-based compensation
460
295
273
+55.9%
Buybacks
9,032
8,753
5,904
+3.2%
Dividends paid
2,158
1,903
1,741
+13.4%
Dividend per share
$2.37
$2.04
n/a
+16.2%
Diluted shares, weighted
946m
971m
992m
-2.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,929
6,298
7,312
+10.0%
Non-controlling interest
46.0
58.0
71.0
-20.7%
Debt
15,681
14,023
13,901
+11.8%
Operating lease liabilities
633
630
645
+0.5%
Other liabilities
19,159
17,715
15,740
+8.2%
Total liabilities and equity
42,448
38,724
37,669
+9.6%
Fixed assets
2,061
2,006
1,907
+2.7%
Goodwill
7,660
7,522
7,662
+1.8%
Intangible assets
4,086
3,859
3,671
+5.9%
Securities held for sale or to maturity
592
400
473
+48.0%
Cash and equivalents
8,588
7,008
7,421
+22.5%
Receivables
4,060
3,425
3,006
+18.5%
Other assets
15,401
14,504
13,529
+6.2%
Total assets
42,448
38,724
37,669
+9.6%
10-K for the year ended 31 December 2023, filed 13 February 2024: the filing.