Mastercard Inc FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $32.8B |
| Gross margin | — not reported |
| Operating income | $18.9B |
| Net income | — not reported |
| Diluted EPS | $16.52 |
| Cash & equivalents | $10.6B |
| Total assets | $54.2B |
| Long-term debt | $18.3B |
Key takeaway
Mastercard reported $32.79 billion in revenue and $18.9 billion in operating income for 2025, indicating a high-margin, scalable business model.
🔒 4 more takeaways in the full analysis
Beneath the surface
Total debt of about $19 billion (per DebtInstrumentCarryingAmount) versus cash and equivalents of $10.57 billion plus short-term investments of roughly $103 million suggests a net debt position of around $8.3 billion, which is more levered than the headline cash figure alone implies.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for MA.
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